Expat football mogul case shows limits of HMRC power
A football entrepreneur and Dubai resident, who rejected HM Revenue & Customs demands for information, has won a court case against the UK taxman.
Middle East
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UAE regulator details new financial promoters licence
The Securities and Commodities Authority (SCA) in the UAE has released long-awaited details of its new Financial Promoters licence, boosting hopes that the permits for financial advisers and banks will soon be issued.
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A 1% pa income model for the UAE beckons – Nigel Green
One of the key industry figures in the region, the Middle East’s head for deVere Acuma Nigel Green has told International Adviser that “everybody is moving in the direction of a 1% per annum type model”.
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UAE exploring more taxes
The UAE Government is considering introducing further taxes in addition to value-added tax but has confirmed that a levy on income will not be up for discussion.
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Implications of blacklisting for UAE
UAE officials should not be overly concerned about the jurisdiction’s inclusion in the European Union’s tax haven blacklist, despite pledging to get it removed, an international tax expert has said.
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Mike Coady to depart Guardian Wealth Management
Guardian’s chief commercial officer Mike Coady will be officially leaving the company in January 2018, the firm has announced.
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UAE questions US omission from tax haven blacklist
Dubai wealth managers have questioned why countries like the US and Switzerland have been left off the EU tax haven blacklist but the UAE has been included.
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EU grey list must not let tax havens ‘off the hook’
Oxfam has warned that the EU grey list of non-cooperative jurisdictions for tax purposes should not be treated as a way of letting tax havens “off the hook”, as those named try to get to grips with the implications of their inclusion.
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Nigel Green on retaining staff after high profile departures
DeVere Group founder and chief executive Nigel Green admits it has been a challenging year in the UAE and part of his strategy going forward is to boost morale with a new emphasis on retaining staff and clients in the final of a three-part interview with International Adviser.
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EU blacklist comes up short on sanctions
The EU has blacklisted 17 jurisdictions, including South Korea and the United Arab Emirates, and put 47 others on notice including Jersey and the Cayman Islands, but it has not said what sanctions or penalties those shamed will face.
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Nigel Green on the shift away from high upfront commissions
DeVere Group founder and chief executive Nigel Green is not anticipating a reduction in the amount his advisers earn despite the move away from upfront commissions in many parts of the world, he said in the second of a three-part interview with International Adviser.
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Nigel Green reveals plan to target a different type of adviser
DeVere Group founder and chief executive Nigel Green is looking to recruit a different type of adviser, he said in the first of a three-part interview with International Adviser.