Investment | 28 Apr 17
US growth drops to weakest in three years
US real GDP increased at an annual rate of 0.7% in the first quarter, the slowest pace since the first quarter of 2014.
North America | 28 Apr 17
Five things you need to know about Trump’s tax plan
This week, US president Donald Trump unveiled what he called “the biggest tax cuts in history”. Here’s a look at some of the initial proposals to slash inheritance tax, top income brackets and tax for large corporations.
Tax & Regulation | 28 Apr 17
Pension trustees banned over £16m Fiji tree plantation scam
The Pensions Regulator (TPR) in the UK has banned the trustees of a scheme that lost more than £15m ($19.3m, €17.7m) of member’s money after investing in overseas ventures that “bore the hallmarks of a scam”, including leases on a plantation in Fiji.
People Moves | 28 Apr 17
PEOPLE MOVES: Pictet, Intertrust Jersey, Nucleus
Pictet Asset Management makes two new hires, bolstering its Hong Kong multi-asset team and its UK distribution business while Intertrust Jersey announces a round of promotions. Nucleus appoints a technology stalwart to its board of directors as Sandaire poaches an ex-Tilney man.
SA unveils new wealth tax to address ‘rampant inequality’
A committee set up to review South Africa’s tax system has revealed plans to introduce a new wealth tax as the country struggles to deal with extreme income inequality coupled with a dwindling tax base.