Europe
Malta accused of being a tax haven after taking EU presidency
Malta has been accused of being a tax haven after a new report found that the European Union’s smallest member state helped multinationals avoid paying €14bn (£12.1bn, $14.8bn) in taxes between 2012 and 2015.
Quaero brings `family enterprise’ fund to Asia
Geneva-based asset manager Quaero Capital is bringing its specialist fund that invests in European companies with family shareholders to Asia.
Malaysian asset manager launches first sukuk Ucits fund
The Irish unit of Malaysia-headquartered CIMB-Principal Islamic Asset Management has launched its first global sukuk Ucits fund.
Old Mutual exits Europe after completing sale of Italian unit
Old Mutual has confirmed its exit from continental Europe after finalising the sale of its Italian operations to Phlavia Investimenti.
Portugal strikes Jersey and Isle of Man off blacklist
Portugal’s government has removed Jersey, Isle of Man and Uruguay from its latest blacklist of jurisdictions.