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Jersey and Guernsey fall into line

Jersey and Guernsey will no longer be listed as unco-operative tax havens by the OECD after both have agreed to address their tax practices.

In June 2000 both Crown Dependencies were identified as tax havens by the international body. Both Jersey and Guernsey have undertaken to improve the transparency of their tax and regulatory procedures and co-operate with the OECD by the end of 2005.


Thrown into relief

In recent weeks, I have been looking at the deeper tax implications of commission rebates, cashbacks and discounts.As those of you who have been following this analysis will have discovered, the basic rules are not that difficult and are largely common sense. Ordinary retail customers are not usually assessable on any benefit they receive as […]

Over half of IFAs fear depolarisation threat

More than half of IFAs fear FSA changes to polarisation will be either a very significant or significant threat to their businesses, according to a survey conducted by Orc International.In an extensive survey of IFAs&#39 reaction to the regulator&#39s proposed changes to polarisation carried out exclusively for Money Marketing, 56 per cent say the result […]

Just 15% say they will make the move to multi-ties

Only 15 per cent of IFAs are considering multi-tying their businesses following the publication of CP121 in Jan-uary, research by Orc Inter-national has found.The survey also reveals that 69 per cent of respondents are not interested in any type of tie-up for their business.A quarter of advisers working from a national IFA head office say […]

Prudential pays out £2.8bn in bonuses

Prudential is paying out almost £3bn in bonuses to its with-profits policyholders despite cutting rates by around 10 per cent.Pru is adding £2.8bn to its with-profits policies through terminal and reversionary bonuses after sales of its Pru bond hit almost £2bn through IFAs last year.This is despite bonuses being cut due to poor stockmarket performance. […]


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