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Offshore Tax Haven Marshall Islands to Issue National Cryptocurrency

01 Mar
Marshall Islands

Marshall Islands Govcoin ICO The Republic of the Marshall Islands plans to issue its own cryptocurrency as an official legal tender, to be known as the Sovereign. The local parliament voted this week to proceed with the issuing plan, Kenneth Kedi, a senator and the body’s speaker, said in a Bloomberg interview. A council still has […]

Balanced Growth in Singapore as Economy Gathers Pace

21 Feb

More individual investors from Japan, Australia, Indonesia, the UK and France set sights on Singapore SINGAPORE, Feb. 21, 2018 /PRNewswire/ — Singapore ended the year positively with 14,115 new businesses formed in Q4 2017, according to data presented in Hawksford Singapore’s latest research report, Singapore New Business Trends Report Q4 2017. Despite a 10.7% decline quarter-on-quarter (QoQ), Hawksford Singapore noted […]

Panama’s Ministry of Economy and Finance Presents to National Assembly Landmark Legislation to Criminalize Tax Fraud

20 Jan
Panama City

President Varela’s Administration presented the bill as part of its ongoing commitment to greater financial transparency and international standards PANAMA CITY, Jan. 19, 2018 /PRNewswire/ — Panama’s Ministry of Economy and Finance presented yesterday to the National Assembly new landmark legislation to include tax fraud in the Country’s Criminal Code, which, if passed, will represent the latest in […]

Macau to leave tax haven ‘blacklist’ after complying with EU rules

16 Jan
Macau to leave tax haven ‘blacklist’

Macau is soon to leave the European Union’s (EU) tax haven ‘blacklist’. This change is part of a proposal on the part of EU officials which aims to remove eight out of 17 jurisdictions from the list, which was most recently updated last month. Under the proposal, several news agencies reported that problematic jurisdictions – […]

Why the Isle of Man is NOT a tax haven

16 Nov
beach at Douglas, Isle of Man, at Dawn - Is it a tax haven?

Forty-two years ago when former assessor of income tax Mark Solly published ’The Isle of Man: Anatomy of a Tax Haven’, tax havens were places where there was lower taxation than you had at home, where you could set up your trading company or family trust or even move in yourself. The motivation of those […]

The Financial Centre of the Year (Mena)

15 Nov
Abu Dhabi Global Market (ADGM), the International Financial Centre

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is awarded “The Financial Centre of the Year (MENA)” for 2nd consecutive year by the Global Investor/ISF publication at the annual MENA Capital Markets Summit & Awards in Dubai. This accolade, presided by a prestigious independent panel of industry judges, recognises ADGM for […]

What Puerto Rico Tells Us About Global Trade

10 Oct
Puerto Rico flag

Trade in tax often trumps trade in tasks. The United States compiles data about Puerto Rico’s trade with the world. The largest supplier of imports to Puerto Rico? Ireland. The second largest? Singapore. Tax trumps gravity, it seems. Incidentally, Switzerland jumped into third place in the 2016 league table, leaping past other exporters of chemicals and Puerto […]

How To Invest In Bermuda

09 Oct
Bermuda Boat

Why Invest In Bermuda? Bermuda is an island nation in the Atlantic Ocean that is known for its resorts and also as an offshore financial hub. With a population of just 65,000 people, its economy is small and so most investors would not even consider Bermuda as an investment destination. However, in its transformation into […]

Gibraltar Prepares For Regulation Of Cryptocurrency Exchanges And ICOs

26 Sep
HMS Somerset at Gibraltar

On Friday, the Gibraltar Financial Services Commission released a warning about investment in token offerings (ICOs). Presently, the supervisory agency is weighing legal guidelines for the crowdfunding mechanism. In January 2018, the GFSC will institute a regulatory framework for firms that manage others’ assets using distributed ledger technology. On September 22, 2017, the Gibraltar Financial […]

Cyberport and Hong Kong Monetary Authority lead Hong Kong’s largest FinTech Delegation to London

19 Sep
Hong Kong Monetary Authority - Tech, Processor, Computers, Motherboard, Technology

HONG KONG, Sept. 20, 2017 /PRNewswire/ — Hong Kong Cyberport (Cyberport) and the Hong Kong Monetary Authority (HKMA) bring the largest FinTech delegation to London from 19 to 21 September to expand partnership network for FinTech industry players between the two cities. This is part of the annual ICT delegation co-organised by Cyberport and the Hong Kong Information Technology […]