Gibraltar continues to be an attractive European jurisdiction for the establishment of funds, especially Experienced Investor Funds. One of the many benefits to setting up in Gibraltar is that the Commissioner of Income Tax has a discretion to exclude a fund's income from the calculation of income tax.

Gibraltar offers compelling tax advantages to High Net Worth Individuals via the opportunity to take-up Category 2 Status.

The procedures for registering a ship are simple and efficient, and the current tax regime makes Gibraltar an attractive venue for registering ships.

Today, Secretary Salazar announced that the Department of the Interior will not withdraw the Polar Bear Special 4(d) Rule, commenting that “the Endangered Species Act is not the proper mechanism for controlling our nation’s carbon emissions.”

EPA published its long-awaited proposed endangerment finding this week. Notably, the scope of the proposal only included the endangerment finding.

Negotiations continue behind closed doors as aides for Waxman and Markey work to find common ground with moderate Democrats from the Subcommittee on Energy and Environment in order to avoid a public dust-up in a mark-up.