Sovereign Report – Issue 34

Content Summary

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Download a copy of Issue 34

1. European News
   • UK announces Offshore Disclosure initiatives
   • Norwegian billionaires to leave over wealth tax
   • Jersey brings new Foundations Law into force
2. USA & Caribbean News
   • UK imposes direct rule over Turks and Caicos
   • Switzerland and US reach agreement over UBS
   • BVI opens new specialised Commercial Court
3. Far East News
   • Hong Kong reviews Trustee Ordinance
   • Mauritius GBC2s to file annual financial summaries
   • UAE scraps minimum capital requirement
4. Legal News
   • 300 UK banks to disclose offshore account information
   • ECJ finds Belgian treatment of foreign dividends compatible
   • HK rules on transfer pricing
5. Fiscal News
   • Gibraltar proposes 10% corporate tax rate
   • San Marino to hold census
   • Isle of Man to move to automatic EU exchange of information
6. Special Report
   • G-20 leaders agree to maintain pressure on tax havens