Sovereign Report – Issue 7

Content Summary

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Download a copy of Issue 7

1. European News
   • Isle of Man: Corporate Service Providers Act
   • UK Overseas Territories: Response to KPMB review
   • Austria: Passbook accounts ended
   • Jersey: Financial Services (Extension) Law
2. USA & Caribbean News
   • Bahamas: New regulatory regime
   • USA: IRS guidance on deposit interest
   • British Virgin Islands: Financial Services (International Cooperation) Act
   • Panama: Anti-money laundering laws
3. Far East News
   • Hong Kong: Inland Revenue (Amendment) Bill attacked
   • Japan: OECD meets Pacific Island Forum
   • Hong Kong: Plans for Companies Registry
   • Seychelles: Commitment to OECD
   • Labuan: Plans for Islamic Money Market
4. Legal News
   • USA: Court ruling on offshore credit cards
   • Italy: Pavarotti charged with tax evasion
   • England and Wales: Residence abroad not absence for tax relief
   • Jersey: Distributions to Beneficiaries
5. Fiscal News
   • Netherlands: Kingdom tax treaty agreed with Netherlands Antilles
   • OECD: Consensus on e-commerce tax
   • Barbados: OECD/Commonwealth set up joint working group
   • EU: Tax talks sough with third countries
6. Special Report
   • A balanced Approach to Investment