Industry
Jean-Claude Juncker blocked EU curbs on tax avoidance
The president of the European Commission, Jean-Claude Juncker, spent years in his previous role as Luxembourg’s prime minister secretly blocking EU efforts to tackle tax avoidance by multinational corporations, secret documents show.
Best Practice | 3 Jan 17
George Michael’s death and key IHT case raise issues for 2017
Celebrity deaths over the Christmas period and a pending supreme court decision on a key inheritance tax case all highlight the importance of using trusts for estate planning, a leading IHT expert has said.
Life offices fight for survival post commission disclosure
Proposals that could significantly change how insurance companies operate in the UAE stand to benefit Isle of Man-based life companies over the longer term, according to key industry figures on the island.
Tax & Regulation | 30 Dec 16
Regulators drive to improve customer outcomes in 2016
Industry regulators from Hong Kong, the UAE and Isle of Man moved forcefully in 2016 to drive forward a campaign for greater transparency on commissions and fees and the fairer treatment of clients across the international life industry.
HMRC, the Lobler case and 5% offshore bonds
Looking back on 2016, one of the biggest stories of the year was the HM Revenue & Customs proposals to overhaul part surrender and part assignment of life insurance policies in response to the 2007 case of Dutch national Joost Lobler.