Tax & Regulation
Australian regulator signs fintech agreement with Kenya
The Australian Securities and Investments Commission (ASIC) has signed a cooperation agreement with the Capital Markets Authority of Kenya (CMA) in a bid to boost financial services technology for both countries.
Tax & Regulation | 24 Oct 16
UK to water down non-dom CGT reforms on offshore trusts
The UK government is considering plans to water down upcoming reforms to the tax rules governing non-UK domiciles whose permanent home is based overseas, due to concerns they may force out Britain’s wealthiest foreigners.
Tax & Regulation | 21 Oct 16
BVI rules out public register of beneficial ownership for now
The British Virgin Islands has ruled out adopting a public register of beneficial ownership for the time being, saying it would not support the move unless it was adopted worldwide.
Tax & Regulation | 21 Oct 16
Calls for UK non-dom reforms to be delayed until after Brexit
Upcoming changes to the tax rules governing non-UK domiciles, set to come into effect in April next year, should be postponed until the “full effects of Brexit” are understood, a leading London-headquartered accountancy firm has urged.
More transparency ahead for high net worth clients
The Common Reporting System — a partnership among around 100 regulators worldwide – will make it more difficult for Asian high net worth individuals to keep undisclosed money offshore, said Richard Corrigan, interim director of financial services for the Jersey Government.