Macquarie clients with A$1.3m pushed out of private wealth
A cull of advisers and a shift in strategy have put clients of Australia’s Macquarie Group with less than A$1.3m (£724,000, $977,000, €829,000) of assets in limbo.
Tax & Technical | 16 May 18
US to resume prosecutions of deliberate offshore tax avoiders
US expats who have willfully failed to declare unpaid tax to the IRS have until September to come clean or once again risk prosecution as a key amnesty programme ends.
UAE and Hong Kong among biggest UK money laundering threats
The UAE and Hong Kong have been included in a list of overseas jurisdictions which the UK’s National Crime Agency says have the most enduring money laundering impact on the UK.
Best Practice | 15 May 18
Requirement to correct rules not just for the super-rich
Middle income expats are in the firing line as the UK crackdown on offshore tax evasion and non-compliance continues to intensify, according to private client accountants Saffery Champness.
Middle East | 15 May 18
UAE ‘as competitive’ for international wealth as the US
The UAE is just as competitive in attracting international private clients as the United States but its position as a wealth centre is slipping, according to a ranking published by Deloitte.