Tax & Regulation | 5 Apr 17
HMRC gets tougher on APN avoiders amid Karen Millen bankruptcy
The UK tax office has taken action against 14 users of tax avoidance schemes who failed to pay controversial accelerated payment notices (APNs) since their introduction in 2014 as last week high-profile British fashion designer Karen Millen was declared bankrupt over her £6m ($7.5m, €7m) unpaid bill.
Aus court condemns advice firm’s commission-style breaches
An Australian court has ruled against advisory firm NSG over its commission-style pay packages, which encouraged financial advisers to sell products rather than provide the best advice to clients.
Tax & Regulation | 4 Apr 17
HMRC launches new tax fraud hotline
HM Revenue and Customs (HMRC) has launched a hotline for the public to report tax fraud and evasion.
HSBC Singapore becomes a ‘direct life insurer’
HSBC Insurance (Singapore), the life insurance arm of the banking giant, is officially a Tier 1 insurer under rules set out by financial services regulator.
SA expats in UAE could use tax treaty to avoid new income levy
South African expats working in the Emirates could be exempt from a new tax on their foreign income under the terms of a recently-signed double tax treaty between South Africa and the United Arab Emirates (UAE).