Sovereign Report – Issue 17

Content Summary

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Download a copy of Issue 17

1. European News
   • Maltese Budget sets out financial sector plans
   • Portugal intensifies tax fight
   • Isle of Man Companies Amendment Act comes into Force
2. USA & Caribbean News
   • Antigua and St. Vincent suspend OECD commitment
   • Bahamas Investment Funds Act comes into force
   • KPMG accused over tax shelters
3. Far East News
   • China and Hong Kong sign Closer Economic Partnership Arrangement
   • Indian Supreme Court rules on tax treaty with Mauritius
   • Hong Kong views exemption for offshore funds
4. Legal News
   • Hong Kong Court gives anti-avoidance ruling
   • Guernesey Court penalises trust company
   • FATF sanctions Myanmar
   • OECD removes Nauru
5. Fiscal News
   • Swiss agree outline deal with OECD over tax practices
   • EU to amend mutual assistance
   • UK Revenue targets offshore subsidiaries
6. Special Report
   • Cayman commits to EU savings tax Directive