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UK ‘Shatters’ Tax Secrecy of Offshore Territories

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May 2, 2018

  The tax secrecy practices of Britain’s Overseas Territories have been “shattered” by the UK government, which in a dramatic turn of events, put its support behind an amendment that will introduce public ownership registers.   In the House of Commons today (1 May) foreign office minister Alan Duncan said the government would not oppose… Read More ›

Week 15 2018 – In Review

  Stocks recorded solid gains and reversed the previous week’s losses. Markets remained volatile, however, as investors appeared to remain focused on the turbulent political environment rather than the upcoming release of first-quarter corporate earnings reports. The Nasdaq Composite Index performed best, helped by a rally in Facebook shares as investors seemed to react favorably… Read More ›

Market Wrap Q1 2018

  The first quarter of 2018 has been one of the most challenging quarters for global asset markets since the 2008 Financial crisis. However, despite falling asset values in most developed and developing markets the global economic picture remains healthy with robust growth figures being reported worldwide.   North America After a substantial rally in… Read More ›

Week 14 2018 In Review

  Trade Tensions Continue to Influence Markets The major benchmarks ended lower after another week of significant volatility. Heightened trade tensions between China and the US continued to dominate sentiment during the week. Stocks sold off sharply on Monday, following China’s announcement that it would retaliate on US aluminum and steel tariffs with $3 billion… Read More ›

Week 13 2018 In Review

  US Overview Stocks recovered a portion of the previous week’s steep losses and recorded solid gains. The week was notable for a sell-off in high valuation technology companies, however, which caused the Nasdaq Composite to lag the other benchmarks. A steep drop in Amazon caused the consumer discretionary sector to join technology and energy… Read More ›

US to Shut $11bn Offshore Voluntary Disclosure Programme

Courtesy of International Adviser   The disclosure scheme that allows US taxpayers hiding offshore accounts to come clean and face more lenient penalties will close in September 2018, the Internal Revenue Service (IRS) announced this week. The IRS said it will start ramping down the offshore voluntary disclosure programme (OVDP) and end it on 28… Read More ›

Week 11 2018 In Review

  Stocks fell modestly for the week after a Friday rally broke a four-day losing streak for the Standard & Poor’s 500 Index and partially compensated for earlier losses. Small- and mid-caps outperformed larger shares. Within the S&P 500, utilities and real estate shares fared best, helped by a decline in longer-term Treasury yields, which… Read More ›

Week 8 2018 – In Review

  Most of the major indexes ended the holiday-shortened week with modest gains. The technology-heavy Nasdaq Composite Index performed best, helped by strength in semiconductor stocks early in the week. Positive results from Hewlett-Packard gave a further boost to tech shares on Friday. Utilities and materials stocks also performed well, while real estate shares lagged…. Read More ›

Week 7 2018 – In Review

  US Markets – Worst week in two years is followed by Best week since 2013 Stocks carried over the momentum they had recaptured the previous Friday and recorded their best weekly gain since early 2013. The Nasdaq Composite performed best, helped by solid gains in the stocks of Apple and networking equipment maker Cisco… Read More ›

Week 6 2018 – In Review

  Stocks Endure Worst Week in Two Years Stocks suffered their worst weekly decline in two years as investors appeared to worry about rising interest rates and elevated valuations. The major benchmarks fell largely in tandem, and all entered correction territory, declining 10% from their recent highs (the S&P 500 was still up over 13% from… Read More ›