Gibraltar is preparing for a post-Brexit scenario where firms will no longer have access to the European Union single market, focusing instead on maintaining a preferential relationship with Britain, a top government official has revealed.
Members of the European Parliament have asked the European Commission to open talks with the US to make data exchange under the Foreign Account Tax Compliance Act (Fatca) reciprocal.
International insurance companies headquartered on the Isle of Man will only have to spell out to customers how much commission they will have to pay to intermediaries over the life of the product at the end of the sales process.
The European Commission could follow in the footsteps of the UK by imposing fines and other disciplinary measures for advisers, who use “aggressive” tax planning schemes to help their clients avoid paying tax.
The Retail Distribution Review (RDR) regulations, which banned commission and introduced a fee-based model for advisers, has failed to improve the accessibility of financial advice, according to industry stalwart Peter Mann.
UK Sipp provider James Hay has been hit with a £1.8m (€2.12m, $2.3m) tax bill from HM Revenue and Customs (HMRC) over the Guernsey-listed biofuel investment scheme Elysian Fuels.
The mutual funds industry in the UAE is still waiting for clarity from the Securities and Commodities Authority (SCA) on its recently introduced registration and promotion systems as another regulator, the Insurance Authority, moves ahead with life company and adviser reforms.
A growing number of UK financial advisers are struggling to get to grips with the country’s complex pension regulations and tax planning, latest figures from Prudential reveal.
A British lawyer who became a self-proclaimed ‘financial adviser’ after being struck off has been jailed for six years for swindling clients out of almost £1.5m (€1.8m, $1.9m).
France’s newly elected president Emmanuel Macron unveiled a slew of proposals during his campaign to combat the country’s 10% unemployment rate and sluggish economic growth. Here we take a look at his plans for tax and spending cuts, public sector job losses and a €50bn (£42.3bn, $54.9bn) stimulus package.
Spain will target what it considers to be Gibraltar’s “unjustifiable privileges” on tax in Brexit negotiations, a leaked government report has revealed.
Guernsey’s decision to update its pension regulations so that it includes international schemes could be to support growth in the Qnups market, according to David White, partner at The Qrops Bureau.
