Palladium Newsletter - August 2010

Dear Clients,

Welcome to our August newsletter.

We hope that you enjoy it as a useful resource for matters relevant to IFCs and your own practices or interests. Our focus in this edition is on the use of New Zealand Limited Partnerships for private equity investment funds.

NZ LPs are increasingly used as private equity investment vehicles, riding off the back of New Zealand’s excellent reputation as well as their preferential taxation status. Palladium will help you set up and run these structures and procure them to be regulated in the BVI or beyond should such be required.

Palladium’s new and improved website is now live! We trust that you will enjoy browsing through some of our articles and analyse our capabilities further, visit us at www.palladiumtrustservices.net

My colleague Natasha and I are running London’s ‘Run to the Beat’ half marathon on September 26th. Macmillan Cancer Support is a fantastic charity which raises money to help people who have been affected by cancer in the UK. We would appreciate any show of support very much. Please visit www.justgiving.com/palladium if you would like to donate to this very worthy cause.

Please visit us at www.palladiumtrustservices.net or contact me directly at stephen@palladiumtrustservices.net if you would like more information on what Palladium can do for you.

We look forward to working with you very soon and trust that you will enjoy the articles below. Wishing everyone in Europe an enjoyable final week of the summer recess...

Until next month,

Stephen


First Bolt stays at home; now will US and European golfers shun the UK due to draconian tax rules on sponsorship?:
http://www.stepjournal.org/news/news/ryder_cup_golfers_appalled_at.aspx

STEP warns of threat to personal privacy due to tax exchange information agreements with less well regulated countries:
http://www.ftadviser.com/FTAdviser/Regulation/News/article/20100803/b33bf0c8-9ee6-11df-ac15-00144f2af8e8/Step-highlights-growing-risk-of-personal-data-abuse.jsp

Sophisticated Liechtenstein leads the wave in a new era of IFCs and their legitimate uses:
http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/7896504/Liechtensteins-heir-backs-radical-new-tax-plans.html

Guernsey announces date for automatic exchange of tax information with UK:
http://www.stepjournal.org/news/news/guernsey_announces_move_to_aut.aspx

Taxman can enter your home or premises and seize your computer – unannounced, and without a warrant:
http://www.taxation.co.uk/taxation/articles/2010/08/11/20821/hard-drive