North America
North America | 21 Mar 18
Expats ‘considering bankruptcy’ in wake of repatriation tax
A US tax aimed at multi-nationals hoarding cash offshore is forcing clients to consider insolvency.
North America | 20 Mar 18
IRS releases Trump ‘Apple tax’ guidance
US tax authorities have produced new question and answer guidance on repatriation tax which was part of Trump’s election pledge to clamp down on offshore tax avoidance.
Best Practice | 16 Mar 18
US to shut $11bn offshore voluntary disclosure programme
The disclosure scheme that allows US taxpayers hiding offshore accounts to come clean and face more lenient penalties will close in September 2018, the Internal Revenue Service (IRS) announced this week.
Panama Papers take down law firm Mossack Fonseca
The law firm at the centre of the Panama Papers scandal, which saw millions of its private client files leaked to the media, has announced it is closing.
Prudential offloads £12bn annuity book as it carves out M&G
Prudential is selling £12bn ($16.7bn, €13.5bn) of its UK annuity portfolio in a landmark deal to Rothesay Life, as part of a major revamp that will see its UK and Europe business, M&G Prudential, become a separately-listed company.