Offshore jurisdictions such as the Isle of Man are often used by wealthy families and international companies to mitigate their tax exposure and as a consequence company and trust structures are formed to own and manage assets in various jurisdictions.
On 18 January 2021, the Royal Court of Jersey handed down a judgment which materially contributes to the use of court-appointed receiverships in the Island.
Accountancy continues to be one of the most popular options for young people who are considering their career options. In Malta the accountancy profession can boast full employment.