News and Blog

20pc of big businesses to consider offshore?
The research by TNS-BMRB also showed that 64pc of large companies felt that the red-tape burden had increased over the past 12 months. According to an analysis of the research by UHY Hacker Young, the accountancy group, the report indicated that businesses thought HMRC was becoming less transparent in its decision-making.


STEP report tax abuse
A worrying lack of basic measures to protect taxpayers from abuse when governments exchange tax data has been highlighted in a new report by the Society of Trust and Estate Practitioners (STEP), the worldwide professional body for those advising families on trust and estate planning.


Fears mount over changes to zero-10 tax regime
Fears are growing in the UK’s Crown Dependencies that changes to the current zero-10 tax regime could damage their economies and hence the creation of new offshore finance jobs.


HSBC to review London HQ as Osborne's levy hits banks
HSBC to review London HQ as Osborne's levy hits banks London-based HSBC is to review the long-term location of its headquarters next year, in a move that will spook the coalition, which is sensitive that its proposed banking levy has infuriated the industry.


HR just doesn’t max
HR departments 'failing to maximise people...European businesses are failing to maximise profit from their investment in people, it has been reported.


Overqualified... and Out of Work
Here is why and how some offshore finance executives take the delicate step of applying for smaller jobs than they previously held.


Luxembourg Adopts Anti-Crisis Bill
During a recent meeting, Luxembourg’s governing council adopted the draft law introducing tax measures relating to the financial and economic crisis. The bill aims to implement tax measures designed to balance the public finances and to introduce a new levy, namely a ‘crisis contribution’.


What’s up in Malta?
We cannot ignore the economic crisis across Europe and the wider world. Although I wish it were otherwise, it is the main issue affecting all our lives at present.


Fund Managers See Credit Crisis Winding Down
Approximately one-third of private equity firm managers believed that the credit crisis was resolved in 2009, while an additional 10 percent predicted that market weakness would dissipate before the second half of this year.


Offshore Banking under continued pressure
Increasing political pressure, stricter regulations and individual government initiatives within Europe and the United States have put offshore private banking "under significant pressure", but the picture is much more mixed than many realise, a McKinsey survey says.


Jersey and China?
The tax advantages of using an offshore jurisdiction tend to be accepted as the main reason for going offshore. However, reputation and regulation are equally important.


William Hill jobs offshore to Gibraltar
Bookmaker William Hill is closing one of its UK call centres and outsourcing jobs at another as it takes its telephone betting service offshore in a move that will affect 400 British workers.


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