Tax, trust and legal
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Isle of Man plans to end secret interest payments
As governments stepped up their battle against bank secrecy, the U.K. crown dependency the Isle of Man said it will sign up to the European Union's automatic tax-information exchange accords.
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France gets tough on offshore money
French banks will have to publish information about their activities in offshore centres in their annual reports, as the Sarkozy government intensifies its activities against undeclared money in tax havens.
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Bermuda bids to lure rich families after scrapping trust law
The Bermudan government has changed its laws in a bid to make itself more attractive to multi-generational wealthy families seeking to establish trusts in offshore trust jurisdictions, following the example of other offshore jurisdictions Jersey and Guernsey.
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OECD Tax Forum: Users Of Tax Havens To Face Greater Scrutiny
Individuals and companies using tax havens will face greater scrutiny from tax authorities around the world, a body of representatives of those authorities said Friday.
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OECD removes Monaco, Liechtenstein from tax list
European tax havens Monaco, Liechtenstein and Andorra have been removed from the Organisation of Economic Cooperation and Development’s uncooperative tax havens list.
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French Banks Promote Plan To Combat Tax Havens - Report
The French bankers trade group has drawn up a set of proposals to present to fellow European banks for combatting tax havens, according to Le Figaro's Web site on Friday, citing the group's leadership.
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Liechtenstein wealth manager opens its doors to offshore US money
Liechtenstein-based wealth manager Kaiser Ritter Partners is to offer accounts for US offshore assets that will be tax compliant with the Internal Revenue Service.
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‘Flipping’ MPs could hurt property owners
New research off the back of the controversy surrounding MP's property expense claims, has shown that there are substantial tax advantages from the "flipping" of second homes.
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Tax haven crackdown to hit offshore financial centres
The number of offshore financial centres could shrink by half within the next five years as the worldwide crackdown on tax havens gathers pace, according to a prominent Jersey-based financial lobbyist.
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Singapore Stands Set to Defend Bank Secrecy, to a Point
This city-state, which styles itself as Asia's Switzerland for offshore investors, will resist pressure to open its books to Western authorities, say people familiar with the government's thinking.
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Brummel
Relocation, relocation, relocation
Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.
Rich Monitor
$95 Million Trump House Could Be Sold–Again
Donald Trump set a record when he sold a house for $95 million last year. It was, he proudly pointed out, the largest amount paid in the U.S. for a single-family home.
