Seven US states sue regulator over client transparency policy
They argue that retail clients are still exposed to potential harm
Tax & Technical
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Majority of Brits baffled by IHT allowances
They believe they will inherit over £200,000 more than they will actually get
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US rolls out tax relief for those who gave up citizenship
So-called Accidetial Americans stand to benefit as the IRS confirms who is eligible to apply
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Maltese financial services firms face potential fee hike
As regulator looks to reduce its dependence on government funding
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US adviser jailed for investment fraud and tax evasion
He scammed his own family and used a Cayman company to hide money
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Is it the end of Swiss secrecy?
Recent court case between France and UBS could jeopardise the country’s famous privacy laws
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US expats may see accounts frozen under Fatca
If they don’t give their tax identification number to the IRS by December
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Isle of Man regulator eyes extended powers
Changes in legislation to boost effectiveness of oversight and protect island’s reputation
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Aussie regulator eyes restriction on CFDs sale to retail clients
And is looking to ban binary options for the same group of investors
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Hope for HNWIs caught up in double tax disputes
EU changes ‘will be warmly welcomed by high net worth individuals’
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HMRC refunds record £47m in overpaid pension tax
It processed over 17,000 reclaims in just three months
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UK taxman collects £13bn in cash from investigations
But industry questions how much of it is ‘real yield’