Industry
HMRC’s £50m plan targets tax dodging wealthy
Ten thousand wealthy individuals could be hit by offshore tax avoidance legislation proposed by HM Revenue & Customs, generating up to £50m a year in tax receipts.
Zurich sells Openwork stake in early exit
Zurich has sold its 25% stake in Openwork two years earlier than expected, handing majority ownership to the IFA network’s partners.
Property fund slams closure of Serious Fraud Office case
An investigation into allegations of fraud against investment companies operated by Guernsey-based Stirling Mortimer has been closed by the Serious Fraud Office due to insufficient evidence – a decision that has been strongly criticised by the fund house.
Politicians excluded from Pakistan tax amnesty
Senior government officials, politicians and holders of public office cannot take advantage of a new Pakistani tax amnesty, the country’s taxman has confirmed.
Fairstone poised to buy nine IFAs this year
Fairstone is set to acquire IFA firms in Leicester and Stockton-on-Tees and anticipates it will line up seven more acquisitions this year.