Offshore Investment

The UK's offshore fund tax rules are changing. Subject to the outcome of a final consultation, with effect from 1 October 2009, offshore funds will be able to elect for ‘reporting fund' status.

Jersey risks advertising itself as a ‘safe haven' for tax evaders if it does not extradite an alleged British fraudster involved in advising Crocodile Dundee actor Paul Hogan, says a lawyer at the hearing.

An accountant millionaire has pleaded guilty to filing a false tax return, making him the first US citizen to face criminal charges stemming from Swiss UBS records controversially procured by the US federal government.

Criminals are increasingly using soccer for money laundering and tax evasion, helped by the globalisation of the sport and financial needs of clubs, an anti-corruption body says.

Here we list who has moved where in another busy week in the offshore sector.

Hong Kong is Asia Pacific's leading international financial centre (IFC), attracting 70% of the world's largest banks and supporting a stock market that is the world's 7th largest and 3rd most capitalised in Asia.

Skandia International has added five Invesco funds to its range to diversify the breadth of choice available for international advisers.

Almost half of expats in the UK hit hard by the global economic downturn are considering returning home, with those currently based in the US, Thailand and South Africa the worst affected, a new survey reveals.

The Serious Fraud Office (SFO) says it has frozen $100m of assets in London, connected with Sir Allen Stanford's suspected $7bn fraud.

Bernard Madoff will spend the remainder of his life in prison after receiving the maximum prison sentence of 150 years for masterminding a $65bn fraud.