Archives > 2007-10

Minister Luc Frieden was invited last May 2007 to participate to the annual assembly of the ALPP (Association Luxembourgeoise des Professionnels du Patrimoine), which is a non-profit organisation that includes over 100 independent companies , established in Luxembourg. What was said is perfect illustration of the fact that in Luxembourg business is business without shame but with governmental support. " We are loosing business and many clients are discouraged. It is necessary to renew and inject dynamism into the financial center ", the Chairman said. " Should a large financial...

Last Friday the Isle of Man confirmed that its tax system, which it claimed complied with the requirements of the EU Code of Conduct for Business Taxation, has failed to secure the approval of the European Commission. As the Isle of Man press release on the issue said: The EU Code Group met on 16 October 2007, and considered the DPC. It considered the DPC only and not the Isle of Man’s...

The majority of Maltese believe it is very easy to evade income tax and conduct undeclared work, according to a new EU survey. It is interesting to observe that data are not available in Ireland...

Ther FSA communicates on crime so do auditors in the UK contrary to a financial center like Luxembourg that as yet more offshore assets than the UK but does not care of the credibility of its...

The Financial Services Authority has worked to reduce financial crime since its creation. From 15 December 2007, the anti-money laundering controls of leasing companies, commercial finance...