Offshore Investment

Tax has been constantly in the news in advance of the G-20 summit as Gordon Brown and other world leaders have made clear their intentions to identify and possibly take sanctions against 'non-cooperative jurisdictions' and 'tax havens'.

Guernsey investment manager Corazon Capital stands to lose millions following the collapse of a leading hedge fund, according to reports.

Skandia has added the Sarasin International Equity Income fund to its Selestia Investment Solutions and Life and Pensions fund range.

The German government is targeting those German banks operating in Switzerland that maintain accounts for Liechtenstein foundations as part of its tax haven crack down, according to German newspaper Der Spiegel.

Fund managers in emerging markets are increasingly considering environmental, social and corporate governance (ESG) factors in their investment decisions, according to Mercer.

Zurich International Life (ZIL) is set to cut its distribution in the European Union and focus instead on opportunities in the Middle East.

NatWest International Personal Banking (IPB) has launched two structured deposit accounts offering customers security and potential growth through the diverse green or UK business sectors, or the FTSE100 index.

Aquila Capital has launched the AC Agri Opportunity fund (AOF) investing in farm properties in Brazil, Australia and New Zealand.

The European Central Bank (ECB) has cut eurozone interest rates to a record low of 1.5%.

Jersey has signed a Tax Information Exchange Agreement (TIEA) with Ireland, following deals signed between France and the UK earlier this month.