Europe
Guernsey fiduciary strikes UAE strategic partnership
Louvre Group has formed a strategic alliance with M/HQ Dubai to enhance its specialist fiduciary services offering from the United Arab Emirates.
PEOPLE MOVES: Rothschild, Moore Stephens, Fidelity Int’l
A BlackRock alum has joined Edmond de Rothschild Asset Management as global head of business development. Accountancy network Moore Stephens has launched a US tax offering in London and appointed a triple qualified tax specialist to head it up. Fidelity International has lost a 13-year veteran.
Lombard Int’l buys HSBC Life Assurance portfolio for €1
HSBC Life Assurance (Malta) has entered into a portfolio transfer agreement with Lombard International Assurance to sell part of one of its insurance portfolios for €1 (£0.89, $1.16).
The name’s Bond, Offshore Bond: UK policyholder beware!
Should a European policyholder (assuming that they are also the life insured) become UK tax resident, the question arises of how foreign insurance bonds are taxed in the UK writes Mara Monte, associate in Withers’ Private Client and Tax team.
Jurisdictions face critical EU tax haven blacklist test
A ‘substance’ test that determines whether actual business activities of offshore structures take place in a jurisdiction could be the make or break factor for 53 countries facing the prospect of being added to an EU-wide tax haven blacklist.