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Baker Tilly sells last of RSM Tenon

Recently, Baker Tilly sold its private client financial advice, as well as its investment management business, to financial planning firm Towry.

State Street's securities finance revenue soars

In February, the bank extended its 13-year relationship with Lufthansa German Airlines Group (Deutsche Lufthansa AG) for an additional five years, to include transition management, collateral management and FX spot execution services.

BVI publishes draft FATCA Guidance Notes

In the latest moves towards implementation of the FATCA Intergovernmental agreements (IGAs) signed by the BVI with the US and the UK, the BVI Government has released draft Guidance Notes for public consultation.

George Osborne to cut 'penal' death tax on pensions

Hundreds of thousands of pensioners will be able to leave more of their money to their children under government plans to cut “penal” death taxes.

Coutts warned clients on film scheme HMRC tax challenge

Coutts has warned its clients about a possible HMRC Revenue & Customs tax probe into film investment schemes

Standard for Automatic Exchange of Financial Information in Tax Matters

New single global standard for the automatic exchange of information between key authorities worldwide

Cyprus: New Decision On Wording Of Cyprus-India Double Tax Agreement

In a recent case concerning the application of the double tax agreement between Cyprus and India, the Indian Income Tax Appellate Tribunal confirmed that the wording of the agreement concerning taxing rights in relation to international shipping activitie

Inversions are here to stay in ‘tax haven’ UK by George Bull

Tax inversions are back in the press this week, with no less than two US companies planning to swallow up their British rivals and take advantage of the UK ‘tax haven’.

BEPS – Risks and opportunities for the Financial Services sector

Fundamental changes to the international tax environment are set to provide both challenges and opportunities to businesses in the financial services sector.

RBS chief: 'Good chance' of taxpayer making money back

Ross McEwan says in radio interview that the 'good bank' he is creating will see high investor demand when Government sells its stake

HMRC nets £1bn extra tax from high net worths

This approach is clearly working as HMRC’s high net worth unit has delivered £1 billion in compliance yield

UK FATCA and Cayman Funds by Maples & Calder

The UK IGA provides a framework for the implementation in the Cayman Islands of a UK tax residents reporting regime ("UK FATCA") which is similar in scope to the US Foreign Account Tax Compliance Act ("US FATCA").

Luxembourg passes bilateral tax pact with Taiwan

Luxembourg’s parliament approved an agreement July 9 with Taiwan to avoid double taxation and prevent fiscal evasion.

New decision on wording of Cyprus-India double tax agreement

Cyprus company Glendive Enterprises Limited entered into an agreement with Arabian Resources FZC to provide a ship to transport bauxite ore

Inheritance tax and illiquid assets by Karen Clark, Baker Tilly

There has been much press commentary in recent weeks about the iniquitous effect inheritance tax (IHT) has on property, particularly in London and the South East where the value of an “average” property can easily exceed the nil rate band (or

Baker Tilly move signals strong push for growth in city economy

They are only a few hundred yards from the firm's old base in Wollaton Street.

Seneca Partners launches IHT scheme

Seneca has advanced £10m to businesses already and expects to have a loan book of £20m by the year’s end

India-UK commit to jointly deal with tax evasion menace

UK and India remain committed to the Base Erosion and Profit Shifting project

Offshore tax dealings: celebrities and sportsmen in leaked Jersey files

In another major blow to international personal tax evasion, the names of over 20,000 wealthy offshore clients of a private bank in the Jersey island tax haven, have been leaked to the International Consortium of Investigative Journalists.

HMRC could access bank statements to collect unpaid tax

HMRC predicts the new measures would only affect about 17,000 individuals each year