Tax & Regulation
Best Practice | 5 Apr 18
FCA steers away from pre-RDR trail commission ban
The Financial Conduct Authority (FCA) has “no immediate plans” to ban trail commission on legacy investment products, it has announced in a policy statement that looks to shake-up the asset management industry.
EU tax haven blacklist a ‘real danger’ to the Isle of Man
The Isle of Man’s chief minister, Howard Quayle, says the jurisdiction faces the “very real danger” of being put on the EU tax haven blacklist.
Best Practice | 4 Apr 18
End of tax year – one day left!
Investors and savers have just one day left to take advantage of the current tax exemptions and benefits before new rules come into force in the UK on 6 April.
Kuwait edges closer to controversial expat tax
Kuwaiti politicians are preparing to debate a polarising remittance tax for foreigners working in the country, after it was controversially endorsed by the parliament’s financial and economic affairs committee.
Rapper plays hit song to avoid maximum tax evasion jail term
A US judge showed leniency in the tax evasion trial of rapper DMX after listening to one of his hit tracks about his difficult childhood.