Old Mutual launches expat referral service for tax advice
Old Mutual International has launched a new expat referral service in partnership with tax experts Ernst & Young (EY).
Tax & Regulation
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Further tax cuts predicted as Hammond becomes UK chancellor
Britain’s new prime minister Theresa May has appointed former foreign secretary Philip Hammond as chancellor of the exchequer with a leading expert predicting he may delay long-awaited reforms to non-UK domiciles.
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FSCS payments reach record high over risky Sipps investments
Payouts to UK consumers, aggrieved by poor life and pensions advice, have more than doubled due to an increase in high risk Sipp investment claims, new figures from the Financial Services Compensation Scheme (FSCS) show.
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Jersey signs tax agreement with Cyprus
Jersey is keen to sign more double taxation agreements (DTA) having signed its latest such accord with the Republic of Cyprus on Monday.
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UK regulator wades in to property fund suspensions
The Financial Conduct Authority (FCA) has reminded fund managers of their obligations to investors following the closure of a number of high profile property funds in the UK.
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Lionel Messi sentenced to 21 months for tax fraud
Argentinean footballer Lionel Messi has been sentenced to 21 months in prison for tax fraud by a Spanish court after being found guilty of defrauding Spain of €4.1m (£3.5m, €4.6m) between 2007 and 2009.
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UBS ordered to release account details to French authorities
Switzerland’s Federal Tax Administration has ordered UBS to provide account information to French authorities, with the Swiss bank now expecting similar requests from other countries.
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Gibraltar, Cayman sign MoU on alternative investment funds
The Gibraltar Financial Services Commission (GFSC) has signed an agreement with the Cayman Islands Monetary Authority (Cima) on the oversight of alternative investment fund managers.
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Is post-Brexit Britain the next tax haven?
The OECD’s head of tax has warned that the UK could be even more aggressive in its post-Brexit tax offering, as chancellor George Osborne announces plans for further cuts to corporation tax.
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Samoa’s PM defends island’s role as offshore tax haven
The prime minister of Samoa, Tuilaepa Aiono Sailele Malielegaoi, has defended his country’s role as an offshore tax haven, claiming the ravages of climate change have left the Pacific island nation increasingly reliant on the revenue it brings.
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AJ Bell lays the odds for UK post-Brexit reforms
With UK chancellor George Osborne having abandoned his plans to generate a budget surplus by 2020 following Brexit, AJ Bell senior analyst Tom Selby gives his odds on whether HM Treasury will adopt any of the six radical money saving options available to them and if the Pensions Bill will be delayed.
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Isle of Man cuts probate charges on life assurance policies
The Isle of Man has slashed its probate charges for non-resident applications where the only asset is a life assurance policy issued by one of the island’s insurance companies.