Coutts probed over client tax evasion allegations
Coutts & Co is under investigation by a German prosecutor regarding allegations of assisting client tax evasion.
Tax & Regulation
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Nutmeg may consider expats for new pension
Investment manager Nutmeg has launched an online pension, and may look at opening it up to investors living in key expat jurisdictions.
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Exfinancial planning exec admits to insider trading
A former financial planning manager has pleaded guilty to “opportunistic” insider trading after netting £30,000 from the deals.
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Jersey chief minister disappointed at Miliband
Jersey’s chief minister Ian Gorst has formally expressed his “disappointment” with statements from Labour Party leader Ed Miliband about tax transparency and disclosure efforts by UK overseas territories.
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Eclipse ruling A victory against
Hacker Young’s Michael Avient takes a look at the implications of HMRC’s victory against Eclipse on tax avoidance court cases.
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HMRC likely to review QROPS
HM Revenue & Customs is likely to address doubts surrounding the IHT-exemption of fully-flexible QROPS with a wide review into how overseas pensions are taxed, say industry experts.
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FCA to probe investment banks
The FCA will conduct its first investigation of investment and corporate banking to determine whether competition in the sector is working effectively.
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Tax evasion inquiries by foreign govts soar by 45%
Britain’s tax office has seen a surge in foreign governments making information requests about tax evasion over recent years.
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BlackRock reacts to pensions changes
BlackRock is poised to take advantage of the upcoming pensions freedom changes with the launch of three new target-date vehicles.
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UK to toughen tax evasion laws
The HSBC tax evasion scandal has put pressure on the UK government to introduce new legislation making it easier to prosecute people for hiding money in offshore bank accounts.
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FATCA goes live in Jersey
Financial institutions in Jersey can now register clients with the US, as the Foreign Account Tax Compliance Act (FATCA) goes live in the jurisdiction.
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UK taxpayers overpay £5bn in tax
Taxpayers in the United Kingdom are wasting around £4.9bn in unnecessary tax payments due to an absence of awareness, lack of concern or insufficient knowledge, a report suggests.