 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Guernsey Reviews Functioning Of FSC |
by Jason Gorringe, Tax-News.com, London
Monday, December 12, 2011
The Guernsey government has welcomed the publication of a report it commissioned
Ernst and Young to produce, which identifies areas in which Guernsey could benefit
from reforming the island's financial services regulator, the Guernsey Financial
Services Commission.
In summary, the report identifies that while the agency is generally seen to
provide efficient and cost-effective oversight of the financial services sector,
to keep pace with changing standards in light of the global financial crisis
and increased scrutiny of offshore financial centres, the Commission has been
required to invest more heavily in recent years in maintaining a robust regulatory
regime.
Operational costs have trended upwards as a consequence, and Guernsey is now
considering how to rationalize resource allocation to maintain a world-leading
regulatory regime, which places a low burden on businesses, and is developed
at minimal cost to the industry and government.
Guernsey Chief Minister, Lyndon Trott said:
“We welcome the report and believe it was a prudent time to undertake
such a review. We would hope very much that the opportunity, as scoped out in
the report, is fully seized, to reduce operating costs for the Commission and
the day-to-day compliance and administrative burden on industry.”
“The States set out a very clear objective for the Commission's activities,
which is the 'maintenance of an internationally-respected financial services
regime, adopting and applying international standards' and that implementation
of regulation should be 'effective but proportionate'."
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
