Sovereign Report – Issue 12

Content Summary

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Download a copy of Issue 12

1. European News
   • UK deal with Spain on Gibraltar sovereignty delayed
   • FATF launches review of Forty Recommendations
2. USA & Caribbean News
   • Bahamas to review financial regulatory regime
   • UK Overseas Territories and Bermuda move forward on Financial Regulation
3. Far East News
   • Hong Kong confirms tax-free status of offshore funds
   • Singapore budget introduces major tax concessions
4. Legal News
   • Indian ruling renews threat to Mauritius tax treaty
   • Irish high court publishes Ansbacher report
5. Fiscal News
   • Gibraltar announces zero rate of company taxation
   • Isle of Man announces move to zero standard corporate tax rate
6. Special Report
   • Employee Benefit Trusts (EBTs) for UK Companies