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The States of Jersey has issued a consultation paper on proposed regulation of pensions business ("Consultation Paper"). This is a much welcomed consultation: the responses to the consultation will be important to the continuing development of the Island's pensions industry.
The Cayman Islands (‘Cayman’) International Tax Co-operation (Economic Substance) Law, 2018 (‘Law’) and International Tax Co-operation (Economic Substance) (Prescribed Dates) Regulations, 2018 (‘Regulations’) came into force on 1 January 2019. Official Guidance Notes are expected in early 2019 to set out how the new regime will work. Here we consider what steps Cayman entities should be taking to find out if the Law and Regulations apply to them and, if so, whether they carry out the core income generating activities defined in the Law for their business.
Jersey has introduced a new savings vehicle called the International Savings Plan ("ISP") which will attract more multinational employers on to the Island. ISPs will offer more flexibility to employers than traditional pensions or share plans.
Donna Withers, head of wills & probate at Bedell Cristin, to speak at STEP event on 'The New Capacity Law in Jersey - opportunities, responsibilities and when it all goes wrong'. The presentation will be held at the Pomme d'Or Hotel, Jersey on 17 January 2019.
