Industry News

27 April 2017

US president Donald Trump is proposing to fundamentally change the US tax system to a territorial regime, in which only US-related profits are taxed.

27 April 2017

Professional advisors have been left in a state of confusion by the government's decision to withdraw its much-debated non-dom taxation reforms from the Finance (No.2) Bill 2017.

26 April 2017

El jefe de la Unidad de Información Financiera (UIF) de Argentina, Mariano Federici, ha anunciado que la entidad está investigando a 6.500 personas que participaron en la amnistía fiscal del país. La UIF sospecha que los activos que éstos declararon, pueden ser productos del delito. Federici asimismo confirmó que la UIF podría abrir más investigaciones.

26 April 2017

The head of Argentina’s Financial Information Unit (Sp: Unidad de Información Financiera, UIF), Mariano Federici, has announced that it is investigating 6,500 participants in the country’s tax amnesty, on the ground that it suspects that the assets they declared may be the proceeds of crime. Federici also confirmed that the UIF may open further investigations.

25 April 2017

The UK’s Chartered Institute of Taxation (CIOT) has reported that the majority of the provisions in the draft Finance Bill 2017, which was published on 20 March 2017, have been – probably temporarily – dropped, including plans to implement the controversial Making Tax Digital (MTD) project, changes to the rules regarding IHT for deemed domiciles and on overseas property held in overseas structures, and penalties for enablers of defeated tax avoidance schemes.

24 April 2017

Ontario has become the second Canadian province to introduce a 15 per cent tax on foreign investors in residential property. Part of an effort to cool Toronto's housing boom, the 'speculation tax' will apply to all non-residents, temporary residents, and non-resident companies, with immediate effect as of 21 April 2017. It is limited to properties in the so-called 'Greater Golden Horseshoe' area, where property prices rose 33 per cent in the twelve months to March 2017, according to the Toronto Real Estate Board.

24 April 2017

An extended civil restraint order made against Rupert Jolyon St John Webster two years ago has been renewed for a further two years, in order to deter Webster's repeated litigation against other members of his family over an estate dispute.

21 April 2017

Yesterday (20 April 2017), we reported that the Non-Contentious Probate Fees Order 2017, designed to give effect to the highly unpopular probate fee increases, had been rushed through the House of Commons on 19 April 2017.

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