Europe
Canary Islands Gov’t reduces succession and gift tax by 99%
The Canary Islands has announced that tax on successions and gifts to children and spouses will be reduced by 99%, a measure which is likely to save taxpayers on the island around €30m next year.
Neptune hires Swiss head to boost country growth
Independent fund management company Neptune Investment Management has appointed a head of Switzerland as it looks to grow its business in the country.
EU body opens consultation on region-wide pension plan
The European Insurance and Occupational Pensions Authority (EIOPA) is seeking comments from the pensions industry on plans to create a standard pan-European personal pension product.
Tax strategies: Liechtenstein Disclosure Facility
The Liechtenstein Disclosure Facility (LDF) has been with us for nearly six years. It now only has a limited shelf life as it is due come to an end at the end of 2015, which is earlier than was previously planned.
China Universal sets out European expansion plans
Shanghai-based China Universal Asset Management has established a Luxembourg SICAV from which it plans to launch a series of UCITS funds in the coming months to give European investors access to the Chinese capital market.