Tax & Regulation
MEPs threaten privacy rights with beneficial ownership vote
In a bid to crackdown on tax evasion, European citizens could have their private financial affairs exposed to the public after members of the European parliament (MEPs) voted to include trusts and allow EU citizens access to beneficial ownership registers.
Ireland triples tax take from super wealthy, raking in €500m
More than half a billion euros was collected by the Irish tax authorities last year from 571 of the country’s wealthiest individuals.
Best Practice | 3 Mar 17
Understanding estate planning in France
Estate planning in France is made far more challenging by ‘forced heirship’ succession law and inheritance tax rates of up to 60%, explains Jason Porter, director of European IFA firm Blevins Franks. The regime is particularly daunting for complex family situations.
Best Practice | 2 Mar 17
Global transparency drive may catch more firms than Fatca
A lot more financial institutions could find themselves caught by the Common Reporting Standard (CRS) requirements despite being exempt from Fatca reporting, Allan Wilkinson, associate director of chartered accountancy firm Buzzacott, has warned.
North America | 2 Mar 17
US Labor Department proposes 60-day delay to adviser reforms
The US Labor Department has proposed a 60-day delay for the start of the fiduciary rule, which requires financial advisers to act in the best interests of their clients, in a move signalling a possible derailment of the controversial reforms.