Tax & Regulation
Middle East | 17 Jan 17
US shares details of 35,000 accounts with Israel under Fatca
America’s Internal Revenue Service (IRS) has shared details of more than 35,000 US accounts held by Israeli citizens with the Israel Tax Authority (ITA), according to local media.
Arsenal’s Sanchez facing jail after admitting €1m tax fraud
Arsenal striker Alexis Sanchez faces a possible jail sentence after admitting to tax fraud in Spain of almost €1m (£880,240, $1.06m).
Ex-Harlequin accountants appeal $11.6m UK court order
UK accountancy firm Wilkins Kennedy is appealing against recent a High Court judgement ordering it to pay $11.6m (£9.5m, €10.8m) to Harlequin Property SCG, the company behind the stricken £400m fund.
Investment | 16 Jan 17
Jersey regulator launches campaign against mis-selling
The Jersey Financial Services Commission (JFSC) has teamed up with the Personal Finance Society (PFS) to launch a public awareness campaign on investment mis-selling in response to increasing numbers of local investors losing their savings through high-risk investments.
Portugal introduces wealth tax on properties over €600k
The Portuguese government has introduced a wealth tax on properties valued over €600,000 (£538,572, $660,108) in a move that could benefit thousands of British expats living in the EU-member state.