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New On The Network Today
This feed is published daily with selected new or updated
content from across our network. For a list of network sites, many of
which feature daily news, see below. |
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| 09/09 New
Lowtax Editor Column, by Kitty Miv |
| 08/09 New
PBTG Editor Column, Caroline, PBTG editor |
| 07/09
Flaws Uncovered In UK PAYE Tax System, Tax-News.com |
| 06/09
German Cabinet Agrees 'Future Package', Tax-News.com |
| 03/09
South Africa Rejects Mining Tax, Tax-News.com |
| 02/09 New
Lowtax Editor Column, by Kitty Miv |
| 01/09 New
PBTG Editor Column, Caroline, PBTG editor |
| 01/09 International
Privacy and Security, Investors Offshore special feature |
| 31/08
Lowtax Belize, annual update |
| 27/08
IRS To Drop UBS Lawsuit, Tax-News.com |
| 26/08 New
Lowtax Editor Column, by Kitty Miv |
| 25/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 24/08
Uruguay Stays On OECD Grey List, Tax-News.com |
| 23/08 Don't
Forget Doha, And I Don't Mean The Tennis, Jeremy Hetherington-Gore
blog entry |
| 20/08
Ireland Plans Social Security Overhaul, Tax-News.com |
| 19/08 New
Lowtax Editor Column, by Kitty Miv |
| 18/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 17/06
Lowtax Cayman Islands, annual update |
| 16/08
Germany's Fiscal Court Seeks Property Tax Reform, Tax-News.com |
| 13/08 Jurisdiction
Special Focus: Antigua and Barbuda, Investors Offshore special feature |
| 12/08 New
Lowtax Editor Column, by Kitty Miv |
| 11/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 10/08 Brazil
Cuts Import Tariffs, Tax-News.com |
| 09/08 Ukraine
Tax Code Published, Tax-News.com |
| 06/08
France Plans Reform Of Property Tax Credit, Tax-News.com |
| 04/08 New
PBTG Editor Column, Caroline, PBTG editor |
| 02/08 Islamic
Finance - The New Mainstream Alternative, Investors Offshore special
feature |
| 28/07 New
PBTG Editor Column, Caroline, PBTG editor |
| 27/07 UK
Launches Raft Of Tax Consultations, Tax-News.com |
| 26/07 Fat
Tax On The Menu , Jeremy Hetherington-Gore blog entry |
| 23/07 Sarkozy
Seeks 'Fiscal Convergence' With Germany, Tax-News.com |
| 20/07 Singapore
Base For Tuvalu OIFC, Tax-News.com |
| 15/07 St
Vincent & The Grenadines, Investors Offshore special feature |
13/07 Tax-
News.com Jersey Review 2010-2011 |
| 12/07 Goodbye
To All That, Jeremy Hetherington-Gore blog entry |
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06/07 Hong
Kong Full PBTG Guide, added to Personal Business Tax Guide |
| 28/06
Lowtax Dubai, annual update |
| 18/06 Singapore
- Another Hong Kong?, Investors Offshore special feature |
| 15/06 Swiss
Parliament Approves UBS Agreement, Tax-News.com |
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08/06 Dubai
Full PBTG Guide, added to Personal Business Tax Guide |
| 04/06
Lowtax Panama, annual update |
| 01/06
Lowtax Luxembourg, annual update |
| 03/03
Personal Business
Tax Guide, PBTG, has launched! |
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| Providing essential tax news and information for globally
mobile artists, contractors, entrepreneurs, professionals, small businesses,
sportspersons and entertainers. |
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| 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. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
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| Guernsey's Chief Minister Questions Onshore-Offshore Divide |
by Jason Gorringe, Tax-News.com, London
Monday, December 14, 2009
Guernsey’s Chief Minister, Lyndon Trott, told a major
London conference that the island should not be "dismissively" compartmentalized
as an offshore financial center.
He was speaking at The Future of Onshore and Offshore Financial Centres Conference
alongside Jeffrey Owens, Director of the Center for Tax Policy and Administration
at the OECD, and Michael Foot, Chairman of the Promontory Financial Group and
author of the recent HM Treasury commissioned report into the British Crown
Dependencies and Overseas Territories.
The Chief Minister said the onshore/offshore distinction was outmoded in the
modern globalized economy. Instead, he highlighted the island’s position in the Global Financial
Centres Index (GFCI), in which, in September this year, Guernsey was ranked
15th in the world.
“For a small island with a population of 62,000 people that’s something
we are immensely proud of. Although we are small in terms of land mass and population, we punch above our weight,” said Trott.
“That places us in the top bracket of what are referred to as offshore
finance centers – and ahead of so-called onshore centers such as Luxembourg
and Dublin.”
Trott said it was a reflection of the island’s mix of talent, independence
and natural assets and maturing financial services industry, and also a reflection
of an important and increasingly recognized link to the City of London.
The recently published Foot Review into British Offshore Financial Centers
showed that in Q2 2009, UK banks received more than USD330bn
from Guernsey, Jersey and the Isle of Man. In 2008 – the year of the financial crisis
– the level of net financing provided from Guernsey to the City was around 40% higher on average than just two years before.
Trott said that the independent verification of this figure was helping to
change perceptions of the island’s role in the international financial
system and its relationship with the UK.
A former financial trader before he entered politics, Trott acts as an overseas
ambassador for Guernsey in his role as Chief Minister.
This year he has made three visits to Brussels and also visited Washington,
Mexico and China to promote the island and its financial services business.
He highlighted the progress made with China during the address to the conference.
“We must conclude that the financial crisis has resulted in greater
scrutiny of all financial centers – and there’s a growing gap between
those at the top end, and the rest. That’s why we in Guernsey are committed
to staying ahead of the pack,” Trott said.
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| THE LOWTAX LIBRARY
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