Tax & Regulation
HK shell company sold by deVere suspended by insurance regulator
Shell company Devere Group Hong Kong Ltd, which is no longer owned by the deVere Group, having been sold last year, has had its licence suspended by the Hong Kong insurance regulator.
Tax & Regulation | 18 May 15
Confidentiality concerns grow pre-global tax evasion crackdown
Governments and tax partners need to work to ensure confidentiality is protected when new international tax transparency rules come into force in 2017, according to OECD director, Pascal Saint-Amans.
Garry Heath launches new UK trade body for IFAs
A new trade association representing UK financial advisers has been launched to give the industry a louder voice in discussions with government and regulators.
Australia’s ASIC to ramp up jail terms for financial crimes
The head of Australia’s main financial services regulator Greg Medcraft has called for more white collar criminals to be jailed and said he has built up a $40 million fund to prosecute people suspected of financial misconduct.
Tax & Regulation | 13 May 15
10 implications of the UK General Election result for non-doms
The Conservative Party’s surprise majority victory in the UK General Election will allow the new government to press ahead with its promise to make greater efforts to counter tax avoidance and evasion. Here are 10 points that highlight what this means for those claiming non-domicile tax status.