News
United Kingdom | news 23 Mar 18
Offshore ‘Crook’s Bank’ developer facing £1m fine
A money launderer who developed an online service for criminals using bank accounts in Portugal, the Cape Verde Islands, Jersey, Cyprus, and Switzerland has been ordered to pay £1m.
France increases tax breaks for Brexit talent
France has increased its bid to attract business amid the uncertainty of Brexit, using a little known rule allowing employees moving to France to enjoy income tax exemption for a total of eight years.
EU announces first blacklist sanctions
The EU Commission has sent a “wake-up call” to those on its blacklist for non-cooperative tax jurisdictions, announcing its first sanctions to counter their “aggressive tax practices”.
UK and Aussie regulators ink enhanced fintech agreement
The Financial Conduct Authority and the Australian Securities and Investments Commission have signed an enhanced fintech cooperation agreement.
Woodford defends fund dumped from income sector
Neil Woodford has defended his UK Equity Income fund’s strategy, saying it remains in the best interests of investors despite being kicked out of the Investment Association’s UK Equity Income sector.