Sovereign Report – Issue 1

Content Summary

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Download a copy of Issue 1

1. European News
   • Gibraltar: Deposit guarantee
   • Isle of Man: LLC Amendments
   • UK: GAAR support withdrawn
   • UK: The Edwards review
   • Ireland: IRNRs abolished
2. USA & Caribbean News
   • UK Overseas: White Paper
   • St. Vincent: New laws approved
   • Anguilla: Acorn on stream
   • Belize: Offshore package tabled
   • BVI: 1,400 mutual funds registered
   • Nevis: New licensing requirement
3. Far East News
   • Singapore: Banking liberalisation
   • Hong Kong: Basic law questions
   • Cook Islands: Trusts amendments
   • UAE: Abu Dhabi free trade zone
   • Seychelles: Mutual funds Act
4. Legal News
   • Italy: Pavarotti residence case
   • Bermuda: Thyssen privilege case
   • UK: Foreign revenue not inforced
   • Bahamas: Free-standing Mareva
   • Hong Kong: Anti-avoidance ruling
5. Fiscal News
   • Denmark: Holding company regime
   • Malta: Tax treaty with Denmark
   • Cyprus: Tax treaty with South Africa
   • Cyprus: Tax treaty with Russia
   • Ireland: New withholding tax
6. Special Report
   • Gibraltar & the OECD
   • Group adviser John L. Hodgson examines the issues