Tax & Regulation
French prosecutor pursues HSBC in €180bn tax fraud case
A French prosecutor has called for HSBC to stand trial for helping clients hide more than €180bn (£161.3bn, $199.8bn) in offshore tax havens from the country’s tax authorities, French news agency AFP has reported.
Best Practice | 4 Nov 16
European Banking Authority eyes new investment firm rules
The European Banking Authority (EBA) is seeking industry views on setting up a new prudential regime that is specifically tailored to the needs of investment firms.
Macro Views | 3 Nov 16
Fatca is here to stay regardless of who wins the US elections
As the US election looms, one tax adviser says regulation requiring every US expat to provide details of their worldwide income is here to stay, regardless of who becomes the next president.
Middle East | 3 Nov 16
UAE rules out imposing income tax despite budget deficit
The United Arab Emirates has ruled out the imposition of any income tax on individuals as its seeks alternative sources of revenue to counter the impact of falling oil prices on the government’s budget.
Best Practice | 2 Nov 16
Brazil nets $15.7bn in tax amnesty
More than 25,000 individuals and 103 companies voluntarily declared offshore assets worth more than BRL169.9bn via a Brazilian amnesty, netting the taxman BRL50.9bn (£12.8bn, $15.7bn, €14.3bn) in taxes and penalties.