Brazil unveils changes to tax rules
Trusts included for the first time
Baker & Mckenzie
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Spain to increase income and wealth tax
‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’
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Seven financial services firms recognised for LGBT+ work
Two regulators and several law firms in the UK also made the Stonewall list
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Netherlands ponders partially public beneficial owners register
A separate legislative proposal will be introduced to include trusts and mutual funds
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mifid advice definition requirement
A requirement within MiFID II to isolate purely execution-only transactions from those on which advice has been given, has been raised as a point of concern by a former member of the European Commission Securities Markets Experts Group.
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Taiwan criminalises distribution and sale of offshore life policies
Taiwan has amended its regulations to end the sale of unapproved life insurance products there.
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A Liechtenstein disclosure: Bulk of LDF assets can stay put
UK taxpayers are finding they don’t need to move assets to Liechtenstein to make an LDF declaration