Guernsey
United Kingdom | 17 Feb 16
Blame for Jersey and Guernsey downgrades pinned on Brexit
Jersey and Guernsey have both blamed a possible ‘Brexit’ for Standard & Poor’s recent ratings downgrade despite S&P pointing to the G10’s rising focus on low-tax regimes and the impact that may have on their financial services sectors as the driving force behind its decision.
Jersey and Guernsey removed from Italian blacklist
Jersey and Guernsey will no longer appear on Italy’s tax blacklist, after the Italian parliament revised provisions in the country’s tax code relating to blacklists on corporate taxation and controlled foreign companies (CFC) rules.
EEA investors critical of redemption payment plan
A group of investors in the troubled Guernsey-based EEA Life Settlements Fund have criticised plans by its directors to make redemption payments to holders of its Run-Off shares.
Guernsey Finance to open Hong Kong office
Guernsey Finance is to establish a representative office in Hong Kong in the first quarter of next year.
Guernsey fund business sees uptick
The total value of funds business in Guernsey grew by £4.9bn (2.2%) during the third quarter of the year, with closed-ended funds showing the strongest rise.