EU Savings Tax Directive: The Markets Response

PR Newswire - A United Business Media Company

Search Blogs that Mention this News Release

Click this link to view linked Bookmarking Services

Click this link to view linked Blogging Services

EU Savings Tax Directive: The Markets Response

		Research and Markets logo. (PRNewsFoto) LONDON XEN

    DUBLIN, Ireland, Oct. 25 /PRNewswire/ -- Research and Markets
(http://www.researchandmarkets.com/reports/c8044) has announced the addition
of EU Savings Tax Directive: the markets response to their offering.
    (Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH )

    Introduction
    Drawing on the results of our Offshore Market Leaders Survey of 95
offshore financial services companies about the impact of the impending EU
Savings Tax Directive, this report analyzes what companies are doing to inform
customers and to develop products and services to mitigate the Directives
effects.

    Scope
     -- Analyzes the definition of the EU Savings Tax Directive to understand
        the extent of its coverage
     -- Presents the results of our Offshore Market Leaders Survey 2004 to
        provide insight into how providers view the Directive.
     -- Summarizes the ways in which financial services companies can mitigate
        its effects
     -- Analyzes the extent to which wealth managers have pursued various
        mitigation strategies and suggests how others should react

    Highlights
    The opening paragraph of the European Savings Tax Directive makes
reference to a number of key terms. Taken in turn, these are interest
payments, individuals and another member state. Upon closer inspection, each
offers wealth managers scope to mitigate the Directives effects on their
clients.
    The Directive is clearly seen as a negative event for jurisdictions within
its remit. Results from our Offshore Market Leaders Survey 2004 show the
Directive to be considered the single biggest threat to offshore revenues over
the next two years. Over half of the industry harbors serious concerns that it
will drive assets onshore.
    The market has responded to the Directive along three broad themes. These
are: by augmenting their existing product portfolio; by developing their
ability to offer trust and company structures; and by putting in place an
ability to manage assets from other jurisdictions.

    Reasons to Purchase
     -- Aids understanding by providing a comprehensive point of reference on
        what the Directive is and what it aims to achieve
     -- Offers competitor intelligence on the different ways in which wealth
        managers are reacting to the Directive
     -- Supports strategic planning by outlining the ways in which the
        Directives effects may be mitigated and how different players should
        react

    Report Contents:

     -- Introduction 7
     -- Scope of the EU Savings Tax Directive 8
     -- Its objectives and key terms 8
     -- "Savings income in the form of interest payments" 8
     -- "Beneficial owners who are individuals" 9
     -- "Resident for tax purposes in another Member State" 10
     -- Timing of implementation 12
     -- Attitude of offshore providers 14
     -- What effect are offshore providers anticipating from the Directive? 14
     -- How does it compare to other competitive pressures? 15
     -- Should customers be told of its implications? 17
     -- Approaches to mitigating its effects 19
     -- Augmenting the existing product portfolio 19
     -- Developing trust and company structures 22
     -- Managing assets from other jurisdictions 24
     -- Appendix 29
     -- Data tables 29
     -- Offshore Market Leaders Survey 31
     -- Further reading 32
     -- SPP Team 34

    For more information visit http://www.researchandmarkets.com/reports/c8044

     Laura Wood
     Senior Manager
     Research and Markets
     press@researchandmarkets.com
     Fax: +353 1 4100 980

SOURCE Research and Markets

http://www.researchandmarkets.com/reports/c8044
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH
CONTACT:
Laura Wood, Senior Manager, Research and
Markets, press@researchandmarkets.com, Fax: +353-1-4100-980

Industry & Market Focus

Choose links below to browse the latest Industry News and related resources from PR Newswire.

Auto & Transportation News
Banking & Financial Services News
Business Services & Consultancy News
Energy News
Entertainment & Media News
Government & Policy News
Health News
Heavy Industry News
Retail News
Sports News
Technology News
Travel News

International News
Multicultural News
News For Investors
Trade Shows

Add your news release

PR Toolkit for Communicators

Submit Feedback

Roll over the links at left to see what's included
on each page, then click the link to get there.

Auto & Transportation includes:

•  Aerospace & Defense

•  Airlines & Aviation

•  Automotive

•  Maritime & Shipping

•  Retail & Automotive Sales Reports

•  Transportation

•  Travel News

Roll over the links at left to see what's included
on each page, then click the link to get there.

Banking & Financial Services includes:

•  Accounting

•  Banking & Financial Svcs

•  Financing Agreements

•  Insurance

•  Mutual Funds

•  News for Investors

•  Public Offerings

•  Real Estate

Roll over the links at left to see what's included
on each page, then click the link to get there.

Energy includes:

•  Chemical

•  Discoveries

•  Environmental Services

•  Mining & Metals

•  Oil & Gas

•  Utilities

Roll over the links at left to see what's included
on each page, then click the link to get there.

Entertainment & Media includes:

•  Advertising

•  Art

•  Books

•  Entertainment

•  Film & Motion Pictures

•  Magazines

•  Multimedia & Internet

•  Music

•  Publishing & Information

•  Radio

•  Television

Roll over the links at left to see what's included
on each page, then click the link to get there.

Government & Policy includes:

•  Conservation / recycling

•  Corporate Social Responsibility

•  Domestic Policy

•  Economic News & Analysis

•  Education

•  Election & Campaign

•  Environment

•  European Government

•  Federal Executive Branch

•  Federal & State Legislation

•  Foreign Policy

•  Homeland Security

•  Higher Education

•  Labor

•  Legal

•  Not-for-Profit

•  Trade Policy

•  U.S. State Policy News

Roll over the links at left to see what's included
on each page, then click the link to get there.

Health includes:

•  Healthcare & Hospitals

•  Biotechnology

•  Medical & Pharma

•  Supplemental Medicine

Roll over the links at left to see what's included
on each page, then click the link to get there.

Heavy Industry includes:

•  Aerospace & Defense

•  Agriculture

•  Chemical

•  Construction & Building

•  Machinery

•  Mining & Metals

•  Paper & Forest Products

•  Textiles

•  Tobacco

Roll over the links at left to see what's included
on each page, then click the link to get there.

News for Investors includes:

•  Banking & Financial Services

•  Bankruptcy

•  Conference Calls

•  Contracts

•  Dividends

•  Earnings

•  Earnings Projections

•  Investment Opinions

•  Joint Ventures

•  Mergers, Acquisitions & Takeovers

•  Mutual Funds

•  OTC & SmallCap

•  Public Offerings

•  Rating Agency

•  Restructuring & Recapitalization

•  Sales Reports

•  Shareholder Rights

•  Stock Splits

•  Venture Capital

Roll over the links at left to see what's included
on each page, then click the link to get there.

International News includes:

•  English

•  Israel

•  Español

•  Português

•  China

•  Asia Net

•  Brazil

•  Canada

•  France

•  UK & Europe

Roll over the links at left to see what's included
on each page, then click the link to get there.

Multicultural includes:

•  African-American

•  Asian-American

•  Children Related

•  Handicapped/Disabled

•  International News

•  Lesbian/Gay/Bisexual

•  Native American

•  Religion

•  Senior Citizens

•  US Hispanic

•  Veterans

•  Women Related

Roll over the links at left to see what's included
on each page, then click the link to get there.

Retail includes:

•  Fashion

•  Food & Beverages

•  Household & Consumer

•  Office Products

•  Restaurants

•  Retail

•  Sales Reports

•  Supermarkets

Roll over the links at left to see what's included
on each page, then click the link to get there.

Sports includes:

• Sports

Roll over the links at left to see what's included
on each page, then click the link to get there.

Technology includes:

•  Consumer Electronics

•  Design Automation

•  Electronic Commerce

•  Hardware

•  Internet

•  Multimedia & Internet

•  Networks

•  Performance Management

•  Peripherals

•  Security

•  Semiconductors

•  Software

•  Technology

•  Telecommunications

Roll over the links at left to see what's included
on each page, then click the link to get there.

Travel includes:

•  Airlines & Aviation

•  Auto & Transport News

•  Gambling & Casinos

•  Leisure, Hotels & Restaurants

•  Sports News

•  Travel

Roll over the links at left to see what's included
on each page, then click the link to get there.

Trade Shows includes:

•  Automotive

•  Entertainment

•  Financial

•  Healthcare and Biotech

•  Retail

•  Sports

•  Technology

Roll over the links at left to see what's included
on each page, then click the link to get there.

Business Services & Consultancy includes:

•  Advertising

•  Agency News

•  Small Business Services

•  Workforce Management/Human Resources

Roll over the links at left to see what's included
on each page, then click the link to get there.

Public Issues includes:

• Public Safety

Roll over the links at left to see what's included
on each page, then click the link to get there.

Welcome to PRN Direct.

PRN Direct is our secure customer dashboard
for PR Newswire members.

Roll over the links at left to see what's included
on each page, then click the link to get there.

PR Toolkit.

Get the Word Out About your Products & Services.