Tax & Regulation
Tax & Regulation | 1 Apr 15
Nine in 10 advisers still reliant on trail commission
Trail commission remains an important driver of income for 93% of advisers despite the charge being completely banned from next April, a survey has found.
Court rules French social taxes unjust
Non-French residents will no longer have to pay social charges on unfurnished rental income or capital gains on French property after the taxes were ruled as “discriminatory” by the European Court of Justice.
Tax & Regulation | 26 Mar 15
FCA proposes extension of inducement
The Financial Conduct Authority has proposed extending the inducement standards set out by the Markets in Financial Instruments Directive II (MiFID II) to those providing restricted advice and to discretionary managers.
North America | 20 Mar 15
Cayman Islands launches FATCA portal
The Cayman Islands Tax Information Authority has launched an online portal to allow local financial institutions to report information required under the US Foreign Account Tax Compliance Act (FATCA).
Tax & Regulation | 19 Mar 15
HMRC to introduce strict liability offence
HM Revenue & Customs plans to introduce a new strict liability criminal offence on both offshore tax evaders and those who help them following the UK Governments clampdown on tax dodging in yesterdays Budget.