Tax & Regulation
Tax & Regulation | 27 Nov 15
UK tax evaders given one last chance to come clean
The financial secretary to the Treasury, David Gauke, launched a campaign warning offshore tax evaders that HM Revenue & Customs (HMRC) will start to receive details on UK taxpayers from more than 90 countries.
Tax & Regulation | 27 Nov 15
Isle of Man chief calls Osborne’s tax clampdown ‘unrealistic’
Isle of Man chief minister Allan Bell has predicted that George Osborne will struggle to raise the additional £5bn a year from clamping down further on tax avoidance and evasion, identified as a new target in the UK Government’s Autumn Statement.
Tax & Regulation | 27 Nov 15
HMRC U-turns on loans secured on untaxed foreign funds
HM Revenue & Customs quietly backtracked several weeks ago on changes it made to loans secured against untaxed foreign funds.
Life industry responds to Singapore commission cap delay
The Monetary Authority of Singapore has delayed the 55% cap on commission financial advisers receive from the sale of life insurance policies a year after the industry asked for more time to implement the changes.
Alternatives | 26 Nov 15
Compliance issues make non-EU fund managers avoid EU investors
Some non-EU fund managers are forgoing European investors because of the compliance headaches associated with the Alternative Investment Fund Managers Directive (AIFMD), reports Cerulli Associates.