Meeting with the UK Prime Minister, David Cameron ahead of the G8 summit, Guernsey’s chief minister, Peter Harwood has defended the domicile’s international tax credentials.
The American Council of Life Insurers has defended the value of captive insurance in the face of criticism of so-called ‘shadow insurance’ levelled at the life sector by the New York regulator.
Gary Osborne, president of USA Risk Group, told Captive International that he expects up to 50 percent of newly formed captives will select their home state over even the most established domiciles.
The Monetary Authority of Singapore (MAS) has announced its intention to “significantly” strengthen its framework for tax cooperation and ending cross-border tax offences.
Guernsey has strengthened its international tax credentials with the signing of a double taxation agreement (DTA) with Luxembourg, the eighth full DTA signed by the Island.
All legal processes for the merger of Business Bermuda and the Insurance Development Council into the Bermuda Business Development Corporation (BBDC) were completed on Friday.
Guernsey’s tax standards have been endorsed by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes.
Guernsey has signed a double taxation agreement with Qatar in a move that will cement growing commercial ties between the two domiciles.
SAP has announced a new programme that will ease the scramble to redesign infrastructure and retrain staff to cope with regulatory demands.
During a speech at the 2012 Cayman Captive Forum, Mark Scotland announced the passing of a new regulations under the Cayman Islands Insurance law (2010), including the fee schedule for captives.