July 24, 2014
Following the Chairman of the Senate Finance Committee, Roy Wyden’s comments earlier this week, in which he spoke of his opposition to U.S. businesses moving their headquarters to other countries with lower taxation, it’s my opinion that unless the corporation tax in the States is reduced, more and more companies will follow suit.
Corporation tax rates in the U.S. are broadly viewed in the business world as anti-business and uncompetitive. Many American
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July 21, 2014
New QROPS Rules
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The Government today announced the changes as a result of their consultation regarding pensions.
From April 2015 transfers from DB pensions to DC pensions will need to be accompanied by UK FCA licensed advisers advice. This is good news as it will only increase the quality of advice given by advisers. Schemes that are substantially underfunded will have the right to refuse transfers. This could include Police pensions and NHS pensions as these schemes are we believe substantially unfunded. Schemes have the right to apply the new rules before April if they wish
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July 15, 2014
As a company deVere Group have now launched 252 Quartley Income Notes and all have paid all potential coupons.
Obviously these products aren't right for everybody but for the right client they allow allowing investors to receive a good level of income without taking but I believe to be excessive risk.
When investing my own money I use a range of notes as well as well structured investment funds.
As a company deVere Group have now launched 252 Quartley Income Notes and all
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July 11, 2014
Gary Barlow’s participation in tax avoidance schemes is again making headlines, along with other figureheads of the music industry, such as George Michael, Katie Melua and the Arctic Monkeys.
They were all allegedly involved in the Liberty scheme, which allows members to purchase the rights to shares in offshore subsidiary companies. Despite having done nothing illegal, HMRC is reportedly demanding they return the ‘avoided’ monies to the taxman, ahead of a tribunal
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July 1, 2014
Imperialistic FATCA is here – and it’s a dark day for U.S. expats and firms operating globally
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Today, July 1 2014, is a dark day for the 7 million Americans living overseas and for U.S. firms that operate globally.
Under FATCA, all non-U.S financial institutions are required to report the financial information of American clients who have accounts holding more than $50,000 directly to the IRS.
It is claimed by its proponents that this new tax act is designed to catch tax evaders who illegally shelter money offshore. This is a noble aim. But FATCA
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