Tax & Regulation
Who are the world’s biggest tax cheats?
A tenth of the world’s total wealth is held in offshore tax havens, with the figure rising to about 15% for Europe and as much as 60% for some Gulf and Latin American countries, new research shows.
First million tax free, concedes South Africa
Plans to scrap a tax exemption on overseas earnings have been watered down by the South African Treasury and a tax-free allowance of ZAR1m (£57,143, $76,003, €63,904) introduced instead following pressure from expats and interest groups.
Brexit Britain ‘should look to Jersey’
The UK should look to Jersey for inspiration on how to deal with the European Union after Brexit, the head of a British political think tank has suggested.
Offshore trusts hit by fresh anti-avoidance measures
Anti-avoidance measures targeting the tax treatment of payments and benefits from offshore trusts will make the use of such vehicles less appealing, says FPI’s Brendan Harper.
Warning: scam victims being retargeted
Fraudsters are posing as anti-scam officers to trick people who have already fallen victim to fraud into handing over their personal and banking details.