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2108 articles found
Burnham urged to tax wealthy pensioners
Andy Burnham should raise taxes on wealthy pensioners to rescue the public finances, Labour’s favourite think tank has urged. The Institute for Public Policy Research (IPPR) called on the Prime Minister to introduce National Insurance on pensioners’ incomes to shield workers from further levies. Economists said in a new report that the policy, […]
New Chinese Mainland offshore trust tax regime: immediate implications for settlors, beneficiaries and trustees
On 24 July 2026, the PRC Ministry of Finance and State Taxation Administration issued sweeping new regulations governing the taxation of offshore trusts, which represent one of the most significant developments affecting Chinese Mainland-linked offshore wealth structures in recent years (the 'Announcement'). Rather than targeting a single aspect of trust planning, the Announcement creates […]
Ex-Deutsche Bank branch employee to stand trial for alleged embezzlement
A former Deutsche Bank employee was set to go on trial on Tuesday for allegedly embezzling hundreds of thousands of euros in customer funds as a banker at the lender's flagship branch. Deutsche Bank said it had discovered the case last year involving the theft of a six-digit euro amount. Less than 10 customers […]
UK launches home inspections to determine 'mansion tax' wealth surcharge
The tax authorities in the UK are to send inspectors to high-value properties to determine that owners pay a new wealth tax on its value. HMRC will deploy valuation agents with the ability to demand entry to assess whether homes are worth over £2 million ($2.6 million) and so come under the high-value council […]
Macfarlanes advises Canaccord Wealth on acquisition of EFG Harris Allday
Macfarlanes has advised wealth management firm Canaccord Wealth on the acquisition of the front office teams and client assets of EFG Harris Allday from EFG International. EFG Harris Allday is a UK wealth management firm primarily serving high-net-worth individuals across the Midlands region. The business currently sits within EFG Private Bank, itself a subsidiary […]
PIMFA raises concerns over FCA’s disclosures plan
PIMFA has raised concerns over the FCA’s Simplifying Consumer Investment Disclosures consultation. The regulator is seeking to make improvements to the rules around the disclosures required to sell investment products and services to retail investors. PIMFA said it is ‘supportive’ of the FCA’s objective of simplifying disclosures, but believes some of the proposals […]
New foreign work pass track, tax exemption perks to strengthen asset management in Singapore
Singapore is seeking to strengthen its position as a leading asset management hub with three new measures that would make the industry more attractive to fund managers and encourage them to anchor their business activities, capital allocation and talent deployment here. Announced by the Monetary Authority of Singapore (MAS) on Aug 19, the measures […]
How Tax Goddess Rebuilt the CPA Model for the Top 1%
Tax Goddess has secured over $2.35 billion in documented client tax savings since 2004, driving average client tax rates down to 6.92 percent. Tax Goddess replaced hourly billing with three flat-rate tiers, running from $10,000 to $350,000, so every client knows the full price before the work starts. Every tax plan is scored on the […]
The tax threat that is keeping millionaires up at night
Millionaires now see the government and higher taxes as the biggest threat to their wealth — ahead of inflation, market turmoil and even global political instability. Research among the most wealthy in Britain found that nearly half believed higher taxes posed the greatest risk to their fortunes, while more than a quarter pointed to […]
Wealth tax: options for taxing wealth and raising revenue
Footballers are not usually known for asking to pay more tax. Yet more than 100 millionaires, including Gary Lineker, wrote to the Prime Minister urging him to introduce a 2% annual wealth tax on assets worth over £10m. Backed by the Patriotic Millionaires campaign, the proposal aims to tackle inequality and fund public services. […]
Scottish high earners could save over £46,000 in income tax by living in England
Rathbones has warned that without reform of Scotland’s income tax regime, higher and more complex taxes will drive out high earners Higher rates of top income tax in Scotland are driving high earners to consider commuting to well paid jobs from England, according to Rathbones Group, the largest wealth management firm in both the UK […]