In Comment, Howard Fisher and Alexander Fisher begin their exploration of the Wesley Snipes case, in which Mr Snipes was indicted for tax fraud and failure to file returns. In Part 1, they will describe the theory behind the so-called ‘Section 861’ argument.
Our feature for Issue 185 is Investment in which Iraj Pouyandeh assesses the impact of the slow down in the economy on the global financial system and Peter O’Dwyer explains the significance of Shari’a funds in the global economy and discusses the future of such funds.
We focus on a number of jurisdictions in this issue, namely:
BELIZE – Christopher Coye discusses the emergence of Belize as one of the best offshore choices over the past decade, focusing on the attributes and comparative advantages of the Belize International Business Company.
PANAMA – Franzela Llerena Launsett reveals how Panama has become a ‘hot spot’ for those seeking a second residence and highlights the more popular ways to acquire residency in this jurisdiction. Ricardo Cambra La Duke explores the use of the Private Interest Foundation in estate planning, and outlines its advantages as an asset protection structure.
UK – Reviewing the impact of the Budget and the proposed tax measures for non-UK domiciliaries, Stuart Skeffington and Julie Ferguson discuss the possible effects of the new rules which apply from 6 April 2008.
BERMUDA – Anthony D. Whaley reveals the upcoming legislative changes taking place in Bermuda and how this will facilitate product innovation within the hedge fund industry.
MAURITIUS – This article focuses on the legislative and regulatory developments as they apply to the global business sector within the Mauritius International Financial Services Centre. Suzanne Gujadhur Bell provides a technical overview of the updated requirements for global business companies and the user-friendly regime for investment funds.
Regular features include World Report, The File, Langer’s Treaty Notes, Investment Indicators, Latin Letter, and Kleinfeld says...
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