United Kingdom
Petition to scrap 25% Qrops charge on the slow road to nowhere
A bid to force the UK Government to repeal the 25% charge on qualifying recognised overseas pension schemes (Qrops) is not generating nearly enough signatures to generate a government response.
Tax & Regulation | 9 Mar 18
UK taxman ‘assuming the worst’ in offshore clampdown
HM Revenue & Customs is taking a hard line in its offshore tax probes, private client accountants have warned.
EU adding two Commonwealth, one US territory to tax blacklist
EU officials are set to add the Bahamas, St Kitts and Nevis and the US Virgin Islands to its tax haven blacklist, taking the total number of jurisdictions on the list to nine.
FBI operation delayed shutdown of defunct British DFM
Insolvent discretionary fund manager Beaufort Securities was given a stay of execution by the UK regulator to allow the Federal Bureau of Investigation to finish its undercover operation, it has been revealed.
China’s wealthy send $172bn offshore in three years
A “staggering” $172bn in Chinese funds have been deposited offshore by non-bank institutions in just three years, according to a report by Knight Frank.