Gibraltar has declared itself “astonished and appalled” at the “outrageous” behaviour of Spain, after a coastguard boat and helicopter illegally enteres the waters around the Rock to chase drug smugglers – one of whom escaped
Gibraltar–A Tax Haven–Sues ABC For Calling It A Tax Haven According to news reports, Gibraltar's government isn't going to take being called a 'tax haven' lying down. The little British Overseas Territory at the tip of Spain is suing ABC—not the TV network, the Spanish newspaper—for defamation … Read more on Forbes
Maritime security: fact or fallacy? The view from Gibraltar In the case of Gibraltar it can be said with concern that by the nature of our geographical position we are exposed to the threats of terrorism. It's no use hiding behind the fact that North Africa lies 14 miles across the Strait of Gibraltar (STROG … Read more on CIMSEC IBIA announces Gibraltar as location for IBIA Convention 2016 IBIA, the International Bunker Industry Association – the voice of the suppliers and end users of marine fuel – has announced that it will be holding its annual industry-wide convention, in Gibraltar from the 8th-11th November 2016. The association's … Read more on Hellenic Shipping News Worldwide GSD proposes 'adventure activities' in tourism drive The GSD yesterday unveiled plans to maximise Gibraltar's tourism potential with “attractive and exhilarating” projects to draw in tourists as well as locals. The party wants to provide adventure activities to attract the younger generations such as a … Read more on Gibraltar Chronicle
Tensions were heightened after Spanish security forces entered the territory’s waters while chasing suspected drugs smugglers
Gibraltar is small in size but big on tax savings. The country of Gibraltar covers just 2.642 sq. miles of land, an area roughly half the size of Rhode Island. For a small country it is a dynamic financial center for investors world-wide. This self-governing British territory located near the entrance of the Mediterranean, overlooks the Straites of Gibraltar, on the southern end of the Iberian Peninsula and Europe. It shares it’s northern border with Spain. Gibraltar has close historical ties to Britain’s military and is the home of one of England’s Royal Naval bases. The country has an economy supported by shipping and offshore banking, with tourism adding even more to its coffers via the estimated 7 million tourist who make it their destination each year. These 3 industries added an estimated 25%-30% each to Gibraltar’s GDP. Support from the British military alone adds another 7% to the total economy. The population of Gibraltar is estimated at over 28,000 people, with a per capita GDP of $ 38,200 (2005 est.), with a large number of them employed in the service and industrial sectors. The official currency of Gibraltar is the Gibraltar Pound (GI, GIB). The Gibraltar Pound is divided into 100 pence. The wealth management and private banking sector of Gibraltar has attracted many big name players like Barclays, ABN Amro, and IDT Financial. Due to the high regulation and low taxation this country offers, it is one of the more ideal offshore banking locations and offers attractive tax conditions to those investing in it. Asset management is primarily what the offshore sector focuses on for individuals who are of a high net worth. There is no taxation on wealth, inheritances and gifts, and becoming a resident of Gibraltar requires no physical presence, so it might be wise to consider not only offshore investing in Gibraltar, but living there as well. Quite often the banks here will cater to the rich and those of a higher net worth. They will offer special rates, and feature their private banking services in the lime light. “Customer Relationship Management” is a specialty of many of the offshore banks in Gibraltar. However, some care needs to be taken when approaching the private banking sector here, as well as in many other countries. Keep in mind to do your due diligence and look at how the bank is structured. Many are simply front ends for investment funds, which may be fine, or it may not. If a bank is offering personal attention, bear in mind exactly why it is doing this and what it hopes to gain from you depositing your money. Englishman Peter Macfarlane is an author and lecturer on offshore finance, investment, due diligence and wealth creation matters. After fifteen years advising high net worth clients on offshore asset protection structures such as companies, trusts and private interest foundations, he decided on a career change and now mentors individuals who are interested in creating, preserving and growing wealth in a secure offshore environment.
Rising up as an invincible peak at the gateway between Spain and the African coast, Gibraltar is a unique destination with a life that goes beyond its surface. The monolithic Rock of Gibraltar entices tourists with its lush greenery and the friendly Barbary Macaques ubiquitous to the area. Beneath its looming exterior lay the Galleries, a veritable labyrinth of underground passageways running through the Rock. Above ground there is also plentiful tax-free shopping, as well as numerous beaches.
New Analyst Information for Prudential Financial Incorporated (NYSE:PRU) The overall rating for the company is 1.63. The rating is an average of the various different ratings given by analysts and brokers to Prudential Financial Incorporated, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois. Read more on The Bulletin Higher taxes hit William Hill earnings It said the UK's new tax regulations, which impose duty on online bets to William Hill's overseas base in Gibraltar, cost £23m. “It was always going to be a tough quarter”, said James Henderson, chief executive of William Hill, due to the high base … Read more on Financial Times Pity the ripped-off footballers? I'm afraid I don't at all The truth is that high-level asset management is a risky game and some products help clients to minimise their taxes. Kevin Campbell, for example, who apparently invested in five film schemes and faces losses of up to … Some are powerful lobbyists … Read more on The Independent
New Analyst Information for Gibraltar Industries Incorporated (NASDAQ:ROCK) Additionally, Gibraltar Industries Incorporated currently has a market capitalization of 789.49M. Gibraltar Industries Incorporated Reported earnings before interest, taxes, debt and amortization (EBITDA) is 75.29M. Earnings per share were -2.32. In … Read more on The Bulletin Sunday Update for Gibraltar Industries Incorporated (NASDAQ:ROCK) Additionally, Gibraltar Industries Incorporated currently has a market capitalization of 787.30M. Gibraltar Industries Incorporated Reported earnings before interest, taxes, debt and amortization (EBITDA) is 75.29M. Earnings per share were -2.32. In … Read more on The Bulletin
The New Statesman Cover | The Age of Terror Kindness, diversity and decency are weapons that can only be brought to one battlefield, and it happens to be the one territory that Isis cannot afford to lose. It is the territory of the collective human imagination, and it has no borders at all. We … Read more on New Statesman Spanish customs vessel fires live rounds in Uk territorial waters off Gibraltar Earlier this month the UK Government accused Spain of "a clear violation of UK sovereignty" after complaining that boats and helicopters had been sent into British waters off Gibraltar. Ministers said repeated incursions were "completely unacceptable … Read more on Telegraph.co.uk
Search widens to Gibraltar for missing Scots mother Royal Gibraltar Police (RGP) are assisting the inquiry because Ms Brown worked for a Gibraltar-based gaming firm until August. She was due to start a new job in the British territory the day after she went missing. In a statement, the force said: “The … Read more on Herald Scotland Gibraltar International Literary Festival 2015: Celebs rock Gibraltar as … Watch out Hay on Wye, there's a new bookish bonanza on the calendar. City slickers may be well acquainted with Gibraltar; its bookies, its brokerages, its yachts and its tax laws. With the small British outpost seeing 50 per cent GDP growth in the last … Read more on City A.M.