Hong Kong ticks all the boxes as a major art hub. Its free port status means there are no tariffs or taxes to hold up super-discreet deals, its legal system guarantees a measure of artistic freedom and its financial knowhow means savvy collectors can use
There are though a few topics we have investigated around the desk which, whilst maybe not directly impacting portfolios, are probably worth sharing.
This reflects how financial services have changed since 1999, when Old Mutual demutualised, moving its head office to London and locating its primary listing there.
Graham Sheward, in an opinion article published in Business Year Book says “Mauritius remains a jurisdiction of choice to assist multinationals in establishing their pan-African operational, administrative and financial headquarters
Ahead of the European Central Bank’s (ECB) meeting on Thursday, Schroders' Chief Economist, Keith Wade, looks at whether central banks’ powers are waning in their fight against falling inflation:
Despite George Osborne reportedly postponing pension tax reforms at the forthcoming Budget, the UK pension savings rate remains a major structural weakness and commentators believe individuals can ill-afford to pass up the tax-efficient savings opportunit
The idea that central banks have run out of ammunition is commonly held again, but it may be missing the point: monetary policy seems to be shifting focus on creatively boosting the actual money supply to the economy, rather than just expanding the inacti
“China’s surplus capacity in steelmaking, for example, is bigger than the entire steel production of Japan, America and Germany combined.” - The Economist magazine, February 27th, 2016.
In summary, CRS is happening with extraordinary speed. It is most important that clients accept that it is; take good advice and structure their affairs properly; and if they wish to choose a new country of tax residence, actually move there and get a cer
There is something of her hummingbirds in de Rothschild, a wilful, colourful creature enclosed by history and money.