Tax & Regulation
Taiwan warns taxpayers to declare overseas income
Taiwan’s Ministry of Finance has called on taxpayers receiving overseas income to declare it voluntarily in order to avoid facing fines of up to three times the tax evaded.
Tax & Regulation | 24 Aug 17
Ten jurisdictions fall under beneficial ownership scrutiny
Australia, Qatar and Canada are among six jurisdictions rated largely compliant but still needing to make improvements in the latest wave of peer reviews by the OECD focusing on availability of beneficial ownership information.
Best Practice | 24 Aug 17
Aussie IFA body pushes for reform of ‘independent’ definition
The Australian Association of Independently Owned Financial Professionals (AIOFP) has stepped up efforts to amend the legal definition of “independent advice” through the publication of a white paper seeking to challenge the regulator’s views.
Chinese prosecutor war on ‘financial crocodiles’ gathers pace
China’s top prosecutor has vowed to intensify a crackdown on financial crimes disrupting the country’s securities and futures markets.
Best Practice | 23 Aug 17
Analysis: Insistent client advice needs two suitability reports
Advisers are mulling the implications of FCA plans to incorporate the term ‘insistent client’ into its handbook guidance. The regulator has outlined what it sees as best practice – a move that could see advisers producing two suitability reports, with a particular focus on pension transfer advice.