French justice minister calls for end to Qatari tax breaks
France’s justice minister Francois Bayrou has said France should end tax breaks to Qatari investors on property deals, just days after several Arab countries severed ties with the Gulf Arab state.
Middle East | 8 Jun 17
UAE securities regulator re-opens door for fund registrations
Asset managers can now complete the process of registering and promoting funds in the UAE following the release of fresh guidance from the Securities and Commodities Authority (SCA).
Holborn Assets ‘temporarily’ ceases all regulated UK activities
Holborn Assets Ltd has applied to the Financial Conduct Authority to temporarily cease all of its regulated activity with immediate effect, but has no plans to close its UK operations, managing director Christopher Wicks confirmed to International Adviser.
Why a wealth tax in South Africa won’t work
In April, a committee set up to review South Africa’s tax system unveiled plans to introduce a new wealth tax as the country struggles to deal with extreme income inequality and a dwindling tax base. Here we look at the reasons it’s unlikely to work.
China’s regulator zeroes in on fund performance fees
The China Securities Regulatory Commission (CSRC) has proposed new rules that require an asset management firm to inject at least RMB 10m (£1.16m, €1.33, $1.5m) into mutual funds that levy a performance fee.