News
Financial centres slam Paradise Papers backlash
The UK’s crown dependencies and overseas territories have hit back at international media scrutiny and allegations that they facilitate tax avoidance and evasion following the leak of the Paradise Papers.
Thai capital adequacy reforms welcomed by advisers
Moves by Thailand’s regulator the Securities and Exchange Commission to boost capital requirements have been welcomed by expat advisers.
Prosecutions unlikely following Paradise Papers leak
Recent legislative changes to prevent the facilitation of tax evasion are not retroactive, so it is unlikely that there will be any prosecutions in the UK arising from the cyber attack on Bermuda-headquartered law firm Appleby, a partner at law firm Corker Binning has said.
How are advisers using ETFs and index mutual funds?
This was the question posed by KPMG researchers for Blackrock who asked 130 UK financial advisers, wealth managers and private bankers responsible for £4.5 trillion of client assets.
Best Practice | news 6 Nov 17
EU tax haven blacklist talks brought forward
A European Union blacklist of tax havens will move a step closer to reality on Tuesday when the member states’ finance ministers meet to discuss plans to tackle offshore tax avoidance.