News
Middle East | news 12 Jun 17
Saudi expat tax to start in July
Saudi Arabia will levy a new tax on expatriates and their dependents from 1 July 2017 in a bid to boost the Gulf state’s local employment and revenues following persistently weak oil prices.
Retirement | news 12 Jun 17
Fund industry profits shrink as higher costs and passives bite
Worldwide profits for traditional mutual fund groups fell by close to 3% in 2016, despite a solid rise in the value of assets under management, according to a report by McKinsey.
Tax & Regulation | news 12 Jun 17
Newcastle Utd launches legal action against HMRC tax raids
A UK high court has banned HMRC from examining material seized from Newcastle United’s football stadium following a legal challenge mounted by the club.
Capital Group launches US equity fund in Asia
US investment manager Capital Group makes a bet that the American economy will stay robust and launches a US equity growth strategy available for professional investors in Asia.
Best and worst funds in Asia
Allianz, Schroder, Blackrock, UBS and Castlestone have funds that are among the best and the worst performers on a three-year basis as of 31 May.