Tax & Regulation
Middle East | 11 Jul 17
Alleged fraudsters in £172m Abu Dhabi car scam deny charges
More than 50 arrested people have denied charges of conducting the biggest scam in Abu Dhabi history, which allegedly swindled more than 2,000 investors out of AED800m (£172m, $218m, €195m).
Tax & Regulation | 10 Jul 17
UK IFA under fire over Sipp transfer into Saint Lucia property
A UK-based advice firm which recommended a Sipp transfer, has been ordered to compensate the client after she went on to invest her entire pension pot in a high-risk property venture in Saint Lucia.
Spain bows to pressure to introduce nationwide tax rates
Spain has unveiled plans to reform its nationwide tax system amid mounting pressure on the government to address “substantial tax disparities” between the country’s 17 autonomous regions.
France to push ahead with cuts to wealth tax
French president Emmanuel Macron has promised the government will press ahead with promised tax cuts overruling earlier suggestions by prime minister Edouard Phillippe that key campaign policies would be postponed until 2019 as France struggles to contain its public deficit.
Middle East | 10 Jul 17
Saudi expat fee causes ‘panic’ amid computer glitches
Expats living in Saudi Arabia have voiced concerns over the newly-introduced ‘family tax’ amid reports the online system set up to collect the payment continues to suffer from computer glitches.