Month: January 2018

  • Guernsey Funds Sector Sees Consecutive Year-on-year Growth

    The total value of Guernsey funds grew by approximately GBP20 billion over the 12 months to the end of the third quarter of this year. Figures from the Guernsey Financial Services Commission (GFSC) show that, at the end of September 2017, the net asset value of all funds under management and administration in Guernsey stood…

  • University of Miami Business School’s Florida 50 Stock Index gains more than 28% during 2017

    UMIAMIFL (Florida 50 Stock Index) also outperformed two key S&P benchmarks by more than nine percent. CORAL GABLES, Fla., Jan. 5, 2018 /PRNewswire/ — The University of Miami Business School’s Florida 50 Index finished 2017 with a gain of 28.55%, with twelve of its firms seeing stock prices rise more than 40% and another twelve of its firms seeing stock prices rise…

  • Bloomberg Tax Issues Report Highlighting Impact Of Sweeping Tax Reform On Key Industries

    ARLINGTON, Va., Jan. 5, 2018 /PRNewswire-USNewswire/ — Bloomberg Tax today issued Industry-Specific Impact of Tax Reform, a special report that helps tax professionals understand how the recently enacted changes to the tax code may offer opportunities, increase compliance challenges and add complexity for businesses. Major industries highlighted include banking, health insurance, hospitality, manufacturing, financial planning, private equity, real estate, retail…

  • China International Import Expo To Debut In Shanghai, Helping Boost World Trade

    SHANGHAI, Jan. 5, 2018 /PRNewswire/ — In a significant move to further support the growth of global trade, China International Import Expo (CIIE) will launch its first exhibition at National Exhibition and Convention Center (Shanghai) from 5 to 10, November 2018. With an exhibition area covering over 59 acres (240,000 square meters), CIIE signals the Chinese government’s latest…

  • 2018 Tax Solution for Offshore Private Equity

    [box size=”large” style=”rounded” border=”full”]Offshore Private Equity is now caught by the carried interest definition; which means they could pay tax on money not yet received.[/box] [box type=”alert”]Also new for 2018 tax is Captive Insurance is added to overseas passive income rules.[/box] [box type=”tick”]Our structure, the Clean Nominee Bank Account, makes overseas passive income rules irrelevant.[/box]…

  • Current and Emerging Investor Threats for 2018

    HARRISBURG, Pa., Jan. 2, 2018 /PRNewswire-USNewswire/ — Secretary of Banking and Securities Robin L. Wiessmannhas issued a list of current and emerging threats facing investors in 2018, along with a reminder that in the age of technological innovation, it is more important than ever for consumers to take the time to investigate before they invest their money. The top…

  • Commonwealth of Dominica Welcomes Newest Offshore Bank

    ROSEAU, Dominica, Dec. 31, 2017 /PRNewswire/ — In late 2018, Digibank joins the ranks of Class-A licensed offshore banks of the Commonwealth of Dominica. Poised to ride the trend of globalized wealth, Digibank aims to incorporate technology to traditional offshore bank services to achieve 3 crucial comparative advantages, namely full digitalization, faster processing speed and lower transaction cost.…