Industry
Ronaldo and Mourinho embroiled in €185m Spanish tax avoidance
Football legends Cristiano Ronaldo and Jose Mourinho are accused of dodging millions of dollars of tax by channelling money to offshore tax havens, according to leaked documents obtained by a number of media outlets.
Hong Kong and Switzerland sign mutual fund recognition deal
Switzerland and Hong Kong have signed a deal which will allow eligible mutual funds to be distributed in each other’s markets through a streamlined vetting process.
France looks to tighten rules for asset managers
France’s markets watchdog has set out rules to limit the repayments asset managers make to investors when markets are stressed, making it the latest regulator to shine a light on the industry.
Tax & Regulation | 2 Dec 16
UK politicians slam HMRC over lack of tax relief scrutiny
British MPs have criticised HM Revenue & Customs (HMRC) over its lack of scrutiny on whether tax reliefs are being used effectively, raising doubts about plans to digitise its services.
Northstar unveils index linked range with capital protection
Bermuda-based Northstar Financial Services has launched an S&P 500 index-linked product which will carry a 100% capital return guarantee.