Offshore Investment

President Obama will seek to outlaw offshore tax avoidance in a bid to claw back tax from US corporations with overseas divisions.

The Royal Bank of Scotland International (RBSI) is to cut 90 jobs at its offshore centres, including Jersey, Gibraltar, Guernsey and the Isle of Man.

The Royal Bank of Scotland International (RBSI) is to cut 90 jobs at its offshore centres, including Jersey, Gibraltar, Guernsey and the Isle of Man.

Prudential International has added deposit-based investment plans from Investec Bank to its open-architecture bond, Portfolio Account.

President Obama will seek to outlaw offshore tax avoidance in a bid to claw back tax from US corporations with overseas divisions.

Alliance & Leicester International (ALIL) has unveiled an Expat Money book promotion designed to help savers with the bank make the most of their finances.

Jersey-based Abbey International has partnered with Visa, Axa Insurance and Airport Angel to offer a package of insurance, travel and lifestyle services as part of its new Platinum and Visa Infinite deferred debit cards.

Expats with little overseas employment income and those with holiday lets abroad will benefit from measures laid out in last week's Budget, according to accountancy giant Grant Thornton.

Revamped regulations affecting UK authorised investment funds will allow the UK to compete for business more effectively against offshore jurisdictions, according to the IMA.

UBS would be forced to break Swiss criminal law if it gave America's tax authorities the names of potential tax evaders, the Swiss bank warned today.