UAE ‘as competitive’ for international wealth as the US
The UAE is just as competitive in attracting international private clients as the United States but its position as a wealth centre is slipping, according to a ranking published by Deloitte.
Advance payments a ‘worrying erosion’ of taxpayer rights
Plans to give the UK tax man powers to demand advance payment if the revenue has “reason to believe” an offshore scheme is avoiding tax should be scrapped, according to a top tax lawyer.
News 15 Jan 18
EU eyes UK offshore financial centres in Brexit talks – report
The European Union will “go after” the UK crown dependencies and overseas territories which were left off its recent tax haven blacklist, according to a UK newspaper.
News 5 Jan 18
Trust company launches tax planning tool for expats
Sterling Trust has launched a specialist arm of the business, offering a variety of bespoke products to the international market place.
Offshore advisers fear new regulatory burden from HMRC
Offshore advisers have given a cautious thumbs-up to additional requirements to tell HM Revenue & Customs when they set up complex offshore schemes but have expressed concern that legitimate schemes could be targeted as well as abusive ones.
Offshore firms hit worst by increased compliance demands
Compliance requirements are a greater burden offshore, driving up client charges and forcing some firms to turn away business, research from Step has found.
Profile 17 Oct 16
Provisca targets ‘stable of great brands’ within five years
In the wake of launching Provisca, founders Bryan Low and Nigel Watson talk about the challenges facing the offshore market and how they cater to the financial services ‘trinity’ of product providers, IFAs and clients.