hmrc introduces contract for serious tax fraud
HM Revenue & Customs has overhauled the way it deals with investigations into the most serious cases of tax fraud.
Tax & Regulation
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us seen bowing to pressure on fatca
Bowing to pressure from foreign governments, financial institutions and expatriate Americans around the world, the US is seen to be planning to make significant changes to its unpopular FATCA reporting requirements, which are due to take effect in 2013.
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three jailed for E22m swiss bank fraud
Three British men have been jailed for defrauding Swiss private bank EFG of 22m.
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guernsey pension association responds to hmrc
The association representing Guernsey pension providers on Wednesday submitted its response to a package of changes HM Revenue & Customs has proposed to make to the legislation governing QROPS, taking issue as expected on an element of the plan known as Condition 4.
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new irish finance rules not yet balanced enough
The Irish Fiscal Advisory Council has today published its recommendations for new fiscal rules aimed at ensuring that Ireland avoids the type of imbalances that have been a feature in recent years and caused it to seek a bail out from the International Monetary Fund.
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payments not bungs redknapp insisted
Harry Redknapp, manager of the Tottenham Hotspurs football team, repeatedly denied that two payments at issue in his offshore tax evasion case were bungs, a London jury was told on Tuesday.
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harry redknapp dogs name for account
Harry Redknapp, manager of the Tottenham Hotspurs football team, used his dogs name and the year of his birth to identify a secret bank account he opened in Monaco to hide bungs he received, a London court was told yesterday on the opening day of his trial into alleged tax evasion.
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ima calls for clearer guidelines
The IMA has called the FSA’s guidelines on legacy commission post-RDR “unclear and incomplete” and warned they could result in increased costs for investors.
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iom warns on irish nationwide website
The Isle of Mans Financial Supervision Commission has issued a warning regarding a website which claims to represent The Irish Nationwide Bank.
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taxpayers should not fear a gaar say experts
UK taxpayers taking measures to legitimately reduce their tax bill should not fear proposals to introduce a General Anti Avoidance Rule, say leading tax experts.
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tardy ifa reprimanded in singapore
The Singapore regulator has reprimanded Frontier Wealth Management for the repeated late submission of documents after the end of its financial year.
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irs reopens offshore tax amnesty scheme
The Internal Revenue Service said it has “reopened” its offshore voluntary disclosure programme (OVDP) in what it said was an effort “to help people hiding offshore accounts get current with their taxes”.