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London-to-Accra economic growth summit ushers in new era of economic and investment agenda
The British High Commission in Accra, in partnership with the Bank of Ghana, will host the inaugural London-to-Accra Economic Growth Summit on 6 January 2026.
Overcoming Logistics Challenges in International Projects
International industrial projects promise opportunity, but also bring complications. For project leaders, engineers and logistics professionals, the question isn’t whether challenges will arise, but how they’ll be managed. From variable infrastructure to customs compliance, successful delivery across borders requires foresight, flexibility and the right partners.
Switzerland: providing services and travelling for business
Guidance for UK businesses on rules for selling services to Switzerland.
UK lands trade deal with South Korea to boost jobs and exports
UK lands momentous trade deal with South Korea to boost jobs and exports
New laws bring the world of work into the 21st century
Over 15 million people across the UK are expected to benefit as the Employment Rights Act receives Royal Assent.
Substance & De-offshorisation
The challenge The Organisation for Economic Co-operation and Development (OECD)is currently committed to a process called ‘de-offshorisation’ which, in real terms, calls for a complete dismantling of the offshore corporate sector.
In line with this initiative, the OECD has ramped up its Common Reporting Standards (CRS) technology and has sent committees to many small economies to push for the implementation of the global action plan on Base Erosion and Profit Shifting (BEPS).
These actions mean that countries that do not implement BEPS will be blacklisted. The fallout of this initiative has already affected the British Virgin Islands, St Vincent, the Grenadines, Belize, and the Seychelles.
Many more countries have begun to dismantle their offshore tax legislation and now insist on substance or taxation, or both.
The solution: Redomicilation
The immediate solution is to redomicile from countries that are changing their tax rules to countries that don’t intend to change their tax rules – or move to destinations that already have a system in place that satisfies the OECD.
The long-term goal is to also provide substance to the extent that your company will be recognised as a centre of management of your business.
A further related solution is the use of the trust. So far and in the near future, the OECD does not have a policy of blacklisting or attacking jurisdictions that have a comprehensive and well-accepted trust regime in place.