A focus on Charitable Giving

Philanthropy a top priority for HNWIs

http://www.barclayswealth.com/insights/assets/pdf/Global-Giving-The-Culture-of-Philanthropy.pdf

The rise of the philanthropic adviser

http://online.wsj.com/article/SB10001424052748704243904575630593994827752.html

Interesting updates

Madoff trustee's major lawsuits over epic fraud
http://www.reuters.com/article/idUSN1114013920101211

CANADA - Why the trust beneficiaries lost in Garron and Antle

http://www.mondaq.com/canada/article.asp?articleid=117752

FATF - Money Laundering Using Trusts & Corporate Service Providers

http://www.kyc360.com/hot_topic/show/169

JERSEY - Foreign firms to start paying some tax

http://www.thisisjersey.com/2010/12/11/foreign-firms-to-be-caught-in-taxation-net/#ixzz17zYdOBVJ

EUROPE - Commission criticises Swiss tax regimes

http://www.tax-news.com/news/EU_Prepares_Fresh_Attack_On_Swiss_Taxes____46800.html

More news links to keep you updated!

USA - Obama in quandary over tax reliefs for high earners

http://www.washingtonpost.com/wp-dyn/content/article/2010/11/12/AR2010111206468.html

GIBRALTAR - Spain goes to ECJ over Rock's low corporation tax rate

http://www.international-adviser.com/article/spain-v-government-of-gibraltar-and-united-kingdom-hearing-on-tax-next-week

UK - New offshore compliance campaign may raise GBP10 billion

http://www.guardian.co.uk/politics/2010/nov/13/offshore-tax-evasion-crackdown-billions

UK - How to choose an offshore account

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/8109648/Expat-guide-offshore-deposits.html

HMRC's new computer targets tax avoidance on second homes

http://blogs.telegraph.co.uk/finance/ianmcowie/100008703/hmrcs-new-computer-targets-tax-avoidance-on-second-homes/

 

FRANCE - Sarkozy plans to scrap Wealth Tax

http://www.accountancymagazine.com/croner/jsp/Editorial.do?channelId=-305535&contentId=1732327

British Virgin Islands: The Steady Growth of Private Client Legal Services in the BVI

http://www.mondaq.com/article.asp?articleid=115126&email_access=on

Goldman Sachs just won't learn when it comes to bankers' pay

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8146210/Goldman-Sachs-just-wont-learn-when-it-comes-to-bankers-pay.html

 

News Digest

MAURITIUS - Island prepares for India's attack on offshore investors

http://www.thelawyer.com/direct-action/1006021.article

MADOFF AFFAIR - Cayman fund ordered to repay $1 billion

http://www.businessweek.com/news/2010-11-10/harley-a-madoff-feeder-ordered-to-pay-1-billion.html

TAX RESIDENCE - Tips for British expatriates

http://www.telegraph.co.uk/expat/8119639/The-top-10-tax-tips-for-globetrotters.html

CHARITABLE GIVING - Can private banks give fair advice to philanthropists?

http://alliancemagazine.org/en/content/banks-and-philanthropy-advice-are-there-dangers

United Kingdom: Offshore Operations - Overseas Tax

http://www.mondaq.com/article.asp?articleid=112272&email_access=on

United Kingdom: Professional Trustees: Use of Trustee Exoneration Clauses

http://www.mondaq.com/article.asp?articleid=114826&email_access=on

Premium Bonds: can you ever earn enough with Ernie?

http://www.telegraph.co.uk/finance/personalfinance/savings/8117682/Premium-Bonds-can-you-ever-earn-enough-with-Ernie.html?utm_source=tmg&utm_medium=article_8117682&utm_campaign=personalfinance1111am

News Round-up

Gibraltar: When the Past, Present and Future Meet
http://www.mondaq.com/article.asp?articleid=114262&email_access=on

MONEY LAUNDERING - Hasty tax amnesties carry ML risks, warns FATF

http://www.oecd.org/LongAbstract/0,3425,en_32250379_32235720_46252383_43383774_1_1_1,00.html

UK - Human rights appeal against retrospective tax bill for offshore planning

http://uk.finance.yahoo.com/news/it-consultant-handed-100-000-tax-bill-accuses-hmrc-of-violating-his-human-rights-tele-2fc1c57cf3ad.html;_ylt=ApdfaVcdHH93VAeOZX7ScxrBXGwF;_ylu=X3oDMTJkbzJzcmtzBHBvcwM0BHNlYwNtb3JlbmV3cy1jYXRlZ29yeS1jYXRlZ29yeS1wZXJzb2

INTERNATIONAL FINANCIAL CENTRES - IFCs have been scapegoated, says Manx treasury minister

http://www.gov.im/lib/news/cso/treasuryminister10.xml

CROSS-BORDER ENFORCEMENT - Businessman fights US-Australian tax investigators

http://www.businessspectator.com.au/bs.nsf/Article/ATO-warns-US-on-Lowy-probe-report-pd20101108-AYRZ5?OpenDocument

ARGENTINA - FATF criticises money laundering weaknesses

http://www.tax-news.com/news/Argentina_Catches_Up_On_Tax_Agreements____46174.html

A few news items of interest

First offshore financial centre in North Africa opened

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/8071619/First-offshore-financial-centre-in-North-Africa-opened.html

UK economy grows twice as fast as predicted

http://www.telegraph.co.uk/finance/economics/8087030/UK-economy-grows-twice-as-fast-as-predicted.html

Treasury to recover taxes from Swiss bank accounts

http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/8086393/Treasury-to-recover-taxes-from-Swiss-bank-accounts.html