With increasing demand from regulators and investors for the highest standards of corporate governance and stringent compliance with a growing list of complex regulations, more and more companies are turning to professional corporate service providers (CSPs) for expert help. In the recent past, there has been a rise in the regulatory responsibilities and requirements required […]
Why the SEC has suspended trading in Crypto ETFs
On Sunday, Sept. 9, the Securities And Exchange Commission (SEC) temporarily suspended trading in the U.S. shares of two investment vehicles that track cryptocurrencies, due to concerns of “confusion amongst market participants,” according to an SEC statement. The two products affected by the halt are the Bitcoin Tracker One (CXBTF) and the Ether Tracker One (CETHF), […]
Private Banks in China to Lead in Asia
China’s private banks, led by CMB and ICBC, will soon surpass rivals such as UBS and Citigroup in assets under management (AUM) in Asia, reflecting the nation’s rapid proliferation in personal wealth and its mushrooming network of high net worth individuals. AUMs at China’s private banks have surged an average 31% a year since 2012 […]
Trump outlines major tax cut plans
US President Donald Trump has called for major tax cut as part of a longstanding Republican effort to overhaul the US tax system. A framework released by Republicans calls for lowering the tax rate for corporations from 35% to 20%, among other changes. The president said the revamp will make the US more competitive and […]
India cracks down on directors of Shell companies
Directors of Indian Shell companies that have not filed tax returns for at least three years have been disqualified from re-appointment or from being appointed to similar roles elsewhere, India’s finance ministry said. The move, part of a crackdown on illegal transactions and tax evasion, comes a day after authorities froze the bank accounts […]
Can You Legally Avoid the EU Savings Tax Directive?
Are you a resident of the European Union, and have a bank account in another EU-state? Read on. What is an EU Savings Tax Directive? The EU Savings Tax Directive (EU STD) is an agreement between the EU Member States that came into effect on July 1st, 2005. The aim of the directive is […]
8 Reasons To Take Your Company Offshore
Offshore company outsourcing is a new business practice that continues to transform economies. Offshore outsourcing means relocating business functions from one country to another in order to achieve superior and constant performance in a relentlessly competitive marketplace. The greatest misconception about offshore business is tax evasion and hiding money from governments. No matter what you’ve […]
How To Set Up A Forex Brokerage Business
What is Forex? Forex brokerage trading market is the largest, most liquid market in the world. With an average traded value that exceeds 1.9 trillion dollars per day including all world currencies. Foreign Exchange is also known as ‘FOREX’, ‘FX’ or ‘the currency market’ is the market in which all world currencies are traded. The […]