Japan plays third fiddle to China and US
Japan has fallen behind China as the world’s second largest economy following a Q4 GDP contraction.
Regions
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London & Capital launches US tax-compliant portfolios
L&C has launched a range of tax compliant managed portfolios for US clients living outside the US.
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Experts say latest us tax amnesty tough
Tax experts are describing the latest US tax amnesty programme as tough and ungenerous.
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IRS unveils amnesty scheme for offshore accounts
The IRS has unveiled a new amnesty scheme to encourage US taxpayers to declare their offshore assets
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Fairbairn’s Overseas Pension in international sales drive
The Overseas Pension has appointed an international sales manager.
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Advice costs to soar under RDR, says Ernst & Young
The cost of providing financial advice is going to soar under the RDR, particularly for banks said..
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£30,000 fee blamed for non-doms leaving UK
Some 16,000 non-doms left the UK in 2008-09, with a £30,000 fee levied on them cited as the cause.
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HSBC launches Latin American Equity Fund into Hong Kong
HSBC Global Asset Management has launched its Latin American Equity Fund into the Hong Kong market.
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Some but not all depositor compensation scheme protection levels to rise in New Year
The amount of depositors’ protection available in UK and European banks is increasing on 1 Jan.
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China joins rush to create new services-based cities with low tax zone in Shenzhen
China has unveiled plans to encourage Hong Kong service sector companies to move to Qiahai, China.
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Claims UK flexible drawdown regime could ‘kill’ QROPS are denied
Claims that the QROPS market has been dealt a severe blow by UK pension reforms have been rejected
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A Christmas Quiz
Here’s a little quiz for you courtesy of Prudentials tax expert Gerry Brown.