Tax & Regulation | 17 Jul 17
Four reasons why HMRC had a bumper year
Latest figures from the UK tax office show that it netted £29bn ($37.6bn, €32.9bn) in the past year just by cracking down on tax evaders, with overall tax coffers up 7% to £580bn in 2016/17. Here’s a breakdown of why HMRC is having a record year in revenues, according to its annual report.
UBS AM granted private fund license in China
Swiss bank UBS has announced that its Chinese asset management arm has been granted a license to manage money for institutions and wealthy investors onshore in China.
Tax & Regulation | 13 Jul 17
UK to bring in non-dom reforms ‘as soon as possible’
The UK government has announced it will introduce long-anticipated changes to the rules governing non-UK domiciles “as soon as possible”, after they were postponed earlier this year because of the snap election.
Woman jailed for faking own death in £140k life insurance scam
A mother and her son have been convicted of insurance fraud by UK police after the pair faked the mother’s death in Zanzibar to claim £140,000 ($174,387, € 163,557) on her life policy.
Zurich underlines commitment to Middle East after Cigna deal
Zurich’s Middle East business has said it will continue to sell life policies in the region following the sale of its general insurance unit to healthcare provider Cigna.