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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.

 
02/09 New Lowtax Editor Column, by Kitty Miv
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
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
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!
Providing essential tax news and information for globally mobile artists, contractors, entrepreneurs, professionals, small businesses, sportspersons and entertainers.
 

 
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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.
 
Nevis Ready To Become Major Player In Financial Services

by Phillip Morton, Investors Offshore.com Tuesday, February 09, 2010

At the Nevis Financial Services Regulation and Supervision Department conference “Compliance Requirements – The Changing Landscape”, which received a record attendance from the island’s financial services providers, Nevis’s Finance Minister Laurie Lawrence reiterated the government’s commitment to establishing the territory as a major international player in the world of financial services.

“I want to assure service providers that the government will not give up in its quest to make Nevis a major player in the financial services industry. We believe that here is still potential for growth in the sector although success will require creativity and imagination.”.

Lawrence observed opportunities for tax planning providers as a result of developed countries’ efforts to reign in their budget deficits through tax hikes. He also pointed to the global shift in wealth, from Europe and North America, to Asia and South America, which he observed would open up new markets, but in turn increase competitiveness.

“With the growth in technology, service providers will no longer focus on any one or two jurisdictions. They will spread their wings across the globe. Centres will continue to increase resulting in greater competition for the available opportunities. The more competitive it becomes the harder it is and the best jurisdictions will do well,” he said.

With this in mind, Lawrence said the Nevis Island Administration (NIA) would continue to amend the island’s legislation to meet the needs of its customers but would not sacrifice quality.

“We will continue to adhere to global regulatory and transparency standards, and also aggressively pursue new markets. We are already working with the federal government to appoint honorary consuls in strategic areas across the globe to facilitate the processing of documents. We are also exploring the possibility of contracting out the Registry to a private entity that could upgrade the technology and make our service more competitive, in terms of speed and efficiency.”

“We are studying potential growth in areas such as insurance, intellectual property and ship registration to seek out opportunities. These are just some of the areas we are working on presently, to ensure the sustainability of this important sector. So we are not giving up, we are not going to throw in the towel so we are going to have to work harder,” he said.

Lawrence acknowledged that the NIA could not do it alone, and called for continued cooperation with service providers on the island, to promote and develop the sector. He told the participants that they had the direct experience and as such, the Administration would continue to solicit their views and advice as they forged ahead.

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