raid on swiss accounts of brits a flop
A scheme to tax the secret Swiss bank accounts of UK taxpayers, first unveiled in 2011, has failed to bring in £2bn of the projected £3.2bn it was projected to raise, the Sunday Times has reported.
A scheme to tax the secret Swiss bank accounts of UK taxpayers, first unveiled in 2011, has failed to bring in £2bn of the projected £3.2bn it was projected to raise, the Sunday Times has reported.
EEA Fund Management has contacted shareholders in its suspended EEA Life Settlements Fund asking them to vote on a restructuring proposal which could see the ‘death bonds’ fund unsuspended in six weeks’ time.
Officials from the three UK Crown Dependencies have been calling attention to a House of Commons statement by Britain’s Prime Minister, David Cameron, in which he said they were not tax havens.
Switzerland moved a step closer on Monday to providing bank data to the American tax authorities, after the Swiss House of Representatives voted in favour of allowing Swiss banks to comply with the US Foreign Account Tax Compliance Act.
All countries within the European Economic Area were required to implement the new AIFMD laws by 22 July this year.
Competition in financial services is not working as it should because consumers are poorly engaged, according to Christopher Woolard, director of policy, risk and research at the UK’s Financial Conduct Authority.
The G20 Group of wealthy countries has announced plans to introduce automatic exchange of tax information the global standard by 2015.
The sizeable advice gap left by large institutions ditching their US clients is an even bigger opportunity, says Guardian WM’s David Howell.
Switzerland, for the fourth consecutive year, tops the overall rankings as the most competitive country in the world, according to the latest detailed global report by the World Economic Forum.
Individual taxpayers and SMEs will now be able to request to settle a tax dispute with HM Revenue & Customs through an arbitrage process, rather than through tribunal.
Jersey ministers have held urgent talks with their counterparts in Paris to find out why Jersey has been placed on an official French blacklist of uncooperative tax havens.
The French Government has added Jersey, Bermuda and the British Virgin Islands to its list of uncooperative tax jurisdictions according to an entry in France’s gazette for official decisions dated August 21.