Americans living in Canada who owe back taxes to the US may be about to get a break from the Internal Revenue Service, the Toronto Globe and Mail is reporting, citing as its source the US ambassador to Canada.
Nikko Asset Management has postponed its proposed flotation on the Tokyo Stock Exchange, owing to heightened market volatility.
The deVere Group has announced that it will sponsor the British Rugby Club of Paris.
The prime driver behind the investment goals of ultra high net worth individuals is, by far, the securing of financial security for their families, a survey of UK-based international advisers with such clients reveals.
International law firm Clyde & Co has made two appointments at its offices in the Middle East.
Financial advisers and other providers of investment products in Singapore are beginning to conduct customer knowledge assessments of all their retail clients, ahead of a 1 Jan, 2012 deadline.
Barclays Wealth has appointed Carol Chen to head its recently-created Greater China desk in Singapore.
The European Council of Ministers failed to vote as expected on the recently-revised zero-10 tax regimes of Jersey and the Isle of Man, after they were removed from ECOFINs agenda for its meeting yesterday.
Jersey has granted Abu Dhabi Commercial Bank a licence to operate on the island, through a managed bank arrangement with AIB Jersey.
Guernsey chief minister Lyndon Trott told a States Assembly meeting this morning that the government welcomed a formal review of the islands zero-10 corporate tax regime by the EU Code of Conduct Group, which he said would now take place.
Julius Baer has opened a representative office in Shanghai, as it looks to expand into China.
ECOFIN is expected today to formally adopt recommendations made to it by the EU’s Code of Conduct Group on Business Taxation, on the recently-revised zero-10 tax regimes of Jersey and the Isle of Man.
