the uk and spain top tables for unwelcome
Governments in Europe and Asia are targeting wealthy property buyers with higher stamp duty fees in an attempt to help plug their fiscal deficits, according to new research by UHY International.
Tax & Regulation
-
-
hmrc data requests hit record high
The number of requests for data HMRC made to Crown Dependencies and Overseas Territories on possible tax evaders hit a record high last year as the Government cracked down heavily on offshore tax havens.
-
hmrc protects 1bn of tax during first six months
The amount of tax ‘protected’ by HM Revenue & Customs in the first six months of this year surpassed £1bn, according to the Revenue.
-
advisers missing ldf advice opportunity
Many financial advisers are unaware of the advice opportunities available once a client has made an overseas assets disclosure, such as through the LDF, according to research from Skandia International.
-
hmrc beats 135m stamp duty avoidance scheme
HM Revenue & Customs has won a tribunal to have a scheme avoiding stamp duty land tax shut down.
-
oecd g20 presentation wont affect individuals
This Friday’s presentation by the Organisation for Economic Co-operation and Development to the G20 is unlikely to have many repercussions on wealthy individuals, says a tax expert, although UK trade body CBI is already drafting up businesses' response to the anti-avoidance proposals.
-
relief as us delays fatca deadline
The US has given non-US financial institutions around the world another six months to prepare to comply with FATCA, pushing the deadline back to 1 July, 2014.
-
gibraltar fsc publishes self assessment
Gibraltar’s Financial Services Commission has published a self-assessment paper about its performance as a regulator on its website, and is inviting comment from interested industry stakeholders.
-
gibraltar wins ecofin approval for income tax
Gibraltar’s Income Tax Act has received endorsement from the European Council of Economic and Finance Ministers and is now compliant with the EU Code of Conduct for Business Taxation.
-
us congressman unveils bill
A US congressman has highlighted a potential problem in the complex arrangements under which financial institutions in foreign countries are being persuaded to provide financial information to the American tax authorities, to comply with FATCA.
-
with great regulatory change comes great
In markets hit by a wave of complex and contradictory regulation and change, only investment firms that capitalise on emerging opportunities will survive according to a new KPMG report.
-
half of all asset managers confused by fatca
The majority of asset managers polled in a recent survey have admitted they are still unclear about the requirements of the Foreign Accounts Tax Compliance Act (FATCA) despite the cut off period for compliance now less than six months away.