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).
Tax & Regulation
-
-
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.
-
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.
-
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.
-
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.
-
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.
-
baker tilly offshore jurisdictions not sunny
A senior partner at tax specialist Baker Tilly has come to the defence of offshore jurisdictions, arguing they are often at least as well regulated as the UK and that views of them as “shady” are outdated.
-
barcelona striker messi accused of 4m tax fraud
Barcelona footballer Lionel Messi is being investigated by the Spanish authorities for tax evasion, according to widespread reports.
-
eu commission pushes for wider tax disclosure
The European Commission has today proposed extending the automatic exchange of information between member states, claiming that the new requirements will go further than FATCA in tackling tax evasion.
-
alarm among uk wealth managers over
UK accountants are expressing concern over the implications of a recent High Court ruling which appears to suggest that practitioners have an obligation to advise their clients to avoid paying tax.
-
hmrc closes advisers 24m tax avoidance
HM Revenue & Customs has won a Tribunal to close down a tax avoidance scheme which had sought to cheat the public purse of £2.4m through the use of Employee Benefit Trusts.
-
baker tilly questions hmrc tax gap hole
A tax specialist has uncovered a ‘big hole’ in HMRC’s tax gap figures, following the publication of data by The Institute of Economic Affairs (IEA) relating to the amount of money the Exchequer is losing to the UK’s shadow economy.