Tax & Regulation | 9 Jun 17
Int’l IFAs expect ‘softer Brexit’ as British PM clings to power
As Britain adjusts to the news that prime minister Theresa May will form a minority government backed by Northern Ireland’s Democratic Unionists, advisers around the world expect that the UK’s shocking hung parliament result will lead to a “softer Brexit” approach.
Tax & Regulation | 9 Jun 17
May’s ‘moment of madness’ dementia tax backfires in UK election
The UK Conservative Party’s pledge to introduce a so-called ‘dementia tax’ could have cost prime minister Theresa May a clear majority in the UK general election, say UK advisers, as Britain now faces the prospect of a Conservative government backed by Northern Ireland Unionists.
Tax & Regulation | 9 Jun 17
UK hung parliament ushers in uncertainty over Finance Bill
Financial advisers in the UK are facing an unprecedented period of uncertainty as Britain woke up to a hung parliament on Friday, casting doubts over the future of key tax policies dropped from the Finance Bill in the run up to the snap election.
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.
Best Practice | 7 Jun 17
Tax evasion crackdown will see wealth managers lose $13bn
Wealth managers around the world will lose around $13bn (£10bn, €11.5bn) of annual revenue due to a global crackdown on tax dodging as clients are set pull out $1.1trn out over the next few years, a new report suggests.