Tax & Regulation
Tax & Regulation | 2 May 17
FCA spares dealing and portfolio services from Priips rules
The UK regulator has decided that retail investment dealing, portfolio management and custody services will not fall under major new European Union disclosure rules.
North America | 28 Apr 17
Five things you need to know about Trump’s tax plan
This week, US president Donald Trump unveiled what he called “the biggest tax cuts in history”. Here’s a look at some of the initial proposals to slash inheritance tax, top income brackets and tax for large corporations.
Tax & Regulation | 28 Apr 17
Pension trustees banned over £16m Fiji tree plantation scam
The Pensions Regulator (TPR) in the UK has banned the trustees of a scheme that lost more than £15m ($19.3m, €17.7m) of member’s money after investing in overseas ventures that “bore the hallmarks of a scam”, including leases on a plantation in Fiji.
SA unveils new wealth tax to address ‘rampant inequality’
A committee set up to review South Africa’s tax system has revealed plans to introduce a new wealth tax as the country struggles to deal with extreme income inequality coupled with a dwindling tax base.
IoM taxpayers to pay up for collapsed Eco Resources Fund
Isle of Man taxpayers will have to foot the bill for another collapsed fund, the Eco Resources Fund, which was set up by the troubled Premier Group in 2012.