US citizens with federal tax debt of more than $50,000 (£39,973, €46,830) may have their passports revoked by the State Department, a move that could have a greater impact on Americans living overseas.
Donald Trump is to sign a directive halting the implementation of the Department of Labor’s fiduciary rule, which requires financial advisers of retirement products to act in the best interests of their clients.
A vocal critic of the US Department of Labor’s (DoL) fiduciary rule, Anthony Scaramucci, will no longer be appointed to a role in Donald Trump’s White House due to an ethics conflict.
The US Securities and Exchange Commission (SEC) has charged two New Yorkers with raising more than $81m (£64.5m, €75.7m) through a Ponzi scheme that promised high returns by buying and selling tickets to see high-demand shows, such as Broadway musical Hamilton.
A federal court in the US state of Montana has authorised the Internal Revenue Service (IRS) to serve a ‘John Doe’ summons in a bid to uncover details of US taxpayers who may hold offshore accounts established by a Panama firm to evade paying tax.
If Donald Trump makes good on his proposal to impose tariffs on all imports from Mexico to fund the construction of a wall on the country’s border with the US, this will have a profound impact on the US economy and on the profitability of some US companies. Are markets right to ignore this threat…
Despite concern about China’s vulnerability to Donald Trump’s brand of isolationism, there are good reasons to be optimistic about the country’s growth in 2017, says Ed Smith, asset allocation strategist at Rathbones.
US equity markets have yet to price in Donald Trump’s proposed corporate tax cuts, said Andrew Milligan, Standard Life Investments’ Edinburgh-based head of global strategy.
Donald Trump’s nominee for treasury secretary, Steven Mnuchin, failed to disclose nearly $100m (£81.3m, €94m) of his assets to the Senate Finance Committee and neglected to mention his role as a director of an investment fund located in the Cayman Islands.
The US Securities and Exchange Commission (SEC) has entered into a memorandum of understanding on cross-border cooperation with the Hong Kong Securities and Futures Commission (SFC).
America’s Internal Revenue Service (IRS) has shared details of more than 35,000 US accounts held by Israeli citizens with the Israel Tax Authority (ITA), according to local media.
The so called “Trump bump“, which sent the S&P 500 index of US shares to new highs at the end of last year, has caused many in the markets to become fearful of further gains, but Raymond James chief investment strategist Jeffrey Saut believes we may only be in the early stages of a bull…
