Best Practice | 22 Jan 18
DB pension deficit headache worsens for struggling employers
The UK High Court has ruled that communications group BT cannot change a pension scheme from the retail price index (RPI) to the generally lower consumer price index, placing more significance on an imminent government white paper on defined benefit pension schemes, a legal expert says.
Ireland dubbed tax ‘black hole’ by EU commissioner
Ireland, along with several other EU countries, have been called tax policy ‘black holes’ by the EU commissioner, but he dismissed claims for their inclusion on the EU tax haven blacklist.
PEOPLE MOVES: Julius Baer, Deutsche Bank and MMI
Julius Baer appoints a managing director from Barclays, MMI makes significant changes to its leadership team and Deutsche Bank hires a head of UK client advisers.
HMRC reveals bizarre tax return excuses of 2017
Spilt coffee, a wife who sees aliens and vertigo were just some of the excuses HM Revenue & Customs (HMRC) received in 2017 from people who failed to file their tax returns. Click through the slides to see some of the other intriguing excuses and some of the wildly optimistic expense claims the organisation received.
Another blow to Swiss secrecy
Plans to scrap a class of anonymous shares in Switzerland could deal another blow to the country’s traditionally secret banking practices.