Tax & Regulation
Middle East | 29 Aug 17
UAE issues new tax law to implement 5% VAT
The government of the United Arab Emirates has issued a decree paving the way for its new value added tax (VAT) system to be implemented from 1 January 2018, which will cover the financial services sector.
Hong Kong and Dubai market watchdogs partner on fintech
Hong Kong and Dubai-based securities watchdogs have penned a cooperation agreement on fintech innovation.
Tax & Regulation | 25 Aug 17
Three former Allianz staffers found guilty of bribery
Three former Allianz employees have been sentenced for bribery offences after making £7,000 ($9,000, €7,597) by leaking more than 700 pieces of confidential data, an investigation by the City of London Police’s Insurance Fraud Enforcement Department (Ifed) found.
North America | 25 Aug 17
US rapper faces 44 years in jail for $1.7m tax fraud case
US rapper DMX, facing 44 years jail for a massive tax fraud, has been ordered to check into a rehabilitation facility to seek treatment after violating bail conditions.
Tax & Regulation | 25 Aug 17
HMRC wins bulk of tax avoidance challenges but loses IHT case
HM Revenue & Customs claims that of the 26 litigation decisions in 2016/17 where tax avoidance was involved, 22 of them (86%) went in its favour.