Europe
Spanish tax inquiries triggered by common reporting standard
It is only “a matter of time” before an innocent international client is accidentally snared by the Common Reporting Standard (CRS), according to a European tax adviser with clients who have received tax investigation notifications.
Ronaldo accepts €18.8m fine in tax evasion case
Portuguese football superstar Cristiano Ronaldo has agreed to accept an €18.8m (£16.4m, $21.8m) fine and a suspended jail sentence to settle tax evasion charges, according to media reports.
IDD will make inducement rules ‘worse’ – Fecif
A European-wide adviser survey shows how the next wave of red tape in Europe will match Mifid II in its impact.
Swiss banking secrecy laws ‘not doomed yet’
Plans to scrap a class of anonymous shares in Switzerland have been met with fierce opposition and will likely not be passed into law, as three out of four of the nation’s major political parties have criticised the idea.
Ex-ECB boffin heads upgraded adviser pensions unit
European advice trade body Fecif has launched a pensions institute to address the growing pensions gap.