Tax & Regulation
EU to crack down on advisers using ‘aggressive’ tax planning
Financial advisers could be forced to report “aggressive” tax planning schemes which help clients avoid paying tax, according to new plans being considering by the European Commission.
North America | 10 Nov 16
US Republicans want Fatca repeal despite $10bn tax haul
The US Foreign Account Tax Compliance Act (Fatca) could be repealed when Donald Trump becomes president if the Republican Party sticks with its 2016 policy platform, despite more than $9.9bn (£8bn, €9bn) being paid through voluntary compliance efforts.
Tax & Regulation | 10 Nov 16
Financial crime will ‘mutate and morph’: FCA chief
It would be unwise to say that financial crime has been beaten as it will always “mutate and morph”, according to Andrew Bailey, chief executive of the UK’s Financial Conduct Authority (FCA).
Singapore confirms ex-offenders can work in financial services
The Monetary Authority of Singapore (MAS) has no rules against hiring ex-offenders for positions in the financial services sector, deputy prime minister Tharman Shanmugaratnam has confirmed.
Tax & Regulation | 9 Nov 16
UK to probe 22 people over Panama Papers tax evasion probe
Twenty-two wealthy individuals in the UK face civil and criminal investigations into suspected tax evasion following the disclosure of the Panama Papers, Britain’s chancellor Philip Hammond has told officials.