Glimmer of hope for US expats on citizen-based taxation
The US Republican party is reportedly looking to eliminate requirements for citizens abroad to pay taxes both overseas and in the US, according to UK newspaper the Financial Times.
The US Republican party is reportedly looking to eliminate requirements for citizens abroad to pay taxes both overseas and in the US, according to UK newspaper the Financial Times.
The Securities and Exchange Commission (SEC) has announced that UK investment firms will be able to temporarily access research from the US post-Mifid II.
Advisers in Europe need to embrace the hurricane of legislation that is about to hit them or risk “driving their business into a cul-de-sac with no reverse gear“, writes Chris Lean, a Czech-based chartered financial planner with Aisa International.
Upfront commission remains a burning issue in South Africa, as the nation’s financial advice sector awaits the regulator’s next move following the signing of the ‘Twin Peaks’ legislation into law.
The way in which firms calculate redress for complaints about defined benefit (DB) pension transfer advice was updated by the Financial Conduct Authority on Friday.
The UK tax office is planning to introduce hefty new penalties of up to 200% on taxpayers with undeclared offshore investments, prompting calls from the Association of Taxation Technicians for people to get their affairs sorted sooner rather than later.
The UK lost out on a fifth of the tax revenue it expected to raise in 2015/16 because of evasion and avoidance, figures released on Thursday by HM Revenue & Customs show.
There are some serious positives for savvy advisers with the long shadow of Brexit negotiations driving expats to seek professional advice in droves.
The lower house of the Swiss parliament has rejected automatic exchange of information (AEOI) agreements with New Zealand and Saudi Arabia but has given the green light to ratify deals with 39 other nations.
The UK’s House of Lords has demanded a ban on pension cold calling be included in the upcoming Financial Guidance and Claims Bill following revelations that cold calls have risen 180% in just 10 months.
The Netherlands looks set to trim rather than slash its 30% rule tax benefit for expats to bring it into line with other EU countries.
The Cayman Islands have introduced a “unique” law that allows a company to function with the tax benefits of a common-law trust, which could prove an attractive alternative to trusts for private clients.