With the election done and dusted, predictably it is the banks that are the first under the spotlight. But should investors follow the Treasury’s example and use recent strength as an opportunity to sell down holdings.
Three products listed on the LSE offer investors exposure to the UK, US and Japan.
The US Treasury and Internal Revenue Service last night issued the final regulations detailing how the Foreign Account Tax Compliance Act is to be implemented, ending weeks of speculation.
The FSA has granted waivers to 18 advisory firms who have requested an extension to the implementation of RDR scheduled for 1 January 2013.
The UK Treasury has issued a consultation document to invite responses to its plans to reform two provisions of its anti-tax avoidance legislation, in response to notification by the European Commission last February that the provisions were incompatible with certain EU treaty freedoms.
The Treasury has announced details of plans to introduce a tax-transparent fund regime in the UK.
