Ireland dubbed tax ‘black hole’ by EU commissioner
Ireland, along with several other EU countries, have been called tax policy ‘black holes’ by the EU commissioner, but he dismissed claims for their inclusion on the EU tax haven blacklist.
Make America indebted again
On the one-year anniversary of president Donald Trump’s inauguration, his administration is more divided than ever with growing murmurs of a government shutdown. One thing the president seems to have unwavering support on is his tax bill, but with treasury yields rising should investors be more concerned?
HMRC reveals bizarre tax return excuses of 2017
Spilt coffee, a wife who sees aliens and vertigo were just some of the excuses HM Revenue & Customs (HMRC) received in 2017 from people who failed to file their tax returns. Click through the slides to see some of the other intriguing excuses and some of the wildly optimistic expense claims the organisation received.
News 18 Jan 18
FCA blasts ‘sleepwalking into another scandal’ accusations
The chief executive of the Financial Conduct Authority has wholly rejected a report from the Work & Pensions Select Committee that said the UK watchdog of “sleepwalking into another mis-selling scandal”.
Will inflation remain absent?
During almost a decade of experimental monetary policy from central banks, inflation has been notable by its absence across most economies. With monetary policy beginning to diverge and unemployment falling, will it rear its head again or has it peaked?
News 18 Jan 18
DeVere expands into Latin America, opens Mexico City outpost
DeVere Group is to open an office in Mexico City, headed up by an ex-Guardian Wealth man, its first step in an ambitious plan to expand throughout Latin America.
‘Hitman’ using Facebook data in offshore Bitcoin scam
Jersey’s regulator and financial crime unit have warned of email threats to send hitmen to people’s homes unless they make a substantial payment in Bitcoins.