UK Corporate Governance Code (formerly the Combined Code) sets out standards of good practice in relation to board leadership and effectiveness, remuneration, accountability and relations with shareholders.
NEWS
26 September 2012
According to Jersey Finance, Jersey has moved into the top twenty global finance centres and it has retained its top spot as the highest rated offshore jurisdiction in the latest Global Financial Centres Index (GFCI).
Jersey has moved up one place to 20th in the competitive rankings, the only offshore jurisdiction to feature and the only newcomer in the top twenty. The Index, which is published every six months, has ranked Guernsey in 28th place, the Isle of Man (40th) and Cayman (44th). London remains number one, followed by New York, Hong Kong and Singapore.
6 September 2012
US FATCA - Foreign Account Tax Compliance Act
The US treasury code amendments effective for payments after 31 December 2012 require all foreign financial institutions (FFIs) to enter into disclosure compliance agreements with the U.S. Treasury, and all non-financial foreign entities (NFFEs) to report and/or certify their ownership or be subject to the same 30% withholding.
This new reporting and withholding regime will ultimately impact: