Most of China’s pledge of $60 billion in Africa investments announced at the Forum on China-Africa Cooperation hosted in Johannesburg from December 4-5, last year; which attracted delegations from 50 African countries, and the African Union; will come in loans and export credits. Only $5 billion is to be in the form of grants and… More Will BEPS Affect China’s $60B Africa Investment Programme?
According to Appleby’s latest “On the Register” report, which provides insight and data on company incorporations in offshore financial centers, company formations in both London and Hong Kong are well above those recorded in 2009. In fact, Hong Kong, as a comparator, saw a 9 percent increase in the total number of active registered companies, with… More Offshore Company Formation is Still Big Business
Your summary of the biggest tax, trade and investment headlines affecting International Business and Financial Services. Usain Bolts To UK Tax Haven Mayor of London Encourages EU Banks to Flee Financial Transactions Tax. Why Regulatory Action and Criminal Investigation is Good for OFCs PayPal Unveils the Modern Spice Routes Let Them Remit! Singapore Loosens Switzerland’s… More franhendy’s OFFSHORE WEEKLY
Your summary of the biggest tax, trade and investment headlines affecting International Business and Financial Services. US Blocks G20 Crackdown on Web Giants Tax Avoidance FATCA: How to Lose Friends and Influence People France May Back-Peddle on Internet Companies Tax EU Interested in FTA with Latin American Countries First Round of EU-US Trade and Investment… More franhendy’s OFFSHORE WEEKLY
At the 11th hour the U.S Treasury has postponed FATCA registration and withholding again. According to Treasury officials: “The FATCA registration Web site was scheduled to open on July 15, but that date has been pushed back until August 19, which will allow financial institutions more time to begin testing the process and entering information.”… More BREAKING NEWS: U.S Treasury Delays FATCA Again!
(Image courtesy the Guardian) …and confusion reigns! The on-line portal for foreign financial institutions (FFI) to register for FATCA set up by the U.S Internal Revenue Service goes ‘live’ on July 15 but the sign-in instructions have still not been finalised. Thousands of banks, insurance companies, investment funds and other FFIs with U.S. customers are required… More FATCA Registration Begins in 6 Days…