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LOWTAX SUBSCRIPTION LIBRARY: ALTERNATIVE INVESTMENT NEWSWIRE
This sample
shows the Alternative Investment
Newswire for the week ending Friday 11th
November, 2005
IRS
Demands Paypal Records In Offshore Bank Account
Crackdown 09/11/2005
Paypal,
the online money transfer arm of the popular internet
auction website eBay, may have to disclose the
identities of some of its users to the United
States Internal Revenue Service as part of a crackdown
by the US authorities on tax evasion through offshore
bank accounts.
Click
Here for Full Story
European
Hedge Funds Less Susceptible To Fraud 07/11/2005
The
risk that hedge funds will defraud investors
would appear to be lower in Europe where independent
administration is the norm, than in the United
States where there is a tendency for more funds
to be self-administered.
Click
Here for Full Story
Bank
Of England Victorious In BCCI Case 04/11/2005
The
liquidators of BCCI finally threw in the towel
this week in their GBP850m lawsuit against the
Bank of England, unconditionally withdrawing the
case after a 12 year battle.
Click
Here for Full Story
Grassley
Unveils Tax Cut Plans 10/11/2005
Facing
tightening budgetary constraints, Sen. Charles
Grassley (R - Iowa) has proposed a one year
extension to the dividend and capital gains
tax cuts passed as part of President Bush's
growth package in 2003 - one year less than
the White House is pushing for.
Click
Here for Full Story
Six
Bids For Refco Unit, But Liabilities Crowd In
07/11/2005
Formal
bids for the futures unit of collapsed financial
group Refco were due in to the Manhattan Federal
Bankruptcy Court on Friday, and it's thought that
six bids were made. A court-supervised auction
will take place this week among the approved bidders.
Click
Here for Full Story
Independent
Directors In Demand For Cayman Hedge Funds
07/11/2005
Independent
directors are finding themselves increasingly
in demand from hedge funds whose growing list
of institutional clients require a greater degree
of assurance that their investment is protected,
a trend particularly prevalent in the Cayman
Islands where the majority of the world's hedge
funds are domiciled.
Click
Here for Full Story
Net
Hedge Fund Inflows Stabilize in Third Quarter
04/11/2005
The
third quarter of 2005 showed the stabilization
of net inflows to the hedge fund industry as a
result of improved performance, according to a
report by hedge fund research and money management
firm Tremont.
Click
Here for Full Story
Survey
Shows SOX Viewed As Effective In Fight Against
Fraud 08/11/2005
According
to a poll conducted by Oversight Systems, nearly
two-thirds of respondents (65%) indicated that
SOX has been somewhat or very effective in identifying
incidences of financial-statement fraud, and
only 19% of those surveyed found SOX to be ineffective.
Click
Here for Full Story
Bank
Islam Losses Throw Spotlight On Malaysia's Banking
Controls 08/11/2005
The
Malaysian parliament was told last week that the
government would seek to expose and punish those
responsible for losses suffered by Bank Islam
Malaysia Berhad if it found evidence of wrongdoing
by the bank's employees.
Click
Here for Full Story
Guernsey
And The Isle Of Man Scrap Over Yacht Registration10/11/2005
Speaking
to the Isle Of Man Online earlier this week,
Moore Stephens director and VAT expert Ayuk
Ntuiabane argued that Guernsey's yacht management
firms are attempting to lure business away from
the Island.
Click
Here for Full Story
Malta's
New Property Tax Comes Under Fire 04/11/2005
A
new form of property tax announced in the Maltese
budget will lead to an increase in property prices,
disadvantage foreign buyers and generally fail
to achieve its objective of stabilising the local
housing market, island developers and estate agents
have warned.
Click
Here for Full Story
AIMA
Lukewarm On Retail Access To Hedge Funds10/11/2005
The
Alternative Investment Management Association
(AIMA), the leading global hedge fund and alternative
investment industry association, has issued
a lukewarm response to the UK Financial Services
Authority discussion paper exploring options
for allowing the spread of hedge fund products
to retail investors.
Click
Here for Full Story
EC
Analyses Obstacles To Cross-Border Finance Sector
Mergers 10/11/2005
The
European Commission on Tuesday presented to the
Council of Economic and Finance Ministers (ECOFIN)
its preliminary analysis of why there has been
little cross-border consolidation so far in the
EU financial sector.
Click
Here for Full Story
Qwest
Boss Likely To Be Indicted Soon09/11/2005
Observers
in the United States have suggested that former
Qwest chief executive, Joe Nacchio is likely
to be indicted on insider trading charges before
the end of the year.
Click
Here for Full Story
UK
Government Publishes Company Law Reform Bill
07/11/2005
Under
the measures proposed in the legislation, the
liability of auditors will be capped, investors
will gain powers to make company directors more
accountable if they knowingly provide false information
to auditors, and the establisment of SMEs will
become easier.
Click
Here for Full Story
Hedge
Funds Support Merger Between Euronext And Deutsche
Boerse09/11/2005
Hedge
funds are reportedly seeking a merger between
the two European financial exchange operators
Deutsche Boerse and Euronext in order to create
greater value for investors.
Click
Here for Full Story
HMRC
Backtracks On Plans To Tax UK Insurance Firms
08/11/2005
The
United Kingdom's insurance industry has welcomed
a new proposal by HM Customs and Revenue to narrow
the scope of a law aimed at preventing tax avoidance
by insurance companies.
Click
Here for Full Story
Citing
regulatory restrictions in its native Norway,
Storebrand Investment has announced that during
the third quarter, it has set up four hedge
funds in Luxembourg aimed at the institutional
market.
Click
Here for Full Story
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