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Automatic Exchange of Tax Information – From Albania to Vanuata
As the dust settles on the first full year of FATCA reporting in relation to both US and UK clients, you might expect financial institutions such as Peregrine to move on to more rewarding work, at least taking a break from the burden of dealing with the automatic tax information exchange assignments that have taken up so much time and resources over the last few years.
Uses of Cell Companies
The use of the Cell Company (“CC”) has come a long way since it was first developed in the late 1990’s. Originally aimed at attracting captive insurance work, it soon proved popular and versatile as a useful vehicle for other industries. Following the introduction of the Protected Cell Company (“PCC”) the CC concept was further strengthened by the development of the Incorporated Cell Company (“ICC”).
Isle of Man Aviation Conference 2016
2016 was Peregrine’s third year attending the now well established Isle of Man Aviation Conference. This year saw another impressive turnout, not only in the quantity of attendees but also the quality of the speakers and panelists and the general audience as a whole.
Brexit and the Isle of Man
The UK electorate have spoken. The most contentious political result in recent times seems to have caught many off guard and the subsequent resignations of key advocates for both the ‘for’ and ‘against’ campaigns show that consequences of this momentous event may not have been fully recognised.