Europe
M&G shifts four UK funds to Luxembourg over Brexit fears
UK asset manager M&G Investments is transferring four domestic open-ended funds to its Luxembourg platform over fear and uncertainty surrounding the UK’s exit from the European Union.
Harvest Global funds first to get Swiss-HK recognition
Specialist China and Asian markets asset manager Harvest Global Investments has become the first firm to qualify funds for the Switzerland-Hong Kong Mutual Recognition of Funds (MRF) scheme.
Messi to swap prison sentence for €255k fine in tax fraud case
Football star Lionel Messi could see his 21-month prison sentence for tax fraud replaced with a €255,000 (£224,313, $285,381) fine, Spanish prosecutors have said.
EU’s new tax avoidance law to target Channel Island schemes
Schemes involving transactions to low tax jurisdictions such as Jersey and Guernsey will need to be reported to the European Union, under new legislation aimed at tackling tax avoidance.
Footballer to pay €2m to settle Spanish tax fraud case
Former Manchester United winger Angel di Maria has agreed to pay €2m ($2.2m, £1.76m) to settle tax fraud charges in Spain in the latest high-profile tax scandal to rock the football industry.