06/04/2018
Switzerland set to amend anti-money laundering law
The Swiss Federal Council has now initiated the consultation process for amendments to the country's anti-money laundering law.
Tax
06/04/2018
$12 trillion of ‘phantom investment’ disappears into corporate shells
Around $2.5 trillion of FDI flows around the world each year, and the OECD estimates there is a total outstanding stock of around $31 trillion of such investment.
06/04/2018
Scrapping inheritance tax won’t make divorce easier
Proposals consider being able to gift up to £125,000 per person as a lifetime gift without payment of tax.
06/01/2018
EU puts US on the clock for tax blacklist
If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.
06/01/2018
Beware: executors are liable for inheritance tax
When that person dies, you, as executor, will be expected to deal with their estate, making sure that their will – if they had one – is respected.
06/01/2018
Offshore tax measures behind UK evasion spike
HM Revenue and Customs identified a 20% jump in serious tax evasion cases in the past 12 months, according to data obtained by law firm Pinsent Masons.
05/29/2018
Retail millionaire to bankroll hunt for wealthy tax avoiders
For business, reputation is everything. And Britain doesn’t like tax avoiders.
05/25/2018
KPMG said to review its audits of Middle East PE firm Abraaj
The accounting firm’s U.K. branch is looking into its examination of Abraaj and its related companies for any potential irregularities in the valuation of assets by KPMG’s Middle East division, the people said, asking not to be identified beca
05/25/2018
HMRC unveils pension freedoms tax simplification move
The approach to taxation of pension freedom withdrawals is loaded in favour of HMRC.
05/25/2018
‘Monstrous’ offshore bond tax regime ripe for review
The way in which the gains on such policies interact with the tax system is complex, and the OTS believes that this area of savings taxation warrants further review.
05/23/2018
Perceptions of tax avoidance and evasion are out of step with reality
Businesses perceive tax avoidance to be more common than tax evasion, but that’s not what the evidence shows; so, are businesses just believing the increasing rhetoric from HMRC about avoidance? And will this impact views on the prevalence of evasio
05/23/2018
Investment hubs lead to higher tax income and growth in developing countries
Investment hubs are jurisdictions that facilitate the flow of international investments, thanks to their stable legal and political environment, a sound financial infrastructure, and a professional ecosystem.
05/22/2018
Saffery Champness Edinburgh Tax Team shortlisted in awards
Judging is conducted by an independent panel of experts, with additional research carried out by Edinburgh Napier University's Business School.
05/21/2018
CRACKDOWN: Offshore hell for Gib’s fiscal fraudsters
The free riding foreigners were said to be living in luxurious residences on the Costa del Sol but were registered on The Rock to avoid paying income and capital gains tax.
05/21/2018
Breaking Bad to the Paradise Papers: all you need to know about money laundering
The art of hiding money from the taxman is under threat from laws demanding greater transparency
05/18/2018
Germany: New taxation regime for investment fund income as of 2018
As of January 1, 2018, reforms to the German Investment Tax Act significantly change the taxation of investment fund income.
05/16/2018
HMRC’s handling of tax investigations under scrutiny by George Bull
It's an old question, but who investigates the investigators?
05/16/2018
HMRC appeals Hargreaves 'discount tax' ruling
Fate of millions of pounds set to be returned to investors will hinge on verdict, as taxman appeals ruling in favour of Hargreaves Lansdown.
05/15/2018
Real Madrid superstar Cristiano Ronaldo ‘wants club to pay £26.45m fine to tax office’ amid contract negotiations
Five-time Ballon d'Or-winner has reached a deal with tax authorities — but amount will be relevant to new salary in renewal
05/15/2018
Concern about extension of time limits on tax investigations
At the Autumn Budget 2017, the Government announced that the assessment time limit for cases of mistakes or non-deliberate offshore tax non-compliance will be increased