A bilateral Tax Information Exchange Agreement (TIEA) has been recently signed between the Seychelles and Guernsey. The tax information agreement was signed by the two parties in London. Guernsey Chief Minister Lyndon Trott said that the Global Forum values Guernsey’s leadership in promoting tax transparency with developing nations and noted that the jurisdiction has built [...]

Even though the GST rate for trust distributions to grandchildren in 2010 was 0%, these distributions are required to be reported on a Form 706-GS(D-1) or 706-GS(T). No tax will be due. However, a trustee who fails to file a return will be guilty of a misdemeanor and can be fined up to $25,000 (or [...]

Let me give you the bottom line first, then the rationale: If you’re reading Barron’s, you need Quicken to help manage your finances. Honest. Other people might be able to get away with one of the many lesser products that have comeand, mostly, gone nowhereon the Web in recent years. But not those who, like [...]

On October 17, An International Monetary Fund (IMF) http://www.imf.org/external/index.htm team led by its head to Seychelles, Jean Le Dem, visited President James Michel to appraise him on how they find the economic reform going. Also, Vice-President Danny Faure, who is also the Minister for Finance, Central Bank Governor Pierre Laporte and principal secretary for Finance [...]

A previous article discussed the subject of maintaining your original Will in a safe location. A related question is whether you should destroy prior versions of your Will. There are at least two very good reasons for destroying prior versions of your Will. First, beneficiaries who received a greater bequest under a prior Will might [...]

Options trading entered the mainstream of retail investing over the past decade, helped along by the tools created by online brokers. Education has made the once-arcane topic more accessible, allowing retail investors to feel more confident about using options to hedge their stock investments. It’s worked. The Options Industry Council estimates that average daily trading [...]