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Tax & Regulation | news 16 Dec 16
Celebrities face HMRC £50m tax clawback on empty data centres
Millions of pounds in tax relief given to celebrities such as England footballer Wayne Rooney and British comedian Jimmy Carr is being clawed back by HM Revenue and Customs (HMRC).
Robeco expands Conservative range with multi-asset launch
Robeco has extended its UK offering with the QI Conservative Multi Asset Fund, targeting “balanced returns combined with the volatility profile of defensive portfolios”.
Wealthy Singaporeans favour cash compared to HK counterparts
High net-worth individuals (HNW) in Singapore hold greater amounts of cash and deposits compared to their Hong Kong counterparts, according to Ivan Han, a Singapore-based senior analyst at Cerulli Associates.
China’s robo-advisers struggle to attract investors
The biggest challenge for robo-advisers in China is convincing people to take a long-term view on passive investing, says Frank Wang, managing director at Creditease Wealth Management.
EU eyes tax evasion law amid ‘Football Leaks’ scandal
The European Commission is set to unveil a new law next year aimed at fighting tax evasion following media reports accusing football stars of using tax havens to hide millions of euros in earnings.