The UK Coalition Government’s decision to reduce its corporate tax rate is good news for jurisdictions such as Jersey, Geoff Cook, chief executive of Jersey Finance Limited will tell delegates at its annual trust and private wealth conference in London next Tuesday (July 6th).
The conference agenda will include a discussion of the impact of the rises in capital gains taxes and the implications of other measures announced in the emergency budget for trusts, pensions and other offshore investment vehicles.
Geoff Cook, who will introduce the event, believes that the planned 4% reduction in the UK corporate rate tax to 24% over the next four years, which is designed to make Britain more competitive in attracting investment will be a positive development for Jersey also and consequently for professionals that use Jersey in support of wealth management strategies.
He and other offshore specialists will be assessing the UK budget measures during the question and answer panel session that follows the main presentations. Facilitated by Sarah Montague, presenter of the ‘Today’ programme on BBC Radio 4, the panel debate will include questions from delegates.
The main focus of the conference will continue to be the implications for the wealth management sector of the rise of theBrazil, Russia, China and India (‘BRIC’)economies and the sharp contrast with the increasingly troubled Eurozone economies.
The conference will be addressed by Richard Cookson, Citi Private Bank’s Global Chief Investment Officer, who will examine how the collective BRIC economies have thrived during the crisis and how the financial services industry can take advantage of the shift in world economic power, while also highlighting the risks that remain.
A panel discussion follows and the speakers will be joined by Senator Philip Ozouf, Jersey’s Treasury Minister and Deputy Chief Minister, Richard Teather; Senior Lecturer in tax law at Bournemouth University and Advocate Alan Binnington, Director, RBC Wealth Management in Jersey.
Alongside the UK Budget measures, the debate will also cover tax issues, disclosure and the future of automatic exchange of information. The panellists will discuss the outcomes of the G8 and G20 meetings in June, as well as moves by the IMF and the US and their possible impact on the global market for trust and wealth management services.
The event is held from 8 a.m. at The Honourable Artillery Company, Armoury House, City Road, London EC1.
For further information, please contact Adam Riddell at Crystal PR, on tel. +44 (0) 1534 639505 or e-mail firstname.lastname@example.org