Iran war: Staff at hedge fund Millennium weigh swapping Dubai for Jersey Business Hedge fund Millennium is exploring possible ways to settle staff who do not wish to return to Dubai in Jersey, as firms seek tax-favourable alternatives as the Middle Eastern conflict rages. The multi-manager firm, which had over 100 employees based in Dubai before the war broke out just under a month ago, is prepared to [...]
Daily Mail owner moves assets offshore ahead of Budget Business The owner of the Daily Mail has moved hundreds of millions of pounds worth of assets to its newly created offshore parent ahead of the November Budget, City AM has found. Daily Mail and General Trust (DMGT), which owns a host of publications including The Daily Mail, Mail on Sunday and the I newspaper, sold [...]
B&M swaps one tax haven for another Retail B&M has revealed plans to swap Luxembourg, the European tax haven the discount retailer has been domiciled in for over a decade, with Jersey. The London-listed company, which has its operational headquarters in Liverpool, said the move would simplify its corporate and administrative structure and provide “greater flexibility for returning capital to shareholders going forward”. [...]
Britain’s overseas territories are an asset, not an anachronism February 26, 2025 Far from historical oddities, Britain’s crown dependencies and overseas territories make an important contribution to the United Kingdom – and Brexit provides an opportunity to unleash even more of their potential, says James Price Hopefully you have by now become aware of Labour’s abject attempts to give away the Chagos Islands, along with billions and [...]
London maintains tech capital crown but New York threatens November 26, 2024 London has kept its title as the tech capital of the world in a closely-watched league table, while New York edged closer to reclaiming the crown.