Sovereign Report – issue 3

Content Summary

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Download a copy of Issue 3

1. European News
   • Gibraltar: New Ordinances
   • Isle of Man: New fund category
   • Jersey: Edwards Review endorsed
   • Cyprus: Tax treaty with Belgium
   • Malta: PIFs expanded
2. USA & Caribbean News
   • UK Overseas Territories: Independent analysis commissioned
   • Bahamas: Proceeds of crime ordinance
   • Turks & Caicos: Shipping Law
   • United States: BoNY staff indicated
   • BVI: Anti-money laundering Code
3. Far East News
   • Mauritius: Companies Act proposed
   • Hong Kong: Financial recoivery plan
   • Malaysia: Virtual global exchange
   • Seychelles: Tax treaty with China
4. Legal News
   • US: US trader jailed over trust
   • Bermuda: Thyssen trust case begins
   • UK: Appeal court upholds fraud rulings
5. Fiscal News
   • France: OECD targets tax havens
   • UE: Withholding tax plans delayed
   • UK: “Designer rate” tax regimes
6. Special Report
   • 2000 and Beyond
   • Howard Bilton examines the threats to OFCs and the future and the industr