Tax & Regulation
Tighter offshore trust and tax regulation in budget says RSM
A potentially misconceived public perception of offshore trusts and tax law is putting pressure on chancellor Philip Hammond to further tighten regulations in the upcoming UK budget, according to experts from consulting firm RSM.
EU pledges action on ‘Paradise’ tax avoiders
Pressure on the EU to act on offshore tax havens increased this morning after MEPs queued up to severely criticise wealthy tax avoiders and their advisers.
Tax & Regulation | 13 Nov 17
HMRC extends trust filing deadline
The deadline to register new trusts on HM Revenue & Customs’ Trust Registration Service (TRS) has been extended by three months to 5 January 2018.
Six jailed for 45 years for eco investment scam
Six members of a crime group have been jailed for a total of 45 years for devising a fake eco-investment scheme as a tax break for wealthy investors, often using the law firm at the heart of the Panama Papers.
Paradise Papers: expect regulation despite little wrongdoing
While the Paradise Papers reveal little in the way of wrongdoing, they will likely stoke political appetites for increasing regulatory scrutiny of the wealth management industry, says an analyst from research firm GlobalData.