Author: Aaron
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Isle of Man Business Barometer Paints Optimistic Picture
Accounting firm KPMG has released the latest set of findings from its Isle of Man Business Barometer, which indicate that business in the jurisdiction continued to see improved performance during the third quarter of 2004. “The encouraging trends from the first half of the year are continuing, with over 85% of business reporting steady or…
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Tax advantages and new investment opportunities
Moving abroad can be a daunting process, and for many expatriates, finding a safe home and tax advantages for their savings is a top priority. Most high street banks in the UK have offshore subsidiaries that can provide a range of accounts tailored to suit the needs of expatriates, combining competitive rates of interest with…
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Risk Aversion: Hedge funds evolving as rules and customers change
By Michael Peltz – In September 1998, Philip Duff left the security of his job as head of Morgan Stanley’s mutual fund group to become chief operating officer at Tiger Management LLC, the hedge fund firm run by Julian Robertson. On one day, during Duff’s second week on the job, Tiger lost more than $2…
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Hong Kong Details New Plan To Exempt Offshore Funds From Pft Tax
HONG KONG -The Hong Kong government has issued a new proposal on exempting offshore funds from paying profits tax in a bid to maintain the territory’s status as an international financial center. The new proposal, crafted by the Financial Services and the Treasury Bureau, seeks to exempt non-Hong Kong residents from paying profits tax on…
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FAQs on Offshore Investments
HSBC International deals with hundreds of enquiries a week, here are some of the most frequently asked questions with some answers. 1. What exactly is offshore investing? In the financial sense, ‘offshore’ means a jurisdiction other than the one in which you live. Established offshore centres such as Jersey, Guernsey and the Isle of Man…
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The Trust Protector
Some foreign jurisdictions allow the appointment of a trust protector. As the title indicates, this person is supposed to provide general oversight of trust operations to insure its objectives are met and the law is followed. Usually the grantor has the right to name the protector, and may even assume that position himself but the…
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Show Us Your Money
The USA PATRIOT Act lets the feds spy on your finances. But does it help catch terrorists? “This is really a bill which, if enacted into law, will be [a longer] step in the direction of stopping terrorism than any other we have had before this Congress in a long time,” one of the bill’s…
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Brazil’s top diplomat fills out the plot line
His strategy wins nation clout on the global stage BRASÍLIA Foreign Minister Celso Amorim, a cinema buff and former movie producer, likes to go over a script in his mind of Brazil’s future. In it, Brazil shakes its postcolonial insecurity and takes the helm of South America to the United Nations, where it lands a…
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Do Americans Need a Second Passport?
People of means living in places where it seems civil war never ends, like the Balkans, home to the shards of the former Yugoslavia, or people facing continued political uncertainty, such as Hong Kong since the 1997 hand-over to Communist Beijing, obviously may need a safe refuge for escape. If besieged people enjoy the legal…