Author: Aaron

  • Bank of Ireland Silver Anniversary Bond

    The Bank of Ireland Silver Anniversary Bond has been launched to commemorate 25 years since the bank was first set up on the Isle of Man. Customers who invest in the bond will have access to growth potential from four of the world’s major stock market indices, while maintaining the security of having their capital…

  • Globalization of Financial Markets

    Investing abroad has been a fundamental part of institutional investor’s strategy for quite some time now, but now globalization of financial markets has given the traditional investor a chance to take advantage of the opportunities abroad. Over the last few years, especially since the U.S. recession in 2001-2002 when U.S. equities struggled, investors have looked…

  • Monaco Opens Up Finances

    Decades after becoming Europe’s number one tax haven, Monaco is to start collating and publishing figures showing it’s GDP for the first time. Your Monaco, who produce an independent travel guide for Monaco and Monte Carlo, say that those who are considering moving to Monaco because of her zero income tax policy have nothing to…

  • SEC calls for tighter rules on hedge funds

    The SEC estimates there are 8,800 hedge funds operating in the US but, because they are usually incorporated offshore, it is impossible to be certain. Last month an appeal court threw out a rule requiring funds with more than 15 clients, or $30m, to register with the regulator. Ruling on a lawsuit brought by Philip…

  • Bahamas Laws to Go Online

    Government officials hope the recently launched Bahamas Government Online Initiative will clear the way for the country’s laws to be online within days. It’s considered important to help citizens and foreigners speed up their decision making for such things like investments. The basis of the Bahamas Laws and legal system lies within the English Common…

  • US Tax Law

    QUESTION: In foreign trusts, it is not unusual to give the trustee the authority to capitalize undistributed income (including capital gains). Does that in effect cause the “undistributed income” to become ”trust corpus/principal” and therefore avoid being treated as ”accumulation distribution”—under U.S. regulations ? REPLY: For trust accounting purposes, it is my understanding that the…

  • Team Caterpillar

    Caterpillar Profit Per Share 41 Percent Higher Than Second Quarter 2005; Full-Year Outlook Increased Second-quarter sales and revenues and profit were the highest for any quarter in Caterpillar’s history and strong demand continues in key industries. PEORIA, Ill., July 21 /PRNewswire-FirstCall/ — Today, Caterpillar Inc. (NYSE: CAT – News) reported a 41 percent increase in…

  • EU Orders Luxembourg to Repeal Tax Breaks

    The European Commission has ordered Luxembourg to repeal its preferential tax regime for financial holdings by the end of the year. The commission said the scheme gives unjustified tax advantages to providers of certain financial services with holding companies in Luxembourg. Stable and high-income market economy features moderate growth, low inflation, and a high level…

  • Using Offshore Tax Havens for Privacy & Profit

    Editorial Review Why invest abroad? Today, growing numbers of investors are convinced that the U.S. is no longer the land of safety or opportunity when it comes to investments. They recommend that you research the country to which you entrust your holdings as carefully as you do your broker, banker, bond ratings or any investment.…