Tax & Regulation | 16 Jun 17
IoM’s New Earth boss slams regulator probe a ‘witch hunt’
John Bourbon, the former director of Isle of Man-based Premier Group, the company behind the ill-fated £300m New Earth Group of funds, has described the regulator’s decision to investigate allegations of mis-selling against the fund manager “something of a witch hunt”.
United Kingdom | 15 Jun 17
Former Lumiere boss Chris Byrne faces further fraud charges
The founder and managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Byrne, is facing further charges related to his role in selling investments in the now-collapsed Providence Funds.
Netherlands urged to slash 30% expat tax break
The Dutch government may be looking to reduce a 30% tax break used by wealthy expats after it was deemed “too generous”, according to a new report.
Tax & Regulation | 14 Jun 17
Gibraltar loses landmark lawsuit on EU passporting
Gibraltar has lost a landmark legal battle to be recognised as a separate EU state for tax purposes, in a ruling that deals a further blow to the British overseas territory’s hopes of securing a special status post-Brexit.
New entrant Singapore Life receives licence to target HNWs
New insurer Singapore Life has become the first local insurer in nearly half a century to receive a licence from the Monetary Authority of Singapore (MAS) to operate as a direct life insurer.