Sovereign Report – Issue 39
Content Summary
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- European News
- European Commission to challenge Swiss tax deals
- Isle of Man Foundations Act gains Royal Assent
- EU to begin on STD expansion
- Malta launches new high net worth individuals’ scheme
- ECOFIN postpones vote on “zero-10” tax systems
- Guernsey proposes new Image Rights Register
- USA & Caribbean News
- BVI moves to automatic exchange under EU Savings Tax Directive
- US Treasury postpones FATCA implementation
- IRS nets $2.7 billion from offshore accounts
- ECSC changes Civil Procedure Rules
- St Kitts and Nevis boosts Citizenship Programme
- Curaçao approves new package of corporate measures
- Far East News
- South African external company registration
- Hong Kong companies exceed 900,000 mark
- Revised Indo-Swiss tax treaty comes into force
- Offshore Yuan trade in Hong Kong grows
- China extends social security contributions to foreigners
- Hong Kong clarifies Chinese dividends withholding rate
- Legal News
- Cayman fund directors each found personally liable for $111 million
- UK Court of Appeal rules on Huitson and Shiner
- New Zealand Supreme Court backs taxman
- Gaines-Cooper loses appeal over residency
- Importance of substance for Cyprus structure
- Swiss Supreme Court finds UBS disclosure lawful
- Fiscal News
- Sarkozy call to ostracise “tax havens” at G-20 Summit
- France introduces new tax on high incomes
- Jersey amends tax “cap” to attract more HNWIs
- European Commission sets out plans to eliminate double taxation
- Portugul Budget targets offshore companies and property
- Spain to reinstate temporary wealth tax
- Special Report
- A Will is not the only way…
- HMRC QROPS data: Australia, New Zealand and Guernsey dominate market