| Cuban offshore oil plans gain momentum |
While the Gulf of Mexico oil spill has sparked debate in America on the merits of deepwater drilling, 90 miles away Cuba s offshore plans are quietly taking shape. |
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| Oil rig explodes in Gulf of Mexico |
| An oil platform 80 miles offshore in the Gulf of Mexico exploded on Thursday, sparking a rapid search and rescue helicopter response that recovered 13 people, the US Coast Guard said |
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| Tax-News.com: Jersey Foundations Attract Growing Interest |
| Tax-News.com: Just over a year since they were launched, Jersey Foundation structures are continuing to receive a steady flow of interest, according to an offshore legal expert. |
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| BP says it learned from battling huge oil spill |
| The offshore oil and gas industry is better equipped to handle future oil spills, BP is expected to say in a report to the Interior Department.
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| JAL to Sell Units and Cut Jobs as Part of Restructuring |
| The organization plan culminates years of difficulty for the airline, which has been battered by safety lapses, ballooning pension payments and the need to streamline. |
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| On the Road: Training for the 787, Whenever It Shows Up |
Boeing is conducting training at its sprawling Customer Experience Center to show how it is preparing to put its much-delayed 787 Dreamliner airplane into service.
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| Engine Problem Delays Delivery of Boeing’s Dreamliner |
| Boeing now expects delivery of the first 787 Dreamliner in the middle of the first quarter 2011, owing to a delay in engine availability. |
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| Boeing delays Dreamliner delivery date |
Read full story for latest details. |
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| Boeing Delays Delivery of Dreamliner |
| Boeing said on Friday it now expects delivery of the first 787 Dreamliner in the middle of the first quarter 2011, owing to a delay in engine availability. |
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| I.R.S. to Drop Suit Against UBS Over Tax Havens |
| The Swiss government said it was prepared to provide the remainder of documents sought involving American clients suspected of using the bank’s accounts to evade taxes. |
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| Greenland sees oil as key to independence |
| Several oil companies are vying for access to Greenland after a gas discovery this week raised expectations for offshore exploration around the Arctic island nation |
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| Officials say drilling push made without consultation |
| The question of how much weight should be given to scientific experts and environmental analysis before green-lighting offshore drilling operations emerged Wednesday.
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| Former offshore drilling chief expresses regret |
| She headed the Minerals Management Service for 10 months, and was replaced by a former federal prosecutor, Michael R. Brownwich, in June.
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| United Kingdom: HSE Warns Oil And Gas Industry To Improve Offshore Safety - CMS Cameron McKenna LLP |
The Health and Safety Executive (HSE) has released statistics showing an increase in major injuries and unplanned hydrocarbon releases and has warned the offshore industry to "up its game" in identifying and rectifying the causes of such events.
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| British oil regulator gives a warning on safety |
| Oil and gas companies operating in the North Sea were warned Tuesday to improve safety after a spike in accidental leaks and serious injuries to workers on offshore platforms.
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| Tax-News.com: Uruguay Stays On OECD Grey List |
| Tax-News.com: Uruguay has reached agreement with India on an information exchange agreement, but for the present will stay on the grey list of the Organisation for Economic Co-operation and Development, since seven of its 12 agreements, including the one with India, still await signature. |
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| DeLay Headed to Texas Court After Fed Probe Ends |
Former House Majority Leader Tom DeLay Faces Money Laundering and Conspiracy Charges in Texas |
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| Tax-News.com: Obama Pushes Small Business Tax Incentives |
| Tax-News.com: In a statement before going on holiday, the United States President, Barack Obama,
urged Congress to approve the small business tax incentives contained within the
Small Business Jobs bill. |
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| Drilling Permits for Deep Waters Face New Review |
| The Obama administration said it would require more review before approving offshore drilling permits, ending a practice in which regulators essentially rubber-stamped projects. |
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| Public comments received on the discussion draft on the application of Article 17 (Artistes and Sportsmen) of the OECD Model Tax Convention |
| On 23 April 2010, the OECD Committee on Fiscal Affairs released for public comment a discussion draft on the application of Article 17 (Artistes and Sportsmen) of the Model Tax Convention. The OECD has now published the comments received on this consultation draft. |
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| Marshall Wace investors poised to wind up listed fund |
| Launched in 2006, the fund was an early pioneer among hedge funds of a trend that saw many top-flight managers offer listed, publicly traded feeder funds for offshore products |
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| Tax-News.com: Banks Clients Quizzed By German Prosecutors |
| Tax-News.com: German clients of the Swiss bank Credit Suisse are being asked by prosecuting authorities to provide information about their bank accounts as part of a wider crackdown by Germany against offshore tax evasion. |
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| Tax-News.com: Carey Olsen Secures Top-Ten Berth |
| Tax-News.com: Channel Islands law firm Carey Olsen advises more clients listed on AIM (the London
Stock Exchange?s alternative investment market) than any other offshore
law firm and remains the only offshore firm in the top ten, according to the latest rankings produced
by market analysis firm Hemscott for the quarter ending July 9, 2010. |
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| Tax-News.com: Local SAT Offices Undertake Transfer Pricing Reviews |
| Tax-News.com: China s State Administration for Taxation has directed local tax authorities to prepare statistics relating to the transfer pricing practices of companies in their tax jurisdictions as part of a wider review of transfer pricing by the central government. |
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| Tax-News.com: Jersey Funds Adapting |
| Tax-News.com: Jersey is well placed to tackle challenges as
it moves quickly to adapt to the changing environment facing offshore international financial
centers, Nigel Strachan said in comments at his appointment as the new Chairman of the Jersey Funds Association. |
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| Tax-News.com: China Promotes Outsourcing With Tax Break |
| Tax-News.com: China wishes to promote growth in the outsourcing industry by offering exemption from business (turnover) tax on offshore service outsourcing business in 21 cities. |
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| Hong Kong: Utilising British Virgin Islands and Cayman Islands entities for Private Equity Investment into China - Ogier |
As offshore legal counsel based in Hong Kong, we commonly deal with the book ends of inbound private equity investment into the People’s Republic of China ("PRC"), that being, the initial establishment of the offshore investment fund structure, typically structured as a limited partnership and domiciled in either the Cayman Islands or British Virgin Islands (the "PE Fund") at one end, and at the other, investments made by PE Fund’s in certain offshore target entities ("Offshore Target"), indirec |
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| Tax-News.com: UK Probes Offshore Account Holders |
| Tax-News.com: The UK tax authority, HM Revenue and Customs has called for the
assistance of around 600 UK citizens that availed of the Offshore Disclosure Facility
to help it better understand how offshore accounts, as marketed to UK citizens, are
?opened, operated and maintained?. |
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| Texas sues to block latest drilling ban |
| The suit says federal law requires that officials of affected states be consulted when federal officials propose measures involving offshore drilling.
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| BP postpones Libyan offshore drilling |
| BP has run into opposition to its plans for drilling in both the Gulf of Sirte and off Scotland s Shetland Islands after the Gulf of Mexico spill.
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| Tax-News.com: South Africa To Sign Offshore Tax Agreements |
| Tax-News.com: The South African Revenue Service is negotiating tax
information exchange agreements with several offshore international finance centres
to improve bilateral tax transparency, a parliamentary committee has been told. |
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| Sicilians mobilise against offshore drilling |
| With concerns heightened by BP’s disaster in the Gulf of Mexico and its plans to start deep-sea drilling off nearby Libya, Sicily’s parliament and regional authority have voiced strong objections to Italy’s central government, while a dozen mayors are to meet this week to prepare a joint protest to Rome |
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| Tax-News.com: Cayman Islands Top For Catastrophe Bonds |
| Tax-News.com: New figures have revealed the Cayman Islands are the leading offshore jurisdiction
for listed catastrophe bonds. More than USD7.7bn dollars in bonds have now
been listed on the Cayman Islands Stock Exchange. |
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| Milestone issue for renminbi debt |
| Plans to issue renminbi-denominated bonds in Hong Kong could provide a big boost to the fledgling market in offshore renminbi debt |
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| Cement finally seals BP’s Macondo oil well |
| BP finished pumping cement into the Macondo well after the US government ordered that nothing be left to chance in ending the world’s biggest offshore oil spill |
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| Tax-News.com: Travers Issues Robust Cayman Defence |
| Tax-News.com: In an open letter, Anthony Travers,
the Chairman of Cayman Finance, has denounced US Senator Carl Levin?s endorsement and usage
of a report issued by the ?Business and Investors Against Tax Haven Abuse?
group, which Travers has said is fallacious and "misguided." |
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| Guernsey: Blue Chip Fund Services - GuernseyFinance |
Guernsey’s status as a triple A-rated offshore jurisdiction offering innovative and high quality regulation, has put it in the top tier of offshore jurisdictions, offering a blue-chip service to fund managers looking to domicile and administer funds there.
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| Tax-News.com: Gibraltar To Land Largest E-Gaming Firm |
| Tax-News.com: E-gaming companies, PartyGaming and Bwin have announced the signing of a merger implementation
agreement to create the world?s largest listed
online gaming business, based offshore, in Gibraltar. |
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| Tax-News.com: Austria, Israel Sign Tax Treaty |
| Tax-News.com: Austria and Israel have initialed a revised tax treaty for the avoidance of double taxation between the two countries. |
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| Baker Hughes moves 300 workers out of Gulf |
| Chad Deaton, CEO of offshore services giant Baker Hughes, said the BP oil spill and resulting drilling moratorium should prompt the industry to learn, then move ahead.
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