Tax & Regulation
North America | 20 Jun 14
irs targets swiss banks with penalty
IRS commissioner John Koskinen has announced a revised version of the amnesty programme aimed at encouraging US citizens to declare offshore bank accounts, which includes tough penalties for wilful non-disclosure.
Tax & Regulation | 18 Jun 14
Nigel Green slams call to prosecute those
DeVeres chief executive Nigel Green has slammed calls for professionals, including financial advisers, to be prosecuted for advising on tax avoidance schemes.
North America | 12 Jun 14
New Zealand wangles sharing exemptions in
New Zealand has signed a unique intergovernmental-agreement (IGA) with the US allowing it to keep low risk accounts exempt from disclosure after the introduction of FATCA next month.
Tax & Regulation | 11 Jun 14
law society call for body to veto tax policy
The City of London Law Society has called for an independent body to be set up with the power to veto tax legislation as a way to avoid ‘huge damage’ to the UK tax regime’s reputation for stability.
Tax & Regulation | 10 Jun 14
fca issues far-reaching client money changes
The UK’s Financial Conduct Authority has signalled a sharper regulatory focus on holding client money with the publication of its policy statement today, and the prospect of other jurisdictions following suit.