News
Int’l life company closures in HK ‘likely in near future’
Hong Kong will see an acceleration of the departure and downsizing of international life companies unless significant tax measures are taken to secure it as an insurance hub, according to an influential government advisory body.
ANALYSIS: Aberdeen/SL deal ushers in new wave of M&A
After being forced to confirm discussions about a potential £11bn (€12.7bn, $13.5bn) merger, does the consolidation of Standard Life and Aberdeen Asset Management prove a new wave of M&A in fund management is on its way?
Tax & Regulation | news 6 Mar 17
IoM regulator investigates another troubled sustainable fund
The Isle of Man Financial Services Authority (IOMFSA) has appointed a controller for Quadris Environmental Forestry Fund PCC, a fund investing in Brazilian teak plantations, its third such move against a sustainable fund in less than a year.
DeVere Group to launch Mauritius investment bank
DeVere Group is to launch an investment bank on the offshore jurisdiction of Mauritius.
North America | news 6 Mar 17
Canada vows to curb tax dodgers amid KPMG offshore scandal
Canadian prime minister Justin Trudeau has vowed to do a “better job” tackling tax evasion and tax avoidance following a high-profile exposé into how wealthy individuals used an Isle of Man-linked offshore scheme to avoid paying C$130m (£79m, $97m, €91m) in taxes.