North America | 17 May 12
foreign businesses vent ire at irs
Representatives from non-US financial institutions have called on the US to postpone implementation of FATCA, the package of regulations aimed at cracking down on tax evasion by US citizens who make use of non-US bank accounts and other financial instruments.
bny mellon admits limited success
The onshore offering of five BNY Mellon funds last year “has not really worked”, according to Scott Goodsir managing director of UK Wholesale at the firm, who said advisers’ traditional prejudice towards offshore funds was to blame.
Tax & Regulation | 17 May 12
hmrc set to lose four of five tax officials
Four of HM Revenue & Customs top five civil servants are set to leave the organisation this summer, according to the Financial Times
United Kingdom | 17 May 12
hsbc private bank to close jersey branch in favour
HSBC Private Bank is to close its Jersey office, amalgamating its Channel Island operations into its Guernsey branch.
United Kingdom | 16 May 12
chambers of commerce of channel islands
The four Channel Islands Chambers of Commerce have met for the first time, in what Julian Winser, president of the Guernsey Chamber of Commerce, said was expected to become a regular event.