The securities regulator's plan to tighten the rules on investment-linked insurance products is more an opportunity than a threat, Friends Provident International’s Hong Kong based general manager has told the South China Morning Post.
Jersey has ‘initialed an agreement with the US’ to comply with its pending Foreign Account Tax Compliance Act, and has also agreed an information reporting “package” with the UK.
Guernsey is preparing to finalise a draft tax disclosure agreement with the UK based on the principles of the US government’s Foreign Account Tax Compliant Act, which it is also implementing.
With new requirements for advisers set to take effect in Jersey next year, the Chartered Institute for Securities & Investment has published details of which of its qualifications meet the new standards.
Leading tax specialists are predicting that in next week’s UK Budget speech we will see more powers handed to HM Revenue & Customs to prevent and discourage people against aggressive tax avoidance.
International finance centres are changing to meet the needs of an increasingly ‘tax conscious’ world. Guardian WM’s David Howell suggests the challenge for advisers will be to keep ahead of the game.
A former president of the Association of Taxation Technicians and his fellow company director have been jailed for eight and a half years each for a £5m pension scheme tax fraud.
A scheme unveiled in 2011 and designed to attract such highly-skilled individuals as actuaries to Malta now has some 50 takers, the Maltese financial services regulator reports.
HM Revenue & Customs has won a court case against a tax avoidance scheme sold by Jersey-based Dominion Financial Services Group.
Jersey Finance, the promotional body responsible for the island's finance industry, has been asked by the States of Jersey to consult its members on the possibility of entering into a so-called 'FATCA type' agreement, including a disclosure facility, with the UK government.
Football superstar David Beckham is reportedly being investigated by the French tax authorities over claims that his decision to have wages paid by his new club Paris St Germain directly to charity are simply an elaborate tax dodge.
HM Revenue & Customs has published a list detailing the names and addresses of what it calls “deliberate tax defaulters”.
