Rebates reconsidered following tax ruling
Standard Life and Skandia may change their rebate models following the announcement by HMRC on Monday that platform rebates will be subject to income tax.
Standard Life and Skandia may change their rebate models following the announcement by HMRC on Monday that platform rebates will be subject to income tax.
Financial Transactions Tax (FTT) will cost investors a minimum of 13bn annually at current transaction levels and could force asset managers to relocate outside of the FTT zone, warns the European Fund and Asset Management Association (EFAMA).
As FATCA-watchers around the world keep checking their smartphones for final guidance on the incoming US legislation, some experts are doubtful the US Treasury will stick to its recently-stated vow to try and make things easier for foreign financial institutions.
EIS specialist Calculus Capital is to launch its first fund since the Chancellor announced a cut in investment restrictions on the vehicles.
A UK/Swiss agreement has been signed which will allow HMRC to tax assets of British residents held in Swiss financial institutions.
HMRC reveals plans to overhaul the current regime used to encourage fraudsters to declare unpaid tax
Fund managers and promoters alike are unprepared for the impact of FATCA legislation, says KPMG.
Santander chairman Emilio Botín and 11 members of his family face a tax investigation, reports say.
Experts are warning that a new US tax law could prompt investors to dispose of their US holdings.