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OECS Financial Sector ‘Broadly Stable”

The financial sector in the Organisation of Eastern Caribbean States (OECS) remained “broadly stable” last year and economic growth in the nine-member sub-regional grouping is projected at 3.1 per cent this year and 3.6 per cent in 2020. Grenada’s Prime Minister Dr. Keith Mitchell, who chaired the one-day meeting of…
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Bermuda to be Removed from EU Blacklist

The European Commission is set to reverse its decision of including the British overseas territory on a list of global tax havens after the jurisdiction amended its legislation in order to comply with EU standards. The European Union's tax commissioner, Pierre Moscovici, said the EU Code of Conduct (Business Taxation)…
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An Old Tax Dodge for the Wealthy Is Making a Comeback

Advisors are dusting off an old tax-savings strategy after it got an enormous boost under the new tax law, enabling taxpayers to wipe out massive potential tax obligations on appreciated assets. The maneuver is simple: You give a highly appreciated asset—such as stocks that have gone up in value—to a…
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