Industry
Tax & Regulation | 30 Oct 15
HMRC reveals tax bill for international life cos and others
HM Revenue & Customs has set out the UK VAT changes that will go live from 1 January 2016 resulting from a European Union court case involving Skandia American Corporation and Sweden’s tax authority.
ANALYSIS: Will US banking giants shake up the market?
When a name like Goldman Sachs enters the retail space with its asset management arm, and actively courts financial advisers as one of its distribution channels, the industry should sit up and notice.
MiFID II deadline extension needed, says Efama
National legislators and regulators will all implement the MiFID II directive differently. Since this creates complications for international asset managers, the European Fund and Asset Management Association (Efama) wants an extension of the deadline for full implementation of MiFiD II, which is currently set at January 2017.
Offshore Bonds | 29 Oct 15
UK-distributed onshore bond sales up 20% in first half 2015
Sales of UK-distributed onshore bonds increased by nearly 20% in the first six months of 2015, according to the recent data from the Association of British Insurers (ABI).
Liechtenstein and EU sign tax transparency agreement
Liechtenstein and the EU Commission have signed an agreement on the automatic exchange of information (AEOI), which will ensure greater transparency and cooperation between tax authorities.