Tax & Regulation
UBS investigated in Italy over €6m fraud
It acted as an intermediary for a Milan-based wealth firm that conned 117 clients
Goldman Sachs cannot comply with Fatca in the UK
As its platform lacks the ‘infrastructure to support people subject to US tax rules’
UK taxman refunded over £32m to pensioners in Q4 2019
After they were hit with emergency tax despite doing nothing wrong
Brits retiring early for ill health risk being hit by tax bill
As they could breach their annual allowance, Royal London found
UK parliamentary group proposes ‘complete overhaul’ of IHT
It has the ‘magical ingredient’ of simplicity and could mean less avoidance