Tax & Regulation
Expats face Brexit ‘limbo’ as UK kick-starts Article 50 talks
Over a million British expats living across the European Union face further uncertainty as the UK officially starts the two-year process to exit the bloc without being any closer to securing a deal on reciprocal rights.
Middle East | 28 Mar 17
Financial advice hit by UAE value-added tax, not life products
Details of the VAT system to be introduced for the first time in the UAE reveal that the standard rate of 5% will be levied on fee-based financial advice but not on the sale of life products.
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.