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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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| 29/07 New
Lowtax Editor Column, by Kitty Miv |
| 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 |
| 19/07 Expats
Turn Backs On US Taxes, Tax-News.com |
| 16/07
Congress Approves US Financial Reform Bill, Tax-News.com |
| 15/07 New
Lowtax Editor Column, by Kitty Miv |
| 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 |
| 09/07
Antigua Pursuing Trade Sanctions Against US, Tax-News.com |
| 08/07 New
Lowtax Editor Column, by Kitty Miv |
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06/07 Hong
Kong Full PBTG Guide, added to Personal Business Tax Guide |
| 05/07
Australian Mining Tax Agreement Reached, Tax-News.com |
| 02/07 Online
Trading For Expats, Investors Offshore special feature |
| 29/06 EC
To Extend Common System Of VAT, Tax-News.com |
| 28/06
Lowtax Dubai, annual update |
| 25/06 Jersey
Considers Tax Future, Tax-News.com |
| 22/06 VAT
Hiked In UK Emergency Budget, Tax-News.com |
| 21/06 Steady
Progress In TPP Negotiations, Tax-News.com |
| 18/06 Singapore
- Another Hong Kong?, Investors Offshore special feature |
| 15/06 Swiss
Parliament Approves UBS Agreement, Tax-News.com |
| 14/06 Ethical
Moonshine, Penelope Wise blog entry |
| 11/06 Germany
Purchases Stolen Tax Data Disc, Tax-News.com |
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08/06 Dubai
Full PBTG Guide, added to Personal Business Tax Guide |
| 07/06 G-20
Shelves Global Bank Tax, Tax-News.com |
| 04/06
Lowtax Panama, annual update |
| 01/06
Lowtax Luxembourg, annual update |
| 31/05
OECD And EU Strengthen Tax Cooperation, Tax-News.com |
| 28/05
Lowtax Guernsey, annual update |
| 25/05
Lowtax Jersey, annual update |
| 24/05 Lithuania
Summary PBTG Guide, added to Personal Business Tax Guide |
| 21/05
Lowtax Liechtenstein, annual update |
| 18/05 Latvia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 17/05 Offshore
And The Euro, Jeremy Hetherington-Gore blog entry |
| 14/05 IO
Focus: Barbados, Investors Offshore special feature |
| 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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| Labuan Targets 50,000 Companies By 2012 |
by Mary Swire, Tax-News.com, Hong Kong
Friday, July 18, 2008
The Labuan Offshore Financial Services Authority (Lofsa) is aiming to have
50,000 companies registered in the financial centre by the year 2012, Malaysia's
Deputy Finance Minister Datuk Ahmad Husni Hanadzlah, announced recently.
Ahmad made the comment as he wound down a debate on the Labuan Offshore Financial
Services (Amendment) Bill 2008 in parliament on 24th June, explaining that Labuan
would reach its target by focusing on niche areas such as private equity and
Islamic finance, the Edge Daily reported.
According to Ahmad there were 6,425 offshore companies registered in the Labuan
Financial Centre as of March 2008. There were also 58 banks with total assets
of USD26.6bn, 132 insurers with more than USD60mn in capitalisation, 106 leasing
companies with USD16bn in leases, 22 fund management companies and 46 listed
instruments worth USD16.1bn.
The Labuan Financial Centre was recently rebranded and relaunched as the Labuan
International Business and Financial Centre (IBFC), a name which aims to be
more reflective of Labuan’s new focus. In May, a new company - Labuan
IBFC Incorporated Sdn Bhd, (Labuan IBFC Inc) - was established, fully-owned
by LOFSA, with the responsibly for promoting Labuan as an international financial
centre.
Having gone through a period of rationalisation, Labuan has ambitions to become
Asia’s "connected, convenient and cost-efficient offshore financial
centre."
Other recent developments include the publication of an Exposure Draft in February
to provide guidance on the requirements to be observed by all offshore trusts
created under the Labuan Offshore Trusts Act 1966 (LOTA) and managed under
Shariah principles. The Exposure Draft aims to ensure that Shariah compliant
offshore trusts created in the Labuan IBFC are based on necessary requirements
under LOTA and Shariah principles.
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| THE LOWTAX LIBRARY
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