Tax & Regulation
Tax & Regulation | 18 May 12
baker tilly hmrc guidance cannot be relied upon
Accounting and tax specialist Baker Tillys Sue Moore has called into question whether guidance published by HM Revenue & Customs can be trusted by individuals arranging their tax affairs.
North America | 17 May 12
foreign businesses vent ire at irs
Representatives from non-US financial institutions have called on the US to postpone implementation of FATCA, the package of regulations aimed at cracking down on tax evasion by US citizens who make use of non-US bank accounts and other financial instruments.
Tax & Regulation | 17 May 12
hmrc set to lose four of five tax officials
Four of HM Revenue & Customs top five civil servants are set to leave the organisation this summer, according to the Financial Times
Tax & Regulation | 16 May 12
fsa fines swiss private bank and its money
The UKs Financial Services Authority has fined Swiss private bank Habib Bank AG Zurich more than half a million pounds and its money laundering reporting officer a further £17,500 for anti-money laundering control failings.
Tax & Regulation | 14 May 12
Facebook founder renounces US citizenship
One of the founders of social networking website Facebook, has renounced his US citizenship, according to media reports, with many speculating the reason for doing so was financial.