Tax & Regulation
North America | 11 May 17
Barclays fined $97m for overcharging advice clients in US
Barclays has agreed to pay more than $97m (£74.9m, €89.2m) to refund advice and mutual fund sales fees to US clients who were charged for services they did not receive.
Best Practice | 10 May 17
How to earn up to £140,000 of tax savings by 2020
Now that the start button for the phased introduction of the nil rate residential band has been pressed, John Haley, technical sales manager at Utmost Wealth Solutions, explains that there are “many holes to leap through” to achieve the biggest outcome.
Gibraltar planning for ‘hard Brexit’ end to EU market access
Gibraltar is preparing for a post-Brexit scenario where firms will no longer have access to the European Union single market, focusing instead on maintaining a preferential relationship with Britain, a top government official has revealed.
North America | 9 May 17
‘Frustrated’ EU politicians step up pressure on US over Fatca
Members of the European Parliament have asked the European Commission to open talks with the US to make data exchange under the Foreign Account Tax Compliance Act (Fatca) reciprocal.
Best Practice | 9 May 17
IoM eases pressure on life cos over commission disclosure
International insurance companies headquartered on the Isle of Man will only have to spell out to customers how much commission they will have to pay to intermediaries over the life of the product at the end of the sales process.