Tax & Regulation

Asia | 2 Jul 15

Hong Kong’s Securities & Futures Appeals Tribunal (SFAT) has backed a decision to fine and reprimand asset manager, Pride Fund Management, for refusing to resolve a financial dispute with a client.

Tax & Regulation | 2 Jul 15

HMRC’s receipts from the annual tax on enveloped dwellings (ATED) are set to rise by nearly 50% over the 2015/16 tax year.

Tax & Regulation | 30 Jun 15

Cayman Islands-based, Kijani Resources, which is owned by troubled offshore fund house Belvedere Management Group, has gone into liquidation after its parent business was taken over by the island’s monetary authority earlier this month.

North America | 24 Jun 15

Swiss bank Julius Baer has set aside $350m to settle tax evasion allegations with US tax authorities, significantly reducing the time accountholders have to voluntarily disclose their details at a reduced penalty.

Tax & Regulation | 23 Jun 15

The Financial Conduct Authority (FCA) has rejected calls for a freeze in its fee hikes and has confirmed a 10.2% increase in 2015/16 for financial advisers.