20 January 2020

Nespresso Ispirazione Italiana

Transport yourself to iconic Italian cities with coffees inspired by the richness of Italian roasting tradition with the Nespresso Ispirazione Italiana coffee range.

ISPIRAZIONE NAPOLI

The darkest roast in this range pays tribute to this Italian capital of coffee by creating a creamy coffee that intensifies with every mouthful.

ISPIRAZIONE PALERMO KAZAAR

A long and dark roast inspired by the south that enhances the wildness and spiciness of this blend.

ISPIRAZIONE RISTRETTO ITALIANO

A medium dark roast that reveals its intensity with elegant fruity notes and a hint of acidity that dances through the blend.

ISPIRAZIONE FIRENZE ARPEGGIO

This short and dark roast combines cocoa notes with sweeter blends to create a velvety masterpiece.

ISPIRAZIONE ROMA

This short roast with elegant aromatics achieves woody and cereal notes with hints of acidity.

ISPIRAZIONE VENEZIA

A long roast harmonizing a hint of fruity and floral aromas, the distinct cereal fragrance, and luxurious notes of sweet caramel.

ISPIRAZIONE GENOVA LIVANTO

This sweet medium roast delivers a beautiful balanced and aromatic complexity of cereal and caramel notes.

ISPIRAZIONE RISTRETTO ITALIANO DECAFEINATTO

A medium dark roast that reveals its intensity with elegant fruity notes and a hint of acidity that dances through the blend.

ISPIRAZIONE FIRENZE ARPEGGIO DECAFFEINATO

This short and dark roast combines cocoa notes with sweeter blends to create a velvety masterpiece.

18 January 2020

Nespresso Professional : Origins - A Balance Of Land & Bean

From seed to sip, each coffee echoes the land it grows on and the care it receives. Specially selected for you and your customers, meet Origins: four characters as individual as the terroirs themselves.

PERU ORGANIC

Welcome to the remote Peruvian highlands where perfect natural conditions and farmer’s meticulous care bring you our first organic coffee.

It’s time to meet our pure organic coffee. The heady Peruvian altitude, remote geography and specific microclimate pair with extensive natural practices and care by smallholder farmers to bring you a finely balanced coffee with elegant fruit and smooth, toasted cereal notes.

ORIGIN GUATEMALA

From mineral-rich volcanic soil, the strength and explosive flavour of this Guatemalan Robusta coffee comes as no surprise, but its smoothness will.

From rich, bold volcanic soils comes a strong coffee to match. Meet Guatemala, a dynamic blend of Arabica and fine Robusta variety. A surprising washed process for the Robusta brings you a silky-smooth texture with an intense dry, malty cereal note while keeping the aromatic complexity as alive as the lands where it was grown.

ORIGIN INDIA

Born of exotic fields, among the spices and fruit trees, meet this blend of Arabica and Robusta that serves you a real taste of India.

Grown in the shade of exotic trees and spices in the historic lands where coffee first flourished in India, meet the spirited legacy to those beans - India. Intriguingly subtle and yet stimulatingly powerful, it’s testament to the incredible biodiversity of where it thrives. Expect an aromatic intensity that hits your palate with a noble punch worthy of its history.

ORIGIN BRAZIL

Get a taste of the rolling hills and savannahs of Brazil and meet this sweet, smooth coffee blend, enriched with fragile and renowned yellow bourbon Arabicas.

Bringing you an impossibly silky combination of mild Brazilian Arabicas from the arid savannahs of the Cerrado region and the highly regarded sweet Red and Yellow Bourbon Arabicas from the hilltop plantations of southern Brazil. Both elegant and delicate, this coffee’s soft honeyed and toasted cereal notes are neither bitter or acidic, just smooth beyond compare.

17 January 2020

Nespresso Professional: Peru Organic

It’s time to meet our first pure organic coffee. The heady Peruvian altitude, remote geography and specific microclimate pair with extensive natural practices and care by smallholder farmers to bring you a finely balanced coffee with elegant fruit and smooth, toasted cereal notes.


FRUITY AND ELEGANT

We travelled across remote Peruvian regions in search of the finest organic certified Arabica coffee beans. High up above 1000 meters - even up to 2100 meters - tucked into the slopes of the Andes, we found them. Made with organic processes passed down from generation to generation, this coffee is blessed with the meticulous care of smallholder farmers. Peru Organic is split-roast to reveal both the bright, juicy acidity and the elegant fruity notes accented by a smooth, toasted cereal note.


ORIGIN

In Peru, the Andes extend from North to South, separating the coastal desert from the tropical rainforest. Coffee grows here – high up in the Andes – between 1000 and 2100 meters. It’s a subtropical highland climate where the high humidity levels and altitude improve the quality potential of the coffee beans.

ROASTING

After going to such great lengths to source the finest Organic Peruvian coffee, it was only natural to take the same care in roasting this coffee. Peru Organic is a single-origin coffee roasted in two parts to bring a nuanced complexity to the final cup. The two splits are lightly roasted and highlight the bright and smooth character of the blend while revealing the exotic fruity notes.


AROMATIC PROFILE

Peru Organic is a fruity coffee with distinct green vegetable notes. The coffee’s fine acidity is beautifully balanced by its contrasting aromas of toasted sweet cereals.

15 January 2020

Singapore: MAS and ACRA Launch Variable Capital Companies Framework

The Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) launched the Variable Capital Companies (VCC) framework today. The VCC is a new corporate structure that can be used for a wide range of investment funds and provides fund managers greater operational flexibility and cost savings. It will encourage more funds to be domiciled in Singapore and enhance its value as an international fund management centre.

14 January 2020

Mauritius: FSC issues the AML-CFT Handbook

As part of the Financial Services Commission initiatives to assist the financial institutions in applying national measures to combat money laundering and terrorist financing, the Commission has developed its Anti-Money Laundering and Countering the Financing of Terrorism Handbook (the ‘AML/CFT Handbook’). The aim of the Handbook is to assist the financial institutions under the purview of the Commission in complying with the requirements of the FIAMLA and the FIAML Regulations 2018. It consolidates the Commission’s guidance on anti-money laundering, financing of terrorism and financing of proliferation of weapons of mass destruction.

This AML/CFT Handbook is designed to provide guidance to all financial institutions. Under the FIAMLA, a financial institution is an institution, or a person, licensed or registered or required to be licensed or registered under – 

(a) section 14, 77, 77A or 79A of the Financial Services Act;

(b) the Insurance Act;

(c) the Securities Act; or

(d) the Captive Insurance Act 2015;

11 December 2019

Raconteur: Wine & Spirits 2019

In 2019 the UK spirits market made £344 billion in revenue, but how is the wine and spirits industry preparing for shifts like climate change, Brexit, and unexpected competition? Our Wine & Spirits special report explores how the UK wine industry is reaping the benefits of extreme climate changes. It examines how investors can begin investing in wine, an area often considered inaccessible and intimidating, and thereby diversify their portfolios. It also looks at whether the cannabis industry will threaten alcohol sales and consumption in the future. Finally, the featured infographic looks at the £370 billion global wine industry, from average consumption to countries’ preferred imports and exports.

30 November 2019

Fifty Shades of Green by Mark Carney

The world needs a new, sustainable financial system to stop runaway climate change

10 November 2019

Raconteur: Future CEO 2019

How has the CEO role evolved, and what are the biggest management and operational challenges facing business leaders? The Future CEO special report, published in The Sunday Times, covers the changing CEO role from traditional command and control to one of inclusive and purposeful leadership. It explores how business leaders of tomorrow need to prioritise self-development and ensure they are constantly renewing their skills and capabilities to have an impact on society, beyond pursuing profits and wealth. It examines the top five traits investors look for in a leader and why female representation on UK boards is on the rise, but that doesn’t necessarily mean female CEOs are. Also featured is an infographic on how CEOs are balancing their responsibilities and what their top priorities are as their role develops.

09 November 2019

Vivien Teu & Co - Tax in the transparent world: a review and update on automatic exchange of information

The Organisation for Economic Cooperation and Development (“OECD”) has in recent years doubled up efforts of (non-US) tax authorities globally towards chasing taxpayers who are flying under the radar of their home countries’ tax authorities and who do not declare their income or gains arising from assets or investments held overseas. As a responsible member of the international community and in keeping up its international reputation and competitiveness as an international financial centre, Hong Kong has also adopted automatic exchange of information between tax authorities, moving from its previous position of providing information only upon request. 

In this synopsis, we provide an outline of the global changes that have driven the enhancement of tax transparency – more specifically, the international standard on automatic exchange of financial account information in tax matters, which has now been implemented by many jurisdictions globally including Hong Kong and China.

01 November 2019

Raconteur: Future CFO 2019

71 per cent of finance leaders say they are increasingly responsible for ethical decision-making in support of their organisation’s purpose. The Future CFO special report covers the ever-changing CFO role beyond that of number crunchers to that of value leaders. It explores why CFOs need to upskill, why so many are burning out, and how repositioning them at the centre of business is beneficial. Also featured is an infographic on how CFOs create value within the company beyond finance activities.

31 October 2019

OECD releases guidance on the spontaneous exchange by no or only nominal tax jurisdictions

As part of BEPS Action 5 to curb harmful tax practices, jurisdictions may only maintain preferential regimes if certain "substantial activities" requirements are met. In order to ensure a level playing field,  these requirements must also apply to jurisdictions with zero or only nominal tax rates. As a result, the Inclusive Framework on BEPS decided in November 2018 to resume the application of the substantial activities requirement for no or only nominal tax jurisdictions. This will ensure that substantial activities must be performed in respect of the same types of mobile business activities, regardless of whether they take place in a preferential regime or in a no or only nominal tax jurisdiction.

Against that background, the new substantial activities standard for no or only nominal tax jurisdiction, requires them to spontaneously exchange information on the activities of certain resident entities with the jurisdiction(s) in which the immediate parent, the ultimate parent and/or the beneficial owners are resident. This information will allow the tax authorities of these jurisdictions to assess the substance and the activities of the entities resident in no or only nominal tax jurisdictions.

In order to ensure that these spontaneous exchanges take place in a coordinated and efficient manner, the guidance released today sets out the practical modalities regarding the exchange of information requirements of the Standard.

It contains guidance on the timelines for the exchanges, the international legal framework and clarifications on the key definitions in order to make sure that jurisdictions receive coherent and reliable information on the activities of the entities in no or only nominal tax jurisdictions and their owners.

It is expected that exchanges pursuant to the standard will commence in 2020.

The guidance also contains a standardised IT-format for the spontaneous exchanges, the NTJ XML Schema and the related user guide.

24 October 2019

FATF: Best Practices on Beneficial Ownership for Legal Persons

Anonymous shell companies are one of the most widely used methods for laundering the proceeds of crime and corruption.  New FATF Best Practices help countries get rid of the cloak of secrecy concerning the ultimate owner of a company, foundation, association or any other legal person, and prevent their misuse for crime and terrorism.

The Financial Action Task Force (FATF) is the global standard-setter for measures to fight money laundering and terrorist financing.  In 2003, the FATF became the first international body to set global standards on beneficial ownership. It required countries to ensure that their authorities could obtain up-to-date and accurate information about the person(s) behind companies and foundations and other legal persons.  The FATF further strengthened and clarified its beneficial ownership requirements in 2012.

Nevertheless, the assessments of countries actions’ in this area since then show that many countries still find it challenging to ensure transparency of ownership of legal persons. Many are not able to effectively prevent criminals and terrorists from hiding their identity and illegal activities behind the façade of seemingly legitimate activity.

The FATF has finalised best practices with examples from across the global network of FATF and FATF-Style regional bodies' members, which will help countries implement the FATF’s requirements.  The report highlights that jurisdictions using a multi-pronged approach with several sources of information are often more effective in preventing the misuse of legal persons for criminal purposes. 

The report identifies the most common challenges that countries face in ensuring that the beneficial owner(s) of legal persons is identified, and suggests key features of an effective system.

The paper also suggests options for jurisdictions to obtain beneficial ownership information of overseas entities.

22 October 2019

Raconteur: Fighting Fraud 2019

Insurance fraud in the UK is on the rise, in 2018 alone UK insurance fraud cases reached a combined value of £17 million, almost £5m more from 2017. The Fighting Fraud special report explores the cost of fraud for various global industries, Brexit causing UK fraud concerns to rise, and the dark side of medical image manipulation. It examines the importance to educate and caution younger generations on financial risks with online data sharing and emerging technologies that help to combat the rise in cybercrime. Finally, it covers the real cost of cybercrime through an infographic looking at what companies stand to lose with poor cybersecurity.

Nespresso Launches its First-ever Cafecito de Puerto Rico Coffee and Reaffirms its Commitment to Reviving the Island's Coffee Sector

Coffee has been a part of Puerto Rico’s rich culture and heritage for generations, but in 2017, hurricanes Maria and Irma destroyed more than 80 percent of the island’s coffee harvest and trees. Working alongside the Hispanic Federation, TechnoServe, and others, Nespresso is helping coffee farmers and communities replant their land, reclaim their futures and restore Puerto Rico’s incredible coffee industry.

Our efforts in Puerto Rico are part of the Nespresso REVIVING ORIGINS program, which helps revitalize coffee production in farming regions that are under threat due to political conflict, economic hardship or environmental disasters.


Zesty and intense, Cafecito de Puerto Rico is a limited edition coffee that highlights the natural earthiness of Puerto Rico's coffee beans. Perfect on its own, Cafecito de Puerto Rico also mixes perfectly with cream and brown sugar for a "Café Cortadito," a favorite of locals in the city of San Juan.

Reviving Origins by Nespresso - Puerto Rico

"Nespresso has a long legacy of supporting coffee growing regions and communities around the world. We established our Reviving Origins initiative to help farmers revive their coffee farms in areas where production has been negatively impacted or completely destroyed by natural disasters or other adversities," said Guillaume Le Cunff, President and CEO of Nespresso USA. "Coffee is vital to Puerto Rico's rich and vibrant culture and economy. By leveraging the Hispanic Federation's deep understanding of the needs on the island, we can support farmers' livelihoods and foster economic opportunity while offering U.S. customers a truly unique coffee experience."

In October 2018, working alongside the Hispanic Federation, global non-profit TechnoServe, and other organizations, Nespresso committed $1 million as part of a three-year initiative to help revitalize Puerto Rico's coffee industry. The effort plans to reach 1,500 farmers in Puerto Rico through on-the-ground training and mentoring in agronomic and business skills that will help farmers improve the quality and quantity of their crop yields and increase their incomes.

Nespresso Ambassador George Clooney and acclaimed playwright and actor, and proud Puerto Rican, Lin-Manuel Miranda joined forces with Nespresso and the Hispanic Federation to champion the importance of coffee farming in Puerto Rico and spotlight the transformative power coffee can have on farmer livelihoods, communities, and the island's revitalization efforts.



"Puerto Rico still needs our help, and it will take a tremendous effort from both private and public organizations to ensure efforts on the ground have a meaningful and lasting impact," said José Calderón, President of the Hispanic Federation. "We're pleased with the progress we're making, but it is only the beginning. With the help of Nespresso and its consumers, we're optimistic about the future of coffee on the island."

Contributions to the Hispanic Federation will support the organization's efforts with World Coffee Research and Puerto Rico Coffee Roasters to plant 2.25 million new coffee trees in Puerto Rico. In addition to funding the initial revitalization initiative, Nespresso has committed 50,000 trees to this effort. Starting in November, Nespresso consumers can further support these efforts by simply recycling their capsules using a limited edition recycling bag. Every Puerto Rico recycling bag represents one new coffee tree that will be planted on the island. To celebrate coffee, culture and art in Puerto Rico, the bag features original artwork, titled Inspiration, by Puerto Rican artist Gerardo Cloquell.

18 October 2019

Mauritius - Kenya: Expansion of the Double Taxation Avoidance Agreement (DTAA) network

A Protocol amending the Double Taxation Avoidance Agreement (DTAA) network finalised by Mauritius and Kenya on 10 April 2019, was signed on Wednesday 16 October 2019, in Washington, by the Financial Secretary of the Ministry of Finance and Economic Development, Mr Dharam Dev Manraj. The latter is presently attending the IMF/World Bank meetings. Discussions by technical teams of both parties were successfully concluded in September.

The DTAA will eliminate double taxation and provide greater tax certainty for Mauritian businessmen.  It will make clear the taxing rights of Mauritius and Kenya on all forms of income arising from cross-border economic activities between the two countries.  Mauritian businessmen and investors looking for opportunities in Kenya will benefit from this Agreement as will the Kenyan businessmen and investors looking for opportunities in Mauritius.

The Agreement aims at encouraging greater cross-border investment flows between the two countries. The DTAA will ensure that income derived by investors do not suffer double taxation, and will provide greater tax certainty for businessmen of both countries as it makes clear the taxing rights of Mauritius and Kenya on all forms of income arising from cross-border economic activities.

Moreover, it will enable investors to enjoy more favourable tax rates than what is applied under the domestic law.  The Mauritius-Kenya DTAA will also bring the competitiveness of Kenyan companies at par with other African countries already having a DTAA with Mauritius.

In addition, the Mauritius-Kenya DTAA will offer Kenyan companies with fiscal certainty in their international business operations involving Mauritius. As such, Mauritian businessmen and investors looking for opportunities in Kenya will benefit from this Agreement as will the Kenyan businessmen and investors looking for opportunities in Mauritius.

The DTAA will also provide Mauritius-Kenya tax authorities an effective mechanism to fight tax evasion and other malpractices.

16 October 2019

Raconteur: Cloud for Business 2019

Adopting cloud technology can transform your business, but finding the best strategy is not always easy. The Cloud for Business special report explores various cloud business models, what to look for when deciding on a cloud service beyond initial cost, and five ways to make the most of a multi-cloud approach. It also examines overcoming your data quality issues to become more data enabled and the impact of cloud technologies on employee development, the workforce, and overall business performance. Also featured is an infographic showing how different companies are approaching cloud deployment.

Raconteur: Combating Cancer 2019

In the UK, 340 people are diagnosed with cancer every day so what is being done to combat the disease? The Combating Cancer special report explores pilot assessment centres for patients who present inconclusive symptoms and how immunotherapy advancements are giving patients a new lease on life. It covers dealing with cancer in the workplace, using proton beam therapy for hard-to-treat cancers, and the use of art to help cancer patients in hospitals. Also featured is an infographic showing the rising global rates of obesity and cancer.