Tax & Regulation
LTA freeze to ‘stealthily drag thousands into the tax net’
As UK Treasury eyes extra £250m a year from the move
South Africa sets up high net worth tax unit
It ‘mirrors similar initiatives in US and a number of European territories’
‘Act now’ Phoenix Group urges expats as bank accounts close
They may not be able to receive payments from pension providers into their bank
UK watchdog refunds £3.42m to investment scheme victims
They were promised unrealistic high returns such as ‘up to 100% of the amount invested’
Will South Africa pass a wealth tax to cover the covid bill?
HNWs already ‘fed up’ with current taxation system and ‘leaving the country in droves’