65pc hike in Americans seeking financial advice

From 1st January 2013, under FATCA, the United States will require all of its citizens to report their worldwide earnings to the Internal Revenue Service, regardless of where they live, how long they have lived there, or whether any money is owed.


Adviser wins £260k VAT appeal against HMRC

Bloomsbury Wealth Management has won an appeal to have almost £260,000 in VAT repaid after a tax tribunal ruled the firm was providing services that were exempt from VAT.


Deutsche Bank internal Libor clears board

A Deutsche Bank internal investigation into Libor has found that two former traders may have been involved in colluding to manipulate the rates but said there was no indication of failure at the top of the organisation, Reuters reported.


Lord Green attended private dinner party with HSBC

The Senate inquiry found that HSBC accepted more than $15bn in cash between 2006 and 2009 from Mexico, Russia and other countries at high risk of money-laundering but failed properly to monitor transactions.


UK Unveils New Plans To Tackle Tax Avoidance

Tax avoidance has become a hot topic in the UK recently, with the government keen to be seen as cracking down on the practice. Last month, a number of high profile celebrities were revealed as having participated in legal schemes including the 'K2&am