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Offshore
Investment: Country-by-Country
Analysis of Offshore Investment Funds; with
an Analysis of the US QI Regime
Descriptive Notes And Contents List
The
first section of the report studies the booming
offshore funds sector. We analyse the growth
of offshore funds from humble beginnings until
now they challenge their onshore competitors,
using the Internet to keep up with innovation
in marketing and product development. For the
eighteen top offshore jurisdictions we describe
the funds sector and its legislative base, noting
recent developments.
The
final section of the report studies the draconian
new US withholding tax rules and qualified intermediary
status which applied from January 1 2001. The
new regime affects every non-US based investor
with US source income, and every non-US based
financial institution which handles such income.
We explain the legislation and give its full
text, along with a copy of the contract qualified
intermediaries sign with the IRS, which effectively
turns them into tax collectors! We also set
out the rules to be followed in each of the
countries 'approved' by the IRS.
CONTENTS
Offshore
Investment Funds
Introduction: What is an Offshore Investment
Fund
Characteristics
of the Offshore Fund Industry
Recent
Developments in the Offshore Fund Industry
Onshore Responses To The Hedge Fund Boom
The Internet's Role In The Offshore Investment
Process
Offshore
Investment Funds: The Jurisdictions
Bahamas,
Bermuda, British Virgin Islands, Cayman Islands,
Cyprus, Gibraltar, Guernsey, Hong Kong, Ireland,
Isle of Man, Jersey, Luxembourg, Malta, Mauritius,
Netherlands Antilles, Seychelles, Switzerland
and Turks & Caicos Islands.
The
US Qualified Intermediary Regime
Introduction: What The Legislation Does
Annex I: Full Text Of IRS Tax Code Section 1.1441
Annex II: 'Attachments' For 48 Approved Countries
All Intelligence Reports are updated on a weekly
basis with the latest relevant information,
and constitute the most complete authoritative
material available in their various subject
areas.
The
Offshore Investment Funds Intelligence Report
costs just US$35 (approx 18GBP, 26EUR) for unlimited
access and download.
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Introduction: What is an Offshore Investment
Fund