Tax & Regulation
Tax & Regulation | 10 May 13
uk advisers targeted by hmrc for involvement
Around 200 UK-based advisers, accountants and lawyers are to be scrutinised by HM Revenue & Customs for their involvement with “complex offshore structures” to conceal assets for wealthy individuals and companies.
North America | 8 May 13
us senator introduces bill to repeal
A US senator has introduced a bill to repeal "anti-privacy" provisions of the controversial Foreign Account Tax Compliance Act, arguing that FATCA "infringes upon basic constitutional rights".
Tax & Regulation | 8 May 13
ailo writes to two meps in fight to change regs
The Association of International Life Offices has written to two members of the European Parliament in a new salvo to get life products treated differently from investment funds, while also acknowledging that it faces an “uphill struggle” in getting this message across.
Tax & Regulation | 2 May 13
hmrc clampdown on offshore trusts face jail
UK residents who have access to money through offshore trusts are being advised to check that their arrangements are still within the current tax laws following HMRC’s recently announced swoop on trusts that are being used to hide income and wealth overseas.
Tax & Regulation | 2 May 13
osborne claims significant step forward
UK chancellor George Osborne claims to have a made a “significant step forward in tackling illicit finance”, after the Treasury announced “all British Overseas Territories with significant financial centres” had agreed to sign up to its latest strategy on tax transparency.