UK Gov’t bans permanent non-dom status
The UK Government will abolish permanent non-dom status in a bid to raise £1.5bn in extra tax, chancellor George Osborne announced in today’s Summer Budget.
Regions
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Serial tax avoiders to be ‘named and shamed’, Osborne reveals
The UK’s chancellor of the exchequer has said serial users of tax avoidance schemes will be ‘named and shamed’ as he promised to introduce further measures to tackle evasion, avoidance and aggressive tax planning in his Summer Budget.
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China’s market plunge puts economy at risk
The ongoing fall in China’s stock market puts the country’s entire financial system and structural reform agenda at risk, according to Axa Investment Managers and Schroders.
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Barclays shares climb following CEO sacking
Barclays shares have climbed 3% following the sacking of chief executive Antony Jenkins.
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HMRC taskforce targets wealthy Northern Ireland tax evaders
HM Revenue & Customs has set up a new taskforce to tackle tax evasion by wealthy individuals in Northern Ireland.
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Advisory firm urges EU to introduce foreign investor levy
International financial advisory firm, Arton Capital, has called on governments within the European Union to introduce a levy on foreign investors as part of their residence and citizenship programs.
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Spain and Taxation: Busting the Myths
There are estimated to be one million Britons living in Spain, with UK expatriates making up the largest group of European foreign nationals. Many Britons arrive with certain misconceptions around the tax and financial make-up of the country.
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Experts point non-doms to offshore bonds ahead of Budget
As chancellor allegedly George Osborne prepares to crack down on non-doms in Wednesday’s budget, experts have recommended offshore bonds as an alternative to those facing an increasing amount to protect their foreign earnings from UK tax.
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FCA releases final rules to improve banking standards
The Financial Conduct Authority (FCA) has published a final set of rules designed to improve individual accountability and raise standards across the City of London.
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BMO rebrand paves way for global distribution
The major rebranding of BMO’s Europe, Middle East and Africa asset management business, and its recent acquisition of F&C Asset Management, is set to pave the way for new global initiatives as the business looks to push into different markets around the world.
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ANALYSIS: Fiddling allocations while Greece burns
At most there are three things that can be said with any certainty about the ongoing Greek crisis.
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OECD backs Guernsey in fight against tax haven status
The OECD has backed Guernsey in its fight against tax haven status, describing the crown dependency’s inclusion on the European Commission’s list of top 30 non-compliant tax jurisdictions as “very surprising”.