Tax & Regulation
Repealing South African expat tax not ‘crazy’ says tax chief
A plan to scrap an exemption on taxing foreign employment income is not a “crazy proposal” when compared with other jurisdictions, the head of tax and financial sector policy at South Africa’s National Treasury has said.
Tax & Regulation | 16 Aug 17
Sipps among most complained about UK financial products
The UK’s Financial Ombudsman Service (FOS) received 59% more complaints about self-invested personal pensions (Sipps) in the first quarter of the 2017/2018 financial year compared to the same period a year before.
Tax & Regulation | 16 Aug 17
Fraud trial of Lumiere Wealth’s Byrne set for summer 2018
The former managing director of defunct Jersey-based IFA firm Lumiere Wealth, Chris Byrne, will likely stand trial in summer 2018 for, among other things, fraud and knowingly making misleading or deceptive promises to clients.
Axa Life Singapore ordered to pay $3m over bad reference
Axa Life Insurance Singapore has been ordered by the country’s High Court to pay compensation to a former employee for providing an unflattering reference to the Monetary Authority of Singapore (Mas) and his prospective employer, Prudential Assurance Company Singapore.
Tax & Regulation | 15 Aug 17
Football clubs feeling the heat of HMRC scrutiny
Following raids by HM Revenue & Customs on Newcastle United and West Ham and with over 40 players and 12 teams under review, football clubs in the UK are taking a more proactive approach to tax.