American expats and the organisations that represent them are protesting at what they say is a fresh effort by Washington legislators to fund a domestic programme through measures that disproportionately affect non-US resident Americans.
The Society of Trust and Estate Practitioners (STEP) is unveiling its first ever advanced qualification aimed at advisers who need to understand the intricacies of international tax planning from a UK perspective.
Financial advisers in France report that a state of confusion exists in fiduciary companies and among accountants specialising in trusts, as the date for declaring an interest in trusts 15 June approaches.
The UK’s Financial Services Authority has increased the Annual Funding Requirement of UK regulated firms by 11% from last year’s figure to £559.8m, representing a 3.2% reduction from its earlier proposal of £578.4m in February.
Pension planning considerations for US-linked clients was how a seminar held today in London was billed. But it might as well have been entitled be sure to consult an expert if your US-linked client wants advice on his UK pension.
Singapores financial regulator and Central Bank has issued a consultation paper with proposals for increasing the protection of investors using unlisted margined derivatives.
As Singapore IFAs face the prospect of the regulator raising the bar on the level of qualifications they hold, a survey from Defaqto reveals that just under half of UK advisers, 47%, are aiming to go even higher than the minimum new RDR threshold required by the Financial Services Authority.
Accounting and tax specialist Baker Tillys Sue Moore has called into question whether guidance published by HM Revenue & Customs can be trusted by individuals arranging their tax affairs.
Representatives from non-US financial institutions have called on the US to postpone implementation of FATCA, the package of regulations aimed at cracking down on tax evasion by US citizens who make use of non-US bank accounts and other financial instruments.
Four of HM Revenue & Customs top five civil servants are set to leave the organisation this summer, according to the Financial Times
The UKs Financial Services Authority has fined Swiss private bank Habib Bank AG Zurich more than half a million pounds and its money laundering reporting officer a further £17,500 for anti-money laundering control failings.
One of the founders of social networking website Facebook, has renounced his US citizenship, according to media reports, with many speculating the reason for doing so was financial.
