In the mix: heavier fines, judgement error, blacklist tweaks

A certain irony pervaded recent regulatory news. Just as HM Revenue & Customs fired a warning shot that threatened heavier fines for tax evaders with overseas assets, the next chair of the UK’s Financial Conduct Authority admitted an error in judgement in using a tax-avoidance film scheme promoted by Ingenious.

In the mix: heavier fines, judgement error, blacklist tweaks

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And with the heavily criticised EU tax-haven blacklist set to lose three more names, and proposed pension freedom rules in the Isle of Man attracting the ire of the chair of the jurisdiction’s association of pension scheme providers for “a critical lack of transparency”, there is an unsatisfactory flavour to the way some rules are playing out in the wider world.

Click here to get more on the latest regulatory round-up analysis in International Adviser’s digital edition.

 

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