Tax & Regulation | 23 Jun 17
UK IFA promoting Brazilian teak scheme enters liquidation
Total Wealth Solutions, which has links to the collapsed Brazilian teak forestry scheme Para Sky Plantation, has entered voluntary liquidation, just months after the UK’s Financial Ombudsman Service (FOS) upheld a complaint against the financial advice firm.
Footballer to pay €2m to settle Spanish tax fraud case
Former Manchester United winger Angel di Maria has agreed to pay €2m ($2.2m, £1.76m) to settle tax fraud charges in Spain in the latest high-profile tax scandal to rock the football industry.
Tax & Regulation | 22 Jun 17
Woman loses £50m UK divorce case over ‘sham offshore trust’
A woman in the UK has lost a £50m (€56.7m, $63.2m) divorce court battle after failing to prove her millionaire husband’s offshore trust was a sham.
Tax & Regulation | 21 Jun 17
UK Queen’s Speech fails to address Finance Bill ‘limbo’
Key tax policies dropped from the Finance Bill in the run up to the general election will now be reviewed over the summer, the UK has announced, as the Queen’s Speech gave little clarity on the government’s tax plans for the coming year.
Tax & Regulation | 21 Jun 17
CGT and IHT may fall victim to ongoing UK election stalemate
Attractive exemptions to the inheritance tax (IHT) regime as well as low capital gains tax rates could face the chopping block amid concerns that Britain is heading for a second general election this year.