Tax & Regulation
North America | 4 Sep 17
US Republicans lobby to scrap Fatca and tax on citizens abroad
The Republican National Committee (RNC) has urged president Donald Trump to replace citizenship-based taxation, and therefore scrap the Foreign Account Tax Compliance Act (Fatca), in his tax reform package.
Tax & Regulation | 4 Sep 17
Aussie watchdog turns spotlight on IFA remuneration practices
The Australian Securities and Investments Commission (Asic) plans to build consumer trust in financial advice by focusing on remuneration and incentives practices within the industry.
India PM urges taxman to use data analytics to curb avoidance
Indian prime minister Narendra Modi has said that tax administrators should use data analytics to track undeclared wealth and set clear targets for improving tax administration by 2022.
Middle East | 4 Sep 17
Saudi Arabia opens registration for VAT to top up oil revenue
Saudi Arabia has opened registration for the new 5% value added tax (VAT), which begins on 1 January next year as part of a move to diversify its economy away from a reliance on oil revenues.
Tax & Regulation | 1 Sep 17
Ex-footballers linked to film scheme to sue financial advisers
A group of 45 former English Premier League footballers are to sue the professional advisers linked to the £700m Ingenious Media film investment scheme that has been accused by the UK taxman of creating artificial losses to allow investors to claim tax relief.