Tax & Regulation
North America | 3 Mar 16
FATCA exceptions agreed by Swiss and US authorities
Accounts held by the lawyers or notaries of clients in Switzerland are now exempt from the United States’ Foreign Account Tax Compliance Act (FATCA) following the signing of an agreement by the countries’ authorities in February.
Tax & Regulation | 2 Mar 16
Global regulator concerned over financial product mis-selling
The International Organization of Securities Commissions (IOSCO), a global body representing financial regulators, has singled out misconduct in relation to retail financial products as one of its top four market risks for 2016.
S. African tax amnesty to aid small firms and individuals
Individuals and small, closely held business entities will be the most affected by the South African offshore tax amnesty which is due to begin in October, according to EY.
Tax & Regulation | 29 Feb 16
Tax grab from UK lifetime allowance limit rises sharply
The amount of tax the UK government collects from pension savers who have breached their lifetime allowance (LTA) has almost quadrupled since George Osborne became chancellor, The Sunday Times reported.
Brexit vote will have major impact on Gibraltar, UK gov’t says
There would be serious implications for Gibraltar were the UK to withdraw from the EU, according to an official UK government paper published on Monday.