News
The International Stock Exchange listings up 45% in 1H17
Guernsey-based The International Stock Exchange (TISE) reported a 45% increase in listings year on year at the end of June to 2,411 listed entities.
Tax & Regulation | news 31 Aug 17
UK non-dom taxpayers add £9.3bn to gov’t coffers
Non-domiciled taxpayers in the UK contributed £9.3bn ($12bn, €10bn) in tax receipts in fiscal year 2014/15, data released by HM Revenue & Customs shows.
North America | news 31 Aug 17
US tax workers jailed for using foreign IDs in $5m scam
Three Americans have been convicted of using the stolen identities of foreign nationals to conspire to defraud the US Internal Revenue Service (IRS) of more than $5m (£3.9m, €4.2m) over the course of four years.
Cayman-based Bernie Madoff feeder fund author of own demise
After a 12-week trial, liquidated Cayman Islands investment fund Primeo, which invested with infamous Ponzi scheme Bernard L Madoff Investment Securities (BLMIS), was found to be “to a very substantial degree the author of its own misfortune”, a judge has ruled.
Best Practice | news 31 Aug 17
UK advisers relying on model portfolios
More than three quarters of advisers in the UK use model portfolios according to new research which shines a light on the growing shift towards structured investment offerings.