HMRC defeats Disney avoidance scheme
HM Revenue & Customs has defeated in the Court of Appeal a tax avoidance scheme which made false investments into Disney films.
United Kingdom | 17 Feb 15
Asset management CEOs bullish on revenues
A report produced by PwC has revealed 88% of asset management CEOs are confident about revenue growth this year.
FECIF firmly disagrees with
The European Federation of Financial Advisers and Intermediaries (FECIF) has said it “firmly disagrees” with a requirement in MiFID II for asset managers to provide clients with information on inducements paid to advisers.
Incompetent directors escape record 111m fine
The highest court in the Cayman Islands has thrown out a record fine given to two directors who operated a fund which caused investors to lose millions.
Tax & Regulation | 16 Feb 15
Tax evasion inquiries by foreign govts soar by 45%
Britain’s tax office has seen a surge in foreign governments making information requests about tax evasion over recent years.