The UK government has won an important court case defeating the use of a widely-marketed scheme to avoid stamp duty land tax, the knock-on effect of which could see the UK exchequer save up to £170m in lost revenue.
Standard Chartered, the London-based, Asia-focused banking group, has restructured its capital markets and syndications operations in the greater Gulf area, giving new responsibilities and expanded titles to Steve Perry and Salman Ansari.
The European Fund and Asset Management Association has written an open letter to “all interested governments and parties” encouraging all European governments to become FATCA partner countries, as with the G5.
Capital Platforms, the Singapore-based international platform provider recently launched by the original founders of Boston Direct Management, has formed a “working alliance” with Royal London 360°.
Brooklands Pensions, the UK- and Dubai-based pensions administrator, has opened a representative office in Kuala Lumpur, Malaysia, as it looks to expand its presence in Southeast Asia.
HM Revenue & Customs has launched a consultation seeking the finance and tax industry's views on the implementation of a bilateral agreement between the UK and the United States aimed at helping the UK comply with the US government's Foreign Account Tax Compliance Act (FATCA).
Andrew Watt and Rebecca Busfield, who until recently headed the tax investigations team at Alvarez & Marsal Taxand UK, have launched their own London-based tax investigation and consultancy services business.
Alexander Forbes Offshore, a Jersey-based financial advisory arm of the South Africa-based Alexander Forbes Group, has unveiled a discretionary investment plan, in association with Collins Stewart Wealth Management, for use by investors with £25,000 or more to invest.
Threadneedle has today launched a Luxembourg-domiciled Multi-Asset Target Alpha Fund for Toby Nangle who joined the firm as head of multi-asset allocation at the start of this year.
Recent research has revealed that those who use financial advisers save more and are better protected. However, Guardian WM’s David Howell says an “international RDR” could derail this.
HM Revenue & Customs has launched a series of new task forces today to tackle tax dodgers, one of which is aimed at the London-based legal profession.
International accountancy firm Ernst & Young has been fined by the Dubai Financial Services Authority, while it is also facing action from the Securities and Futures Commission of Hong Kong.
