11/01/2007
Liechtenstein Dialogue 2007 : Success strategies for international financial centers
Selected representatives from the fields of business, politics, and research met on 4/5 October 2007 for the 4th Liechtenstein Dialogue in Vaduz. The approximately 150 participants from different countries discussed the needs of the financial sector and future strategies for successful financial centers.
There is no support material available yet.
Read govermental communication
05:10 Posted in Liechtenstein | Permalink | Comments (0)
10/30/2007
Business is business without shame but with governemental support
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 center like ours exaggerate or be more lax with the risk of a couple of scandals. Yes we may have exaggerated some procedures but this was a general trend in Europe. I hope we have not done badly at that is still possible to go backward. I am ready to give up some requirements", Minister Frieden said.
The center is not lax enough compared to other centers and especially the United Kingdom and even Switzerland?
Read article in French
07:45 Posted in Luxembourg | Permalink | Comments (0)
10/29/2007
Non compliance of the code of conduct on business taxation :
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 ‘0/10′ taxation system for companies which conforms to the principles of the Code of Conduct. The DPC, however, was found by the EU Code Group not to conform to the principles of the Code of Conduct.
Read official press release
Read Richard Murphy's analysis
06:06 Posted in Isle of Man | Permalink | Comments (0)