Switzerland in tax secrecy declaration
Switzerland has committed to the automatic exchange of tax information between jurisdictions in a declaration made at the OECD’s annual ministerial council meeting in Paris yesterday.
Tax & Regulation
-
-
Singapore signs agreement to implement FATCA
Singapore and the United States have signed an agreement which will enable Singapore-based financial institutions to more easily comply with the US Foreign Account Tax Compliance Act.
-
Towergate could face fine over FCA investigation
Towergate could be fined by the Financial Conduct Authority (FCA) over the potential mis-selling of two of its products, following discussions with the regulatory body.
-
hong kong signs tax exchange agreement
Hong Kong has signed its first ever tax information exchange agreement (TIEA), paving the way for its implementation of the US foreign account tax compliance act.
-
Ex-UBS trader banned by FCA over trading losses
The FCA has banned an ex-UBS trader from performing any function in relation to any regulated activity for his hand in unauthorised activity related to $2.3bn in trading losses by another trader.
-
channel islands torn over pms beneficial
David Camerons recent letter to overseas territories about the importance of beneficial ownership has received a divided response from senior figures in Jersey and Guernsey.
-
australia signs fatca agreement
Australia has signed an intergovernmental agreement (IGA) with the US in order to reduce the burden on financial institutions when complying with FATCA.
-
greene king at the centre of 36m tax avoidance
A tax avoidance scheme used by Greene King, among others, designed to make taxable interest payments disappear, has been blocked for the second time by a tax tribunal.
-
web community petitions jersey over tax avoiders
An online community with more than 35 million members worldwide is running a petition to pressure the Jersey government into creating a register of beneficial owners, like that announced by the UK last week.
-
tax paid by non doms hits record high
Tax paid by so-called non-doms to the UK Treasury hit a record high of £6.8bn last year, according to data obtained by international law firm Pinsent Mason.
-
invesco perpetual fined 186m by fca
Invesco Perpetual has been fined nearly £19m by the Financial Conduct Authority for “exposing investors to greater levels of risk than they had led to believe”.
-
strip club tax claim dismissed by tribunal
An exotic dance club that pursued legal action over the taxation of its services has had its case dismissed.