EU tax evasion and money laundering rules come into force
The EU’s long anticipated tax cooperation directive (2011/16) has come into full effect.
Regions
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HMRC reveals top 10 tax fraud cases of 2017
In its ongoing fight against tax evasion, HM Revenue & Customs has revealed its top ten tax fraud and organised crime cases of 2017. The list includes people with offshore accounts, a would-be spy, millionaires, accountants and data thieves. All cases came with large prison sentences.
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Brexit to benefit Britain says Hambro chairman
The chairman of a £2.5bn wealth manager believes Britain will benefit from abandoning the European Union and it has a stronger hand in Brexit negotiations than many realise.
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UAE advisers taking cautious approach to VAT
Financial advisory firms operating in the UAE say while they still have questions about how the government’s new Value Added Tax (VAT) impacts the financial sector, it is better to be safe than sorry and assume it applicable to the services they provide.
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2017 leaders and laggards
China equity funds lead, while natural resources and hedge funds underperform in our sister website Fund Selector Asia’s year-end ranking of the best and worst performing funds available to Hong Kong and Singapore investors.
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Asia and smaller companies bear fruit in 2017
Funds exposed to Asia and smaller companies produced the best returns for investors in 2017, according to Shore Financial.
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Nigel Green’s investor advice for 2018
Inflation rates rising, the Chinese economy slowing and the US pushing back against free trade agreements are all real possibilities investors must “carefully monitor” in 2018, according to deVere Group chief executive Nigel Green.
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Axa to sell Swiss Privilege life insurance business
Axa has entered into an agreement with Jeneration Holdings to sell its Swiss Privilege franchise in Hong Kong, Axa Wealth Management (HK).
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Federation of European IFAs hits 50 firms
The Federation of European IFAs has grown its membership to 50 with the recent acquisition of three new firms.
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Five views on how UAE advisers must tackle industry transition
How ready are financial advisers for the wave of new rules expected to be firmed up and introduced by regulators in the UAE during 2018 and beyond?
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UAE predicts $3.3bn boost in first year of VAT
Saudi Arabia and the United Arab Emirates introduced a Value Added Tax (VAT) levy for the first time on 1 January, which is expected to produce an income of $3.3 billion for the UAE government in just one year.
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Swiss advisers on life after Fatca
Five years after the US introduced stringent regulations that required foreign financial institutions to report the assets of US-domiciled clients, Swiss IFAs tell International Adviser the move has created greater specialisation across the industry and is still having an impact.