Tax & Regulation
UK inheritance tax receipts reach record £5.2bn
The UK government hauled in £5.2bn ($7.2bn, €5.9bn) of inheritance tax receipts during the 2017/18 tax year, a figure 8% higher than the previous year.
Guardian Wealth hit with $1m fine by Qatar regulator
The Qatar Financial Centre Regulatory Authority has imposed two fines plus costs on Guardian Wealth Management Qatar (in liquidation), a move the company suggests is in retaliation to its decision to cease operating in the country in 2015.
UK lifeboat scheme to pay 2,700 Beaufort clients in May
The Financial Services Compensation Scheme is aiming to reimburse circa 2,700 clients of defunct Beaufort Asset Clearing Services next month, provided their investment was worth less than £2,000 ($2,802, €2,280).
S Africa to prosecute as outstanding tax returns hit 30 million
The South Africa Government is criminally prosecuting non-compliant taxpayers, including prominent South Africans, as 30 million tax returns are now outstanding in the country.
Jaw dropping moments from Australia’s Royal Commission
It’s squeaky bum time for senior executives as Australia’s banking, superannuation and financial advice firms face the intense scrutiny of a Royal Commission. Click through the slides below to read some of the incredible moments from the first week of the review into financial advice.