United Kingdom
Investment | 9 Mar 15
Isle of Man to facilitate insurance-linked deals
The Isle of Man has announced the launch of its Insurance Special Purpose Vehicle (ISPV) legislation to cover transactions involving catastrophe bonds, industry loss warranties and other collateralised reinsurance structures.
Avoidance promoters to face 1m fines over
HM Revenue & Customs has ramped up the rules around tax avoidance schemes with “high risk” promoters now facing fines up to £1m.
United Kingdom | 9 Mar 15
Kreston Pensions appoints London consultant
Isle of Man-based pension provider Kreston Pensions has strengthened its London ties with the appointment of a new consultant.
Tax & Regulation | 24 Feb 15
Jersey chief minister disappointed at Miliband
Jersey’s chief minister Ian Gorst has formally expressed his “disappointment” with statements from Labour Party leader Ed Miliband about tax transparency and disclosure efforts by UK overseas territories.
Eclipse ruling A victory against
Hacker Young’s Michael Avient takes a look at the implications of HMRC’s victory against Eclipse on tax avoidance court cases.