United Kingdom | 3 Dec 14
Osborne UK course prosperity Autumn Statement
The chancellor of the exchequer has said we stay on the course to prosperity in his final Autumn Statement prior to the General Election.
Govt continues tax crackdown
George Osborne has used this year’s Autumn Statement to announce a further hardening of the UK Government’s stance against offshore tax evasion, with a particular focus on tax avoidance promoters, and, for the first time, inheritance tax (IHT).
FSCS recovers £100m from Keydata collapse
The Financial Services Compensation Scheme (FSCS) has recovered £100m so far in compensation for the failing of life settlement firm.
Lloyds puts offshore tax planning arm up for sale
Lloyds Banking Group has reportedly put its offshore investment and tax planning business, Clerical Medical International (CMI), up for sale.
North America | 2 Dec 14
DeVere labels Boris Johnson’s US tax defiance noble
The mayor of Londons’ refusal to comply with the Foreign Account Tax Compliance Act (FATCA) by paying his American taxes has been labelled noble by Nigel Green, chief executive at deVere.