North America
Trustee sought for $1.2bn Ponzi scheme
A federal judge has been urged by the US Securities and Exchange Commission to appoint a trustee to manage a bankrupt property developer accused of being a Ponzi scheme.
US slams EU tax haven blacklist
The US Treasury Department “disagrees” with the recently released EU tax haven blacklist, arguing that it “undermines” international standards put in place to identify non-cooperative tax jurisdictions, according to a letter sent to the EU security general.
Expats hit as funds suspended over missing Priips documents
US expats will be among the worst affected after Hargreaves Lansdown suspended nearly 1,200 ETFs and investment trusts last week after they failed to produce a key information document (Kid) as required under the EU’s new Priips regulation.
Swiss tax evaders come clean in record numbers
Officials in Zurich reported a three-fold rise in the number of tax evaders voluntarily turning themselves in during 2017, as international regulations requiring Swiss banks to share details of offshore clients takes effect.
Nigel Green’s investor advice for 2018
Inflation rates rising, the Chinese economy slowing and the US pushing back against free trade agreements are all real possibilities investors must “carefully monitor” in 2018, according to deVere Group chief executive Nigel Green.