http://www.sovereignmanagement.net/offshore-news/sovereign-news/latest-news.htm The Sovereign Group - Latest News - RSS Feed en-gb Mon, 25 February 2008 8:48:07 AM GMT 24-Jun-2008 http://www.sovereignmanagement.net/offshore-news/sovereign-news/593/0/Italian+government+posts+taxpayer+information+on+Web.html The Italian Revenue Agency posted on its Website, on 30 April, the income and tax details of every citizen as part of what the outgoing government said was an effort to combat tax evasion.
The move came as the centre-left government of former Prime Minister Romano Prodi prepared to hand over power to the centre-right government of Silvio Berlusconi in May.

The website was flooded by those seeking information about co-workers, neighbours and celebrities, but the Italian Privacy ... Tue, 24 June 2008 7:30:47 AM GMT 24-Jun-2008 http://www.sovereignmanagement.net/offshore-news/sovereign-news/592/0/Isle+of+Man+signs+TIEA+with+Ireland%2C+Guernsey+with+the+Netherlands.html The Isle of Man and Ireland, as well as Guernsey and the Netherlands, signed new bilateral Tax Information Exchange Agreements on 25 April 2008.

The two new agreements bring to 14 the number of TIEAs signed since the beginning of 2007 by jurisdictions committed to work with OECD countries. Other negotiations are ongoing and are expected to lead to further new agreements shortly.

The agreement with Ireland is the tenth such TIEA signed by the Isle of Man. For Guernsey, which ... Tue, 24 June 2008 7:29:35 AM GMT 23-Jun-2008 http://www.sovereignmanagement.net/offshore-news/sovereign-news/591/0/Germany+launches+second+wave+of+tax+fraud+probes.html The German tax authorities announced a new wave of 20 separate tax evasion investigations on 25 April, after a first push netted hundreds of millions of Euros.

According to German newspaper reports, the inquiries would focus mainly on family foundations suspected of being used to hide between EUR10 to 20 million of fraudulent monies.

Since late March, there have been about 30 raids, with 120 residences and offices searched, the newspaper said. Most of those cases involved ... Mon, 23 June 2008 8:53:20 AM GMT 23-Jun-2008 http://www.sovereignmanagement.net/offshore-news/sovereign-news/590/0/Jersey+reviews+Limited+Liability+Partnerships+Law.html Jersey's Economic Development Department issued a consultation paper, on 22 April, to review the law on Limited Liability Partnerships (LLPs) to decide if it should be amended or replaced in order to make the product more competitive and useful as a vehicle of choice for local and international businesses.

LLPs are partnerships governed by the terms of their partnership agreements but having some features of companies, notably a separate legal personality and limited liability. Mon, 23 June 2008 8:52:41 AM GMT 23-Jun-2008 http://www.sovereignmanagement.net/offshore-news/sovereign-news/589/0/Cayman+Islands+proposes+legislative+changes.html Amendments to the Banks & Trust Companies Law and the Mutual Funds Law were published on 14 April and are due to be tabled in the Cayman Islands Legislative Assembly for debate.

Among the proposed changes in the Banks and Trust Companies (Amendment) Bill is a general provision for trust company licensing exemptions to be made by regulations. Regulations under consideration include a registration regime for private trust companies and expanding the scope of activity for controlled ... Mon, 23 June 2008 8:51:51 AM GMT 22-Jun-2008 http://www.sovereignmanagement.net/offshore-news/sovereign-news/588/0/Hollywood+actor+imprisoned+for+tax+evasion.html US actor Wesley Snipes was sentenced to three years imprisonment on 24 April for his "brazen defiance" of US tax laws. It was the maximum sentence.

The decision by US District Court judge in Florida came two months after a jury convicted Snipes on three counts of willfully failing to file federal tax returns from 1999 to 2001. Prosecutors described the 45-year-old star as a "truly notorious offender".

The court heard that Snipes evaded $15 million in taxes ... Sun, 22 June 2008 11:04:59 AM GMT