Tax & Regulation | 21 Nov 12
hmrc struggles to deal with tax avoidance
HM Revenue & Customs is currently investigating 41,000 cases of tax avoidance in the UK with an estimated £10.2bn at stake, according to a detailed report conducted by the National Audit Office, which said “there is little evidence HMRC is making progress in preventing the sale of highly contrived tax avoidance schemes”.
Middle East | 21 Nov 12
coutts opens new uae office in difc
Coutts & Co, the London-based private bank and wealth manager, has opened an office in the Dubai International Financial Centre today, 13 years after it first entered the UAE market in Dubai.
Middle East | 20 Nov 12
expats and their saudi employers confront
A new Saudi Arabian scheme to boost employment of Saudi nationals by fining companies that draw more than half their staff from expatriate circles has caused controversy and debate in the six days since it came into force.
North America | 20 Nov 12
turning away us clients will not save you
The Chartered Institute for Securities & Investment (CISI) has accused the US of "behaving like a bully" in imposing unfair costs on UK investment managers through the implementation of FATCA.
United Kingdom | 20 Nov 12
osborne considers new raid on uk pensions
UK chancellor George Osborne is reportedly considering increasing the amount of tax paid by wealthy Britons on their pensions, the second time he will have done so since the Tory-led coalition came to power in 2010.