Growth and consolidation evident as familiar faces return for Private Client Practitioner's Top 25 Financial Planning Companies 18/06/2013
In a move to reflect the post RDR financial planning sector, Private Client Practitioner has renamed its annual Top 25 IFAs as the Top 25 Financial Planning Companies. As the industry has reacted to the regulatory changes brought about through RDR, a number of the larger and familiar names on the list have cemented their positions as they look to expand their offering across the UK and as a consequence 2013 has seen a period of growth in the industry as the larger firms consolidate their positions at the top of the financial advice market.
European Commission to extend information sharing 17/06/2013
The European Commission has proposed extending the automatic exchange of information between EU tax administrations.
UK publishes FATCA guidance 17/06/2013
HMRC has produced the first set of guidance notes by a government, which has entered into an IGA with the US.
Swiss upper house agrees US deal - report 14/06/2013
Reuters has reported that Switzerland’s upper house has voted to allow banks to sidestep strict secrecy laws to end the threat of criminal charges helping wealthy Americans evade tax.
'Messi' tax affair lands footballer in hot water 14/06/2013
Argentine football star Lionel Messi has denied allegations of wrongdoing after being accused of defrauding the Spanish authorities of over $5 million in tax.
London's Southbank plays host to pressure group's 'tax haven' on eve of G8 meeting 14/06/2013
The Isle of Shady, a pop-up tax haven on London’s South Bank, has been set up by ‘Enough Food IF’ campaigners today (14/06/2013) as they call for tax justice on the eve of the Open for Growth: Tax, Trade and Transparency event (15 June) and G8 summit (17-18 June).
Bermuda and BVI split over signing UK Territories tax deal before G8 13/06/2013
Whilst the premier and minister of finance of the British Virgin Islands, Dr. D. Orlando Smith, has accepted the invitation to attend two meetings in London on 15 June hosted by Prime Minister David Cameron ,Bermuda's premier, Craig Canonnier, is not ready to sign the international transparency convention that Britain's prime minister had planned to achieve ahead of the G8 summit in Northern Ireland next week.
French authorities investigate Swiss bank over tax evasion allegations 13/06/2013
French authorities have expanded an investigation into whether UBS aided French citizens in setting up secret accounts abroad.
Tribunal blocks £9 million tax avoidance scheme 12/06/2013
The UK tax tribunal has blocked a £9 million tax avoidance scheme that avoided tax through employee benefit trusts.
Malta changes expat incentive scheme 12/06/2013
The Maltese Government has changed the terms of the incentive scheme offered to high net worth individuals (HNWIs) seeking to obtain a residence permit.