UAE trust law creates ‘hugely important tool’ for wealth sector
Investors ‘have a new structure in which to hold their assets efficiently and with full legal recognition’
Pinsent Masons
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How will foreign ownership rules impact the UAE advice market?
It is ‘illogical to expect an economy committed to change to ignore our space’
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Relief as UK advisers exempt from EU cross-border tax reports
But likely equal measure of frustration for firms that had to work towards adopting the directive
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Action against criminals by HMRC offshore unit jumps 40%
It has collected £1.8bn in extra tax since it was launched in the wake of the Panama Papers scandal
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UAE Central Bank to merge with Insurance Authority
‘Surprise turn’ as the country looks to raise ‘the efficiency and competitiveness’ in the industry
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HMRC collects £120m through ‘plea bargain’ tax evader deals
Law firm expects investigations to rise to pay for cost of coronavirus-related economic assistance
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UAE financial regulators to merge
Should address ‘current gaps and ambiguities’ to provide more certainty for investors
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HMRC collects extra £540m from lap dancers and dog breeders
Specialist task forces recoup record sum as UK tax receipts plummet by over 40% in April
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UAE advisers split on game changing regulation
With one-in-10 chief executives considering their exit strategy
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HMRC creates secret unit to go after wealthy families
As it cracks down on inheritance tax avoidance through the creation of private companies
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How will merger of UAE regulators affect advice sector?
Firms ‘would no doubt have to change or replace their current licences which would come at a cost’
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HMRC targets firms that facilitate tax evasion
It has nine businesses in its sights, as it deploys new powers for the first time