Landmark german swiss tax deal hits the rocks
A landmark tax deal between Germany and Switzerland has been blocked by Germany’s upper house of parliament, the Bundesrat.
Author: Mark Battersby
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hmrc sends out tax avoidance warning letters
HM Revenue & Customs is sending letters directly to 1,500 people who it believes have signed up to one particular avoidance scheme.
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wells fargo registers six funds in switzerland
Wells Fargo Asset Management is building its presence in Switzerland having registerd six new sub-funds there from within its Luxembourg-domiciled Worldwide Fund range.
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Global funds under mgt reach 84 trillion dollars
Global funds under management have reached a record $84.1trn and could rise further to $85.2trn by the end of the year, according to TheCityUK’s 2012 fund management report.
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top twenty tax systems in the world
The United Arab Emirates ranks the best in the world as a tax system where medium sized businesses can flourish, according to tax and accountancy practice PwC’s highly regarded 2012 global tax league report.
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Standard Life chairman appointed to adcb board
Abu Dhabi Commercial Bank has appointed Gerry Grimstone, the chairman of the UK's Standard Life, as adviser to the bank's board.
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devere launches support centre in spain
The deVere Group is to recruit 60 staff within a year to work at its new European Communications Centre, which was launched earlier this month in Fuengirola, southern Spain.
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collins stewart role for three crown dependencies
Collins Stewart Wealth Management has appointed James Swaisland to lead the compliance team in the Isle of Man, Guernsey and Jersey.
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vam launches global managed fund
VAM Funds, the specialist Luxembourg-domiciled investment firm, has launched a managed fund which will invest in four main asset classes across the world using the expertise of Newscape Capital Group’s multi-asset team to manage risk.
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fund regs will impact negatively on advisers
One third of financial advisers believe the current overhaul of fund distribution regulation in a number of jurisdictions will impact on them negatively, according to the results of a poll conducted by International Adviser.
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canada life intl gives unisex rate for life plan
Canada Life International has announced the timetable for unisex rates to be applied to its Flexible Life Plan, driven by the forthcoming introduction of gender equalisation legislation on 21 December.
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hmrc claws back 21bn pounds from tax evaders
HMRC clawed back a record £21bn from its investigations into tax avoiders and evaders in the year to March, according to accountant UHY Hacker Young.