During the past decade over 5.5 million Brits have left the UK in search of a better life overseas. Many have been financially hit hard by the recent economic downturn and the weakening on the British pound. It has had a huge impact on incomes of those who rely heavily on a British pension or … Read more
The Chinese metals industry – a roundup of 2008 and the outlook for 2009 The year has been a rollercoaster ride for most industrial metals, culminating in sharp price drops as the global financial crisis gripped major economies. As the world’s largest consumer and producer of metals, China’s demand was the main factor behind skyrocketing … Read more
With so much economic doom and gloom surrounding us, it makes sense to batten down the hatches and protect your assets. If your assets are scattered about and are not protected, your liabilities could be laid wide open and your financial situation and personal security could be put at risk. However, an offshore trust can … Read more
Tax Haven A tax haven is a place where private individuals place their assets in a foreign jurisdiction in order to protect themselves from high income taxes and currency conversion rates. Tax havens have a negative connotation as having associations with illegal activities. In reality, people looking for legitimate international tax planning opportunities employ tax … Read more
Senior figures from the international banking industry have been meeting with high-ranking officials from within the Obama administration to express their concern over proposals to strengthen the Qualified Intermediary (QI) program. The QI program was established in 2000 to encourage foreign banks to report details of their US clients to the US Internal Revenue Service … Read more