Contents EDITOR
Ciara Fitzpatrick ciara@ifcreview.com EDITORIAL ASSISTANTS
Michael Agnew editorial@ifcreview.com Ryan McMurtry editorial2@ifcreview.com DESIGN AND PRODUCTION
Colin Halliday Kellie Mills production@ifcreview.com DISPLAY SALES
Comment 4
News
6
Comment ............................................Prof Michael Mainelli
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In the Chair ......................................... Mark Simmonds MP
Cover Feature
12 Tax Co-operation Past, Present and Future ............................................................Prof Allison Christians 18 Here Comes FATCA..........................................Scott Michel 20 FATCA Offspring ...........Louise Gonçalves and Eran Shay 22 Is the Automatic Exchange of Information Good for the Wealth Management Industry and IFCs?
DIRECTORY SALES
Regulation & Policy
ADMINISTRATION
Claire Davison claire@ifcreview.com ACCOUNTS
Fiona Brennan accounts@ifcreview.com PUBLISHER & CHIEF EXECUTIVE
Robert Ayres rob@ifcreview.com
IFC Review
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The Big Debate
Ryan O’Hara ryan@ifcreview.com Adam Whitehurst ads@ifcreview.com Toby Podmore directories@ifcreview.com
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26 Transparency & Trust: The Problem with Beneficial Ownership ...................................................... Anna Steward 30 The World Moves Towards Tax Transparency ................. .......................................................................... Monica Bhatia
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32 Revised Parent and Subsidiary Directive: Towards a Fairer Tax System .........................................Thomas Neale
Gibraltar in Focus
34 Q&A with ...........................................................Paul Astengo 36 Rising to the Challenge ............................Michael Castiel
Offshore In Practice: Asia
38 An Asian Welcome for Offshore ................. Frances Woo
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41 IPO Resurgence in Hong Kong ......................................... ......................................Richard Grasby & Richard Spooner 46 Challenges for Wealth Structuring in Asia ..................... ......................................................................Paul Christopher 48 Enforcing BVI Equitable Share Mortgages in Asia – Receivership ....................... Robert Foote & Faye Griffiths 50 Segregated Structures – An Offshore Innovation ........ ............................................................................Alan Dickson
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Sector Research
52 Chinese Incorporation for Institutional Arbitrage and Access to Finance ................................................................. ........ Dylan Sutherland, Hinrich Voss, and Peter J Buckley
Indian Ocean Outlook
56 Mauritius: The African Success Story.............................. ................................................................Nikhil Treebhoohun 59 The Seychelles Vision ................................ Rupert Simeon
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The Last Word: The BVI IBC 60 The BVI Act and the building of a Nation .................. ................................................................... Colin Riegels
Professional Directory 64 Professional Directory
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