Tax & Regulation
Tax avoidance ‘cost UK £12.8bn’ over five years
Tax avoidance cost the country at least £12.8bn (€13.9bn, $16.6bn) between 2010 and 2015, according to new figures and analysis by the House of Commons Library.
Best Practice | 5 Sep 17
MPs to vote through new UK non-dom rules ‘within days’
New rules for the taxation of non-domiciles are likely to come into force this month, back-dated to take effect from 6 April.
Alternatives | 4 Sep 17
Fecif calls for harmonisation of EU product distribution rules
The legislative barriers restricting the cross-border distribution of funds across Europe have to be removed and replaced with harmonised rules at EU level, the European Federation of Financial Intermediaries and Financial Advisers (Fecif) says.
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.