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.
News and Reviews
New opportunities of investing in Russian roubles
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
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
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
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
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
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
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
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
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.