Italy unveils attractive tax regime for global wealthy
The land of ‘la dolce vita’ has unveiled an attractive tax proposition for high net worths looking to settle in Italy.
Tax & Technical
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Expats ‘considering bankruptcy’ in wake of repatriation tax
A US tax aimed at multi-nationals hoarding cash offshore is forcing clients to consider insolvency.
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IRS releases Trump ‘Apple tax’ guidance
US tax authorities have produced new question and answer guidance on repatriation tax which was part of Trump’s election pledge to clamp down on offshore tax avoidance.
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BBC could have avoided £170m in tax
A UK parliamentary select committee inquiry into pay at the BBC, a bungled system to push employees into freelance status, has revealed the perils of putting tax responsibility on individuals and the tax the BBC could have avoided.
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US Apple tax could snare expats, warns IFA
US expats need to make sure they are not liable for a Trump tax aimed at multinationals hoarding cash outside America, Brussels-based financial adviser Brian Dunhill has warned.
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OECD residency abuse crackdown is ‘madness’
In a bid to shut down a loophole in the common reporting standard, the OECD has opened a consultation on the abuse of residence by investment schemes, a move that has been met with scepticism from legal experts.
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Researchers launch IHT portfolio index
Portfolios targeting inheritance tax mitigation have a new benchmark.
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Simplified IHT rules could go live in 2019
The UK’s Office of Tax Simplification (OTS) will publish a report on the processes and complexities around inheritance tax (IHT) in autumn 2018, opening the door to the possibility that IHT could be simplified within the next two years.
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Surprise dip in tax from offshore-held property
HM Revenue & Customs has reported a surprise drop in the annual tax enveloped dwellings (ATED) take, which is payable mainly by companies that own UK residential property valued at £500,000 or above.
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European watchdog warns of investment fund ‘fire sales’
Mismatches between the liquidity of open-ended investment funds’ assets and their redemption profiles could lead to “fire sales” to meet redemption requests in times of market stress, the European Systemic Risk Board (ESRB) has warned.
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Rogue tax official arrests show CRS risks
The arrest of seven tax officials in Argentina accused of selling data has highlighted the risks of sharing tax information globally.
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Credit Suisse wealth manager jailed in Switzerland
A former Credit Suisse wealth manager has been handed a five-year jail term for a fraud worth tens of millions of Swiss francs.