iasb unveils revised proposals
The International Accounting Standards Board has released its latest draft of plans aimed at making it easier to read and compare the financial statements of insurers.
Tax & Regulation
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efamas de proft details industrys
The head of the main association representing Europe’s asset management industry has called on key members of the European Parliament to get a move on in its efforts to draft a package of investor protection regulations known as PRIPs.
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number of ex pat americans renouncing
The number of ex-pat Americans who are formally renouncing their citizenship, though small relative to the total number who live abroad, has risen steeply in response to the increasing costs and hassles associated with being a US citizen abroad.
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us institutions to expats take your retirement
First American expatriates were told that their bank accounts weren’t welcome. Now, it seems, Americans’ tax-deferred retirement accounts are also increasingly unwanted by US financial institutions, unless these accounts are of significant size.
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jersey court dismisses first ever appeal under
The Royal Court of Jersey has dismissed the first ever appeal brought as a consequence of a request for information under a Tax Information Exchange Agreement.
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oecd sets out four steps to tackling global
The OECD has presented a report to the leaders of the G8 countries which sets out a four-pronged strategy for tackling global tax evasion.
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hk regulator suspends former hsbc adviser
The Hong Kong Monetary Authority has suspended a former HSBC adviser for three years over misselling an investment linked insurance scheme (ILAS).
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isle of man g8 action plan
The Isle of Man is to review its existing provisions on beneficial ownership and consider the introduction of a centralised registry as part of its G8 action plan to tackle tax evasion.
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banks face naming and shaming over legal
Banks could be “named and shamed” for assisting in tax avoidance, even if it is legal avoidance, under proposals issued by HM Revenue & Customs.
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pre g8 discussions constructive and candid
Discussions held at a pre-G8 meeting over the weekend on tax, trade and transparency has been described as “constructive and candid” by Guernsey’s chief minister Peter Harwood.
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canada mounts resistance to camerons
David Cameron’s plans to introduce multi-lateral agreements to crack down on aggressive tax avoidance at the G8 summit next week, were shaken yesterday following reported resistance by Canadian prime minister Stephen Harper.
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switzerland moves step closer to deal
Switzerland's Senate has approved a draft law that would allow the country's banks to pass depositors' information to US authorities, potentially bringing closer an end to an ongoing dispute between the two countries.