News
Best Practice | news 2 Nov 16
Brazil nets $15.7bn in tax amnesty
More than 25,000 individuals and 103 companies voluntarily declared offshore assets worth more than BRL169.9bn via a Brazilian amnesty, netting the taxman BRL50.9bn (£12.8bn, $15.7bn, €14.3bn) in taxes and penalties.
Tax & Regulation | news 2 Nov 16
Ex-BlackRock man Lyttleton pleads guilty to insider trading
Mark Lyttleton, a former fund manager at BlackRock, pleaded guilty on Wednesday to two counts of insider trading and will be sentenced on 21 December, the Financial Conduct Authority has confirmed.
Labuan targets US expat friendly business with FATCA support
Malaysia’s Labuan International Business and Financial Centre (IBFC) is looking to tap into the US expat market by helping businesses in the financial centre comply with the US’s Foreign Account Tax Compliance Act (Fatca).
Macro Views | news 2 Nov 16
UK inflation to peak at 4% next year, says think-tank
Brexit-fuelled sterling weakness will push consumer price inflation toward 4% in the middle of next year, the National Institute of Economic and Social Research said on Wednesday.
UK could be ‘held hostage’ in Brexit talks over Gibraltar
Spain could use the British overseas territory of Gibraltar to hold the UK “hostage” in the final negotiations over Brexit, causing serious problems for businesses, according to former UK foreign secretary William Hague.