Investing abroad has been a fundamental part of institutional investor’s strategy for quite some time now, but now globalization of financial markets has given the traditional investor a chance to take advantage of the opportunities abroad. Over the last few years, especially since the U.S. recession in 2001-2002 when U.S. equities struggled, investors have looked for opportunities elsewhere.
Decades after becoming Europe's number one tax haven, Monaco is to start collating and publishing figures showing it's GDP for the first time. YourMonaco.com, who produce an independent travel guide for Monaco and Monte Carlo, say that those who are considering moving to Monaco because of her zero income tax policy have nothing to worry about.
The SEC estimates there are 8,800 hedge funds operating in the US but, because they are usually incorporated offshore, it is impossible to be certain. Last month an appeal court threw out a rule requiring funds with more than 15 clients, or $30m, to register with the regulator. Ruling on a lawsuit brought by Philip Goldstein, the manager of the hedge fund Opportunity Partners, the court said the requirement was arbitrary.
Continue reading " SEC calls for tighter rules on hedge funds"
Government officials hope the recently launched Bahamas Government Online Initiative will clear the way for the country’s laws to be online within days. It’s considered important to help citizens and foreigners speed up their decision making for such things like investments.
QUESTION: In foreign trusts, it is not unusual to give the trustee the authority to capitalize undistributed income (including capital gains). Does that in effect cause the “undistributed income” to become ”trust corpus/principal” and therefore avoid being treated as ”accumulation distribution”—under U.S. regulations ?
Caterpillar Profit Per Share 41 Percent Higher Than Second Quarter 2005; Full-Year Outlook Increased
Second-quarter sales and revenues and profit were the highest for any quarter in Caterpillar's history and strong demand continues in key industries.
The European Commission has ordered Luxembourg to repeal its preferential tax regime for financial holdings by the end of the year. The commission said the scheme gives unjustified tax advantages to providers of certain financial services with holding companies in Luxembourg.
Continue reading "EU Orders Luxembourg to Repeal Tax Breaks"
Editorial Review
Why invest abroad? Today, growing numbers of investors are convinced that the U.S. is no longer the land of safety or opportunity when it comes to investments. They recommend that you research the country to which you entrust your holdings as carefully as you do your broker, banker, bond ratings or any investment.
Metals continue the bull run. We expect to see $700 on gold in the very near future. Geopolitical and world economic events coupled with the normal supply and demand equation have this market poised to make a run at the infamous Hunt Brothers high back in the early 80’s.
The Brazilian Senate has rubber stamped an executive decree which will remove capital gains tax for foreign investors in domestic government bonds. The law, due to be signed by next week by President Luiz Inacio Lula da Silva, will mean that foreign investors are exempt from the 15% tax.
It emerged this week that the Channel Islands Stock Exchange (CISX) has experienced significant interest from tax advisers and fund management companies in using the CISX for the listing of UK REITs when they are introduced next year.
As the current secular bull market in commodities enters the next phase of its life, it is worth reflecting on the different ways to play the market. There are, in essence, 3 distinct possibilities to enhance your portfolio with commodities plays: 1) Invest in futures contracts, 2) invest in companies that are involved with mining, energy, and agriculture, and 3) invest in the stock markets of commodity based countries.
Tens of thousands of investors with money tied up in offshore financial centres have been successfully exploiting loopholes in the new EU savings directive. Only €100m (£69m) was raised by Switzerland in the first six months of the new law’s operation. Over the same period, Jersey raised just £9m and Guernsey just over £3m.
Continue reading "Offshore Investors Beat EU Directive to Avoid Tax"
After centuries of lagging behind, Mexico seems to be headed on the right track, especially with the recent election of Felipe Calderon. Has Mexico set the foundation for its return to greatness?
The Cayman Islands Monetary Authority (CIMA) announced this week that the islands' hedge fund sector is continuing to boom, with an additional 665 funds having registered in the first five months of the year.
Jersey's fund sector grew by a stunning 50% in the last year and now services more than 1,000 funds with net asset value of GBP156 billion, reports Jersey Finance.
The key highlights across all sectors are as follows:
The United States and Switzerland signed on to an international treaty Wednesday intended to clarify what country's laws should govern in cross-border business deals with stocks, bonds or other securities. The two were the first to sign, but The European Commission advised EU members Wednesday to adopt the treaty, known as the Hague Securities Convention. In all, 64 nations helped draft the treaty and most have been working toward adopting it since 2002.
Europe's 14-year struggle to tax its citizens' offshore savings has flopped, after investors in countries such as Switzerland and Luxembourg exploited loopholes in a controversial savings law. In the first six months of the law's operation, Switzerland the world's leading offshore financial centre raised only €100m in withholding taxes on the vast savings held there by European Union citizens.
This week, Rydex introduced 6 new ETFs that will enable more investors to become involved in the ever expanding currency markets. Following the popularity of the Rydex Euro Currency Trust (NYSE: FXE) the company has launched ETFs that track the performance of the British pound (FXB), the Canadian dollar (FXC), the Mexican peso (FXM), the Australian Dollar (FXA), the Swiss Franc (FXF), and the Swedish krona (FXS). These products represent fantastic opportunities for the average investor to give themselves more global currency exposure.
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