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Asset protection, pensions, funds, jurisdictions, tax policy and international structuring.
Just a few weeks ago, the Amaranth hedge fund flew investors in to gloat about its incredible year to date performance. Their 30% gain since January had beaten the stock market hands down and energy trader Brian Hunter was being…
In a clear sign that United Kingdom tax authorities are keen to crack down on the tax practices of high-rolling hedge funds, GLG Partners Services Ltd., a Cayman Islands entity that distributes hedge funds run by GLG Partners LP, has…
The government of the United Kingdom has passed new legislation enabling investment firms based in Gibraltar to sell their services in the UK. The legislation, which became effective on July 31, follows through on an announcement by the governments of…
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…
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…
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…
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…
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…
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…
SPECIAL REPORT
The US Debt Clock has released another provocative Secret Window poster, and this time the New Money Revolution delivers its message through the simplest financial question imaginable. The headline reads: KID MONEY LOGIC Standing on…