Tax & Regulation | 11 Jun 14
law society call for body to veto tax policy
The City of London Law Society has called for an independent body to be set up with the power to veto tax legislation as a way to avoid ‘huge damage’ to the UK tax regime’s reputation for stability.
People Moves | 11 Jun 14
aig names Hancock as chief executive
American International Group has named Peter Hancock as chief executive to succeed Bob Benmosche, who steered the giant insurer after it came close to collapse in 2008 during the height of the financial crisis.
Tax & Regulation | 10 Jun 14
fca issues far-reaching client money changes
The UK’s Financial Conduct Authority has signalled a sharper regulatory focus on holding client money with the publication of its policy statement today, and the prospect of other jurisdictions following suit.
North America | 9 Jun 14
irs to make us offshore tax amnesty less harsh
The US tax authorities are set to make the amnesty programme aimed at encouraging US citizens to declare any offshore bank accounts less tough.
europe banks face rising fines bill
Europe’s biggest banks are facing estimated fines of $103.5bn from regulators around the world, according a briefing note from analysts at Credit Suisse.