Global Capital. Clear Intelligence.
Aaron 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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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. … Read more
Metals continue the bull run. We expect to see $700 on gold in the very near future. Geopolitical and world economic events coupled with the normal supply and demand equation have this market poised to make a run at the infamous Hunt Brothers high back in the early 80’s. First we of course need to … Read more
The Brazilian Lawmakers in the Senate have rubber stamped an executive decree which will remove capital gains tax for foreign investors in domestic government bonds. The law, due to be signed by next week by President Luiz Inacio Lula da Silva, will mean that foreign investors are exempt from the 15% tax. The law will … Read more