30 articles found within the last year.
Displaying results 1 - 20
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Myners tells UK to grab offshore funds
Treasury minister Lord Myners has called on custodians ... In an interview with Financial News, Myners said ... He said: “I see this as a significant ... Tax havens have been targeted by the G20 ... Meanwhile, the advantage of domiciling a fund in ... The UK Government this year set up the...
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End of the tax haven vacation
From Aruba to the British Virgin Islands, offshore ... The Organisation for Economic Co-operation and Development demanded ... City of London minister Lord Myners told Financial ... However, Derek Adler, director at Ifina, a fund ... Marc Seimetz, partner at law firm Dechert in...
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Barclays offloads $12.3bn of toxic assets to Cayman Islands fund
Stephen King and Michael Keeley are leading a ... Under the deal terms, C12 Capital Management, a...
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US private bank accused of helping Brazillian clients evade taxes
The US Department of Justice has accused an ... The DoJ’s claim follows an application in December...
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More offshore financial centres join OECD white list
The Cayman Islands and the British Virgin Islands ... The Cayman Islands signed its 13th Tax Information ... The British Virgin Islands signed its 12th TIEA ... Last April, as a result of a Group ... Black list countries Costa Rica, Malaysia, the Philippines...
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OECD trims ‘gray list’ of tax havens
The British Virgin Islands and the Cayman Islands ... The OECD said that six countries have now...
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UBS Tax Crackdown Widens to Hong Kong
The US crackdown on clients of UBS is ... For the first time in the government's long-running ... On Friday, John McCarthy, a UBS client in ... The Hong Kong link is important because the ... Separately, the U.S. has been pursuing a civil ... UBS declined to comment on Mr. McCarthy's case,...
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Court freezes Saudi billionaire's assets
The Grand Court of the Cayman Islands has ... The decision is in response to a complaint ... The claim is for sums Ahab alleges were ... The Cayman decision follows a separate suit Ahab ... The Cayman Islands lawsuit lists 43 defendants, including ... "Ahab's application for the Cayman orders represents a...
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Isle of Man plans to end secret interest payments
As governments stepped up their battle against bank ... The move puts the Isle of Man, which ... The announcement came as finance ministers from 18 ... "We have succeeded to agree on a communique ... France, Germany and the U.K. have led a ... The Isle of Man, one of the smaller...
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Hedge fund body conscripts members in battle against EU directive
The trade body for hedge funds has asked ... The Alternative Investment Management Association has criticised an ... Under the draft, EU-based managers running more than ... Escalating its battle against the directive, Aima yesterday ... The body said: "We would like to know...
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Tax haven crackdown to hit offshore financial centres
The number of offshore financial centres could shrink ... Geoff Cook, chief executive of Jersey Finance, ... Cook was responding to a question on the ... These include Jersey, the Cayman Islands and Liechtenstein, ... Cook and others reckon smaller offshore centres will ... Tax havens are being forced to sign anti-secrecy...
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Low-tax nations slam US crackdown proposals
The Obama administration's proposed crackdown on corporate tax ... Jan Kees de Jager, the Netherlands' finance secretary, ... The planned amendments could have “unintended negative consequences”,...
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Storm brewing for Caribbean
The Caribbean holds two big attractions for the ... Half the countries on the Organisation for Economic ... These include familiar names such as the Cayman ... If they fail to meet OECD standards on ... Jay Krause, a tax and trustn partner at ... The magic number of these bilateral tax agreements...
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Cayman Islands law firm hires trio
Cayman Islands-based law firm Conyers Dill & Pearman ... Elizabeth Denman joins from funds group Mello Jones ... Callum Harper joins from law firm Ashurst where ... They are both based in Bermuda. ... Anton Goldstein joins from law firm Sullivan ... They report to John Collis, chairman of Conyers....
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Wealth Bulletin’s Top Tax Havens
With a new crackdown on tax havens by ... Off shore financial centres have never had it ... The run-up to the G20 summit in London ... If they were hoping to avoid draconian measures ... The 38 nations on a “grey” list published ... The best example of how the offshore game...
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The search for the heart of the hedge fund industry
Many believe the beating heart of the global ... Financial News can reveal a new contender: a ... The heart of the UK hedge fund industry ... Europe’s largest hedge fund manager Brevan Howard Asset ... A host of other hedge fund managers, from ... All UK firms must provide registered UK addresses...
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Cayman comes under spotlight after Weavering collapse
A Cayman Islands-based lawyer has questioned whether the ... The lawyer questioned whether the island had enough ... The fixed income fund of London manager is ... PricewaterhouseCoopers, the fund's liquidator, said the fund conducted ... Magnus Peterson, Weavering's founder, was reportedly joined by...
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Tax havens campaign against ‘indiscriminate’ crackdown
Some of the UK’s Crown Dependencies and Overseas ... Deborah Drummond, deputy financial secretary of the Cayman...
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Scotiabank acquires Caribbean wealth manager
The Bank of Nova Scotia on Friday declared ... Five Continents Financial, which manages client assets worth...
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US lawmakers target offshore tax havens through legislation
US Democratic lawmakers on Monday introduced bills in ... Besides outlawing patenting of tax avoidance plans, targeting ... It would also close an offshore tax dividend...
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