Malta has been accused of being a tax haven after a new report found that the European Union’s smallest member state helped multinationals avoid paying €14bn (£12.1bn, $14.8bn) in taxes between 2012 and 2015.
HM Revenue and Customs (HMRC) could be forced to abandon plans to shut 170 local branches after the UK government’s spending watchdog accused the tax office of being “unrealistic” over its restructure plans.
A US congressman has introduced a bill that could delay the Department of Labor’s (DoL) much-anticipated fiduciary rule by at least two years.
HM Revenue & Customs (HMRC) has revealed its 10 most significant fraud and organised crime cases of 2016. In the ongoing fight against tax evasion, HMRC prosecuted a range of tax fraudsters leading to 679 individuals being convicted for their part in tax crimes, with sentences for 2016 totalling more than 730 years.
Retail investors in Singapore will receive greater protection following changes to the Securities and Futures Act (SFA).
A UK judge has ordered Zurich to pay damages of £223,000 ($275,211, €261,185) over wrong advice given to a British expat looking to reduce her inheritance tax (IHT) liability.
Account holders in Singapore have been told by the taxman to fully cooperate with their financial institutions as they determine the tax residency status of their clients under the Common Reporting Standard (CRS).
Portugal’s government has removed Jersey, Isle of Man and Uruguay from its latest blacklist of jurisdictions.
UK adviser directories Unbiased and VouchedFor have urged the Financial Conduct Authority (FCA) to publicise whether an adviser is independent or restricted.
A former Citibank senior personal banker in Hong Kong has been penalised for copying and pasting a client’s signature into a document to deceive the bank into accepting the signature as genuine.
South Africa’s Financial Services Board (FSB) will limit upfront commission to 50%, with the remainder set to be paid on an “as and when” basis as further details emerge on how the regulator will introduce the first set of Retail Distribution Review (RDR) measures.
HM Revenue & Customs (HMRC) has said it will continue to use accelerated payment notices (APNs) to combat tax avoidance schemes, despite concerns that the penalties are “morally questionable”.
