ASIC targets Australia’s financial literacy
The Australian Securities and Investments Commission (ASIC) has introduced a new strategy which aims to improve financial literary throughout the country.
Tax & Regulation
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Tax expert calls for HMRC to ease off
A leading tax expert has called for HM Revenue & Customs to “ease off and stop being pedantic” over tax avoidance schemes and instead give investors an opportunity to “get on with their lives” and settle their owed tax.
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Chewing the FATCA 10 commonly asked
Dalila Ver Elst, senior compliance officer at Maitland, answers 10 frequently asked questions about the implications of the Foreign Account Tax Compliance Act.
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Lionel Messi accused of using UK
Spanish prosecutors have alleged that Barcelona footballer Lionel Messi avoided paying £3m in tax through the use of UK firms.
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IHT receipts leap as experts warn
Inheritance tax paid to the UK Government jumped by nearly 10% in the last year, as the amount levied from estates reached £3.4bn.
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Fears aggressive HMRC may target offshore bonds
The UK Governments continued aggressive stance towards tax avoidance and the blurring of its distinction between avoidance and evasion has raised concerns that more mainstream legitimate tax mitigation tools could come under increased scrutiny.
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FATCA seen as an opportunity not a burden
Contrary to common perception, many wealth management firms in the UK are embracing the controversial Foreign Account Tax Compliance Act (FATCA) legislation, which began its implementation on 1 July, with some carving out a niche specifically advising orphaned American clients.
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Green compares FATCA to communism in new video
Nigel Green has compared FATCA to communism and said American expatriates are furious at being discriminated against by the US government.
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The 10 least taxed countries in 2014
Tax relocation specialist Bradley Hackford has published its 2014 rankings of 10 countries where it is "interesting to establish a physical and tax residence".
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Threat to tax break for expats under consultation
Plans to disallow UK non-residents from benefiting from the personal allowance could mean those who work abroad for their companies are “significantly worse off”, according to top 20 accountancy firm Saffery Champness.
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Jersey sees post-AIFMD growth in
The number of funds notifying the Jersey Financial Services Commission (JFSC) of their intention to privately place into Europe under AIFMD rules has now surpassed 150.
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Four celebs who paid the price of tax avoidance
International Adviser looks at four cases of celebrities being targeted for their investment into tax avoidance schemes.