Tax & Regulation
Tax & Regulation | 16 May 16
FCA fines former Towry adviser £36k for insider dealing
A British financial adviser has been fined £36,285 (€46,048, $52,086) and banned for two years for insider dealing by the UK’s Financial Conduct Authority (FCA).
India imposes first CGT on Mauritian inflows in 30 years
The Indian government is set to impose a capital gains tax (CGT) on investments coming from Mauritius in bid to tackle tax evasion.
EC must remove ‘nightmare’ Priips clause, says AILO
The Association of International Life Offices (Ailo) has called on the European Commission to abandon a clause in the upcoming Priips regulation that will require fund manufacturers to provide KIDs on open-architecture bonds.
Tax & Regulation | 12 May 16
David Cameron unleashes raft of anti-corruption initiatives
UK prime minister David Cameron set out a raft of new initiatives at today’s anti-corruption summit to tackle corruption which he described as the “cancer at the heart of so many of the world’s problems”.
North America | 11 May 16
Cayman Islands to repeal ‘secrecy law’
The Cayman Islands will repeal its Confidential Relationships (Preservation) Law, commonly known as the ‘secrecy law’, by September 2016 as it looks to step up its fight against corruption and tax evasion.