News and Reviews

ABLV Bank successfully placed the first public issue of bonds

Riga, Latvia, December 22, 2011, 10:55 / Investments

Underwriting to ABLV Bank, AS first public offer of bonds has been completed. The investors were offered bonds in EUR and USD with maturity term of 2 years.

New opportunities of investing in Russian roubles

December 21, 2011, 09:18 / Investments

Starting from 16 January 2012, ABLV Asset Management, IPAS, offers an opportunity to acquire shares of corporate bond fund ABLV High Yield CIS Bond Fund1 in Russian roubles.

ABLV Group closed Q3 2011 with LVL 20.7 million profit

November 28, 2011, 12:15 / Banking

As early as at the end of 2010, ABLV management announced its plans to work with profit in 2011, and those plans are being successfully implemented. Due to growing amount of deposits and commission income, as well as excellent investment activities, the Group’s profit amounted to LVL 20.7 million as at 30 September 2011, whereas the bank’s profit was equal to LVL 19.6 million.

Cayman Islands Announces New Tonnage Tax Regime

November 22, 2011, 14:00 / Advisory / Jurisdiction: Cayman Islands

The Maritime Authority of the Cayman Islands (MACI) is introducing a new Annual Tonnage Fee (ATF) structure, which will come into effect on January 1, 2012.

G20 countries strengthen international tax co-operation

November 22, 2011, 12:30 / Advisory

During the November G20 summit, all governments agreed to a multilateral Convention to tackle tax evasion more effectively.

A plot to impose financial transaction tax on UK

October 28, 2011, 10:30 / Advisory / Jurisdictions: United Kingdom, EU

A group of European politicians is plotting to impose the financial transaction tax (FTT) in a way that Britain would be powerless to veto, a British Member of the European Parliament has warned.

Repatriation Bill to Tax Overseas Profit at 8.75 Percent

October 25, 2011, 17:00 / Advisory / Jurisdictions: USA

Corporate repatriation legislation proposed by Senators Kay Hagan and John McCain would let U.S. businesses bring home offshore profits at an 8.75 percent tax rate.

Bermuda Insurance Company Registrations Up

October 7, 2011, 15:00 / Advisory / Jurisdictions: Bermuda

The pace of insurance company registration in Bermuda has picked up, bolstered in the main by a rise in special purpose insurers.

Ireland asks EU to amend treaties

September 29, 2011, 16:26 / Advisory

The Irish government has asked the European Union to amend its treaties in order to provide specific legal assurances that the country can continue to control its own corporate tax rate.

Spain revives wealth tax plan amid crisis

September 27, 2011, 10:00 / Advisory / Jurisdiction: Spain

Spain’s Socialist government has resurrected a hotly contested plan to impose a wealth tax next year, according to party leaders eager to spread the burden of austerity and reassure financial markets that the country will control its budget deficits.

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