Industry
Investment | 27 Feb 17
Sanlam to launch artificial intelligence investment service
The Sanlam’s Group’s investment arm is to partner with a financial technology specialist to launch an investment service that uses artificial intelligence and machine learning to deliver targeted returns with the lowest risk of loss.
North America | 27 Feb 17
Harlequin nears liquidation after court refuses more time
Beleaguered overseas investment scheme Harlequin Property SVG is a step closer to liquidation after the High Court in St Vincent and the Grenadines refused to grant more time for the managers to file their proposal to creditors.
Tax & Regulation | 27 Feb 17
HMRC rejects film industry tax avoidance criticism
HM Revenue & Customs (HMRC) has rejected criticism over how it has handled the exploitation of tax breaks for the film industry, which Treasury chairman Andrew Tyrie claims has been “financially calamitous” for some investors.
EU gives Spain two months to scrap ‘unfair’ expat fines
The European Commission has given the Spanish government two months to make Modelo 720 penalties fairer following revelations that fines issued for late or inaccurate tax returns can be as high as 150% of the undeclared assets.
Harvest Global grows international distribution
Harvest Global Investments (HGI), the international arm China’s Harvest Fund Management, has unveiled a new global distribution network to drive its expansion plans and attract new investors around the world.