UK prime minister David Cameron set out a raft of new initiatives at today’s anti-corruption summit to tackle corruption which he described as the “cancer at the heart of so many of the world’s problems”.
The British prime minister David Cameron has announced a new law which makes companies criminally liable for employees who aid tax evasion as he defended his own tax affairs from mounting criticism following the ‘Panama Papers’ leak.
The Isle of Man and Jersey have formally committed to provide beneficial ownership information to law enforcement and tax authorities in the UK, with Guernsey set to follow suit after its upcoming general election.
HM Revenue & Customs and the UK’s National Crime Agency will work with investigators, compliance specialists, the Serious Fraud Office and the Financial Conduct Authority (FCA) to deal with the fallout of the Panama Papers.
The political fallout of the leaked Panama Papers surged ahead as Iceland’s prime minister became the first global government casualty and David Cameron found himself under intense scrutiny.
Yanis Varoufakis would find it hard to resist voting for Brexit if he were British, he said at a Pan-European Congress hosted by International Adviser’s sister publication Expert Investor in Rome last Friday. However, his wish is not going to materialise, congress delegates believe.
George Osborne is facing pressure from David Cameron to hold back the pace of pension reform in his forthcoming 16 March budget.
The UK prime minister has pledged to expose offshore organisations which use Britain as a “place to stash dirty cash” during a speech in Singapore.
UK prime minister David Cameron has raised the prospect of increasing the nil rate band for inheritance tax in the government’s final Budget before the next general election, which has been welcomed by international life industry tax experts.
Over a third of people in the UK aged over 65 are failing to plan their inheritance because they feel care costs will leave them with nothing to pass on.
The UK and Ireland levy the highest rates of inheritance tax in the world, with rates many times higher than the global average, according to a recent study.
Financial experts reacted positively to David Camerons proposed reform to the inheritance tax (IHT) threshold but doubted the reality of its implementation.
