Tax & Regulation
Investment | 18 Sep 17
Govt threatens crackdown on investor tax breaks
HM Treasury has threatened to clampdown on a tax-relief system encouraging the wealthy to invest in start-up firms over fears investors are abusing the system.
Serious Fraud Office closure scrapped
The UK’s Serious Fraud Office will not be folded into Britain’s version of the FBI after plans by prime minister Theresa May were abandoned.
Expat pensions on the ‘cliff edge’
The chair of the UK Treasury select committee has called on the chancellor to provide clarity on expat pensions in the event of a “cliff edge Brexit”.
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.