News
North America | news 4 Sep 17
US Republicans lobby to scrap Fatca and tax on citizens abroad
The Republican National Committee (RNC) has urged president Donald Trump to replace citizenship-based taxation, and therefore scrap the Foreign Account Tax Compliance Act (Fatca), in his tax reform package.
OMW splits off £16bn multi-asset business as Buxton eyes MBO
Old Mutual Wealth is to spin off a dedicated £16bn ($20.7bn, €17.5bn) multi-asset investment business as part of the ongoing “managed separation” from its parent company.
Macro Views | news 4 Sep 17
‘Harvey damage will force Fed to hold rates’
The damage caused by hurricane Harvey will dampen US GDP growth to an extent that will force the Fed to forget about hiking rates further this year, it has been claimed.
Tax & Regulation | news 4 Sep 17
Aussie watchdog turns spotlight on IFA remuneration practices
The Australian Securities and Investments Commission (Asic) plans to build consumer trust in financial advice by focusing on remuneration and incentives practices within the industry.
India PM urges taxman to use data analytics to curb avoidance
Indian prime minister Narendra Modi has said that tax administrators should use data analytics to track undeclared wealth and set clear targets for improving tax administration by 2022.