Isle of Man denies financial crime case failings
The Isle of Man has hit back against claims by a news agency that it failed to respond to requests for information from Indian authorities in relation to a bribery and corruption investigation.
Best Practice
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Expats selling UK homes must meet CGT reporting deadline
Non-residents selling property in the UK who fail to report their capital gains tax liability to HM Revenue & Customs within 30 days will be hard pressed to plead ignorance, despite precedence, following two recent tax tribunal judgments.
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How one IFA uses tech to X-ray its international business
How can international financial planners get the most out of technology and where exactly should the line be drawn?
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Paul Evans talks Middle East regulation changes and supporting advisers
Paul Evans, head of sales for the Middle East and Africa at Old Mutual International, discusses the work his team is doing to support advisers dealing with changing regulation and client needs. He is finding increasing demand for new product solutions and outsourcing options to meet the needs of high net worth clients.
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Making trusts simpler using a bond wrapper
Complications with trust arrangements can be eased by using a bond wrapper to hold any investment, according to Canada Life technical manager Neil Jones.
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Appleby defeat will mark ‘open season’ on offshore tax planning
The flood gates will open for so-called ‘hacktivists’ to attack the offshore industry if the law firm at the heart of the Paradise Papers loses its legal case against two UK publications, according to a leading lawyer.
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Why managers need to wake up to ESG threat
While the pace of change may differ between clients, for the future of ESG investments the only way is up. So, how at risk are the funds or wealth managers that do not manage to move to a full ESG-process across a client’s entire portfolio?
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Two international tax case studies on Indian expats
India is thought to have more citizens living abroad than any other country in the world, estimated by its government to exceed 30 million.
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Tax-efficient investing to boom despite heightened risks
Investor interest in tax-efficient Enterprise Investment Scheme (EIS) funds, run by HM Revenue & Customs, is expected to rise despite managers being forced into higher-risk investments as a result of recent rule changes.
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10 financial planning tips for divorce
Building up your savings and reviewing your will are among the steps Hargreaves Lansdown has recommended for individuals considering divorce.
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UK seeks industry help to wipe out £24bn cost of crime
The UK Government is raising awareness of the signs of money laundering and the risks firms and professionals face if caught facilitating or failing to reporting financial crime.
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HMRC reveals top 10 tax fraud cases of 2017
In its ongoing fight against tax evasion, HM Revenue & Customs has revealed its top ten tax fraud and organised crime cases of 2017. The list includes people with offshore accounts, a would-be spy, millionaires, accountants and data thieves. All cases came with large prison sentences.