Tax & Regulation
Tax & Regulation | 28 Mar 17
UK delays non-dom tax changes to offshore trusts until 2018
The UK government has delayed changes to the treatment of overseas trusts held by non-UK domiciles, amid concerns the reforms may force out Britain’s wealthiest foreigners.
North America | 28 Mar 17
US regulator shuts down scam targeting elderly investors
The US Securities and Exchange Commission (SEC) implemented an emergency asset freeze and temporary restraining order against an investment adviser and his financial management company accused of scamming elderly investors out of millions.
Tax & Regulation | 27 Mar 17
IA to consult on hidden charge criticisms
Asset managers have fired a major shot in their battle to win over sceptical politicians, regulators and clients with the launch of a public consultation on a new costs and charges disclosure scheme.
North America | 27 Mar 17
BlackRock and Vanguard call for delay to US adviser reforms
BlackRock and Vanguard have called on US officials to delay the introduction of landmark rules forcing financial advisers to act in the best interests of their clients, raising concerns the new regulations will confuse investors and add unnecessary costs to the financial service industry.
Petition against South African expat tax launched
A petition against new legislation that would force South Africans working in countries with no income tax to pay tax in their home nation went live on Sunday.