Sovereign Report – Issue 32

Content Summary

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Download a copy of Issue 32

1. European News
   • Former Deutsche Post chief executive convicted of tax evasion
   • HMRC to offer second Offshore Disclosure Facility
   • UK Budget to pile more tax on trusts
2. USA & Caribbean News
   • G20 urges sanctions against non-cooperative jurisdictions
   • US targets 52,000 hidden UBS accounts
   • US firms head for Switzerland
3. Far East News
   • Hong Kong and Singapore to adopt OECD transparency
   • Dubai International Financial Centre issues SPC regulations
   • JITSIC makes tax avoidance a key issue
4. Legal News
   • Gibraltar wins crucial European tax challenge
   • HMRC wins residence appeal in Grace case
   • ECJ rules on charity gifts
5. Fiscal News
   • Bank secrecy jurisdictions pledge to cooperate on tax data exchange
   • Cyprus is Europe’s most attractive tax regime, survey finds
   • British couple wins CGT refund from Spain
   • Europe tightens VAT net on luxury yacht owners
   • Swiss Canton ends tax breaks for wealthy foreigners
   • Switzerland-UK tax treaty protocol comes into force
6. Special Report
   • QROPS – The Exportable Pension