Author: Aaron
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New Bulgarian Property Fund Helps Britons Mitigate IHT
A new investment scheme (Bulgarian Property Fund) has been launched in the United Kingdom designed to mitigate the effects of inheritance tax by investing in the Bulgarian property market, it has been reported. According to the Daily Telegraph, the Black Sea Property Fund, launched by Development Capital Management (DCM), is a seven-year savings plan giving…
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Taxation, Globalization and Free Trade in the Bahamas
The first offshore Free Trade operations in the Western Hemisphere were established in the Bahamas in 1936 by British and Canadian interests to provide management services for the investments of wealthy clients. These operations eventually became a wholly owned subsidiary of the National Westminster Bank, which was consolidated into the private banking operations of its…
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Corporations in Search of Paradise – Fiscal, That Is
DAVOS, Switzerland, Jan 27 (IPS) – All of the rhetoric about corporations’ social responsibility, promoted in the international arena and adopted by the World Economic Forum (WEF), suffers from a structural flaw because it pays little attention to corporate tax evasion, say activists. Despite the recent headline-grabbing cases of tax fraud — by the likes…
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Now’s the time to make that offshore investment
By Renée Bonorchis Johannesburg – Local might be lekker, but with the rand dollar at levels of R6 and below for over two months, it’s a good time to invest offshore, according to market experts. The Association for Collective Investments, which monitors the unit trust industry, said this week that private investors earmarked more than…
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Following the herd could cost you dear
For investors who bought technology funds during the internet boom, only to see their value halve when the bubble burst, studying “behavioural finance”, the analysis of irrational investor behaviour, could pay big dividends. Behavioural finance contrasts with the traditional argument that markets are “efficient” that is, share prices reflect publicly available information. According to this…
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Barclays’ gold-backed security to launch on Friday
NEW YORK, Jan 27 (Reuters) – The newest U.S. gold exchange-traded fund, iShares COMEX Gold Trust, will make its long awaited debut on the American Stock Exchange on Friday under the ticker symbol IAU, Barclays Global Investors said on Thursday. “We heard from the SEC (U.S. Securities and Exchange Commission) late last night that we…
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CMC achieves landmark China forex move
An internet-based trading group will this week become the first non-bank provider of foreign exchange products to be approved by Chinese regulators. The move is the latest example of China opening its tightly controlled financial markets to foreign companies. CMC Group, a UK-based company which runs financial trading websites around the world, has been granted…
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Door opens into commercial property
TRADITIONALLY, commercial property has been a closed shop as far as private investors are concerned. High entry levels for good-quality transactions have meant that even high-net-worth individuals would have to think twice about jumping into the market. But the lure of the commercial property sector – the best performing asset class over the past five…