Tax & Regulation
Tax & Regulation | 9 Apr 15
Tax mistakes in offshore bond withdrawals may be reversible
Savers who inadvertently incur a heavy tax bill by drawing down funds from an offshore bond in a tax inefficient manner may be able to apply to the courts to reverse their decision, according to a recent legal decision.
Tax & Regulation | 8 Apr 15
Labour threatens to scrap ‘non-dom’ tax regime
The UK’s non-domicile tax regime could be abolished if the Labour party comes to power in May, but experts claim this would be a “disaster” for the UK economy.
Tax & Regulation | 8 Apr 15
Tax experts attack Labour ‘non-dom’ plan
Tax experts have slammed the Labour party’s proposal to scrap the non-domicile regime, claiming the move would be “reckless” and would create unknown economic effects.
Offshore Bonds | 2 Apr 15
Offshore evaders face ‘endgame’ under Common Reporting Standard
Tax evaders hiding assets offshore will face an “endgame” when the OECD’s Common Reporting Standard is introduced next year, Blevins Franks has said.
Tax & Regulation | 1 Apr 15
First FATCA reporting deadline passes, but issues remain
The first reporting deadline for the US Foreign Account Tax Compliance Act (FATCA) has now passed, although “obstacles” still stand in the way of full compliance.