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Latest UK & International Investment and Savings News



Swiss banks getting tougher with clients they suspect of tax evasion, it is claimed

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News - Tax
Written by Ray Clancy   
Thursday, 06 May 2010 12:00

Swiss banks are getting tougher with European clients they suspect of dodging home country taxes, a move that could mark the beginning of the end of its tax secrecy image.
 

Off set mortgages could help 50% taxpayers mitigate poor savings returns, experts claim

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News - Tax
Written by Ray Clancy   
Thursday, 08 April 2010 08:11
Taxpayers who fall into the 50% bracket should look to offset mortgages to mitigate negative returns on their savings as there are no accounts in the UK giving a positive return after inflation, it is claimed.
 

High earners could use onshore and offshore bonds to alleviate new UK tax hikes, according to experts

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News - Tax
Written by Ray Clancy   
Thursday, 01 April 2010 08:28
Onshore and offshore investment bonds could provide an opportunity for high earners set to be hit by changes to the UK income tax regime this month, it is claimed.
 

Jersey and Guernsey consider joint Brussels office to boost their tax negotiation clout

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News - Tax
Written by Ray Clancy   
Tuesday, 30 March 2010 08:21
The Channel Islands  are discussing the possibility of opening an office in Brussels, to be funded on a joint basis, to increase the representation of the islands to the European community.
 

UK budget extends clampdown on offshore tax evaders but Liechtenstein Disclosure Facility offers cheaper get out

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News - Tax
Written by Ray Clancy   
Thursday, 25 March 2010 10:08
UK chancellor Alistair Darling is extending the government clampdown on tax evasion with penalties of up to 200% of the tax due for individuals caught squirreling away money offshore.
 

Billions wasted because Brits don’t sort out inheritance tax, survey shows

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News - Tax
Written by Ray Clancy   
Thursday, 29 April 2010 10:00
Britons are wasting £2 billion in inheritance tax yet 86% admit to doing nothing about it, according to new research.
 

Mass exodus fails to materialise as new UK tax rules come into force

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News - Tax
Written by Ray Clancy   
Tuesday, 06 April 2010 08:16
With new income taxes coming into force today (April 06) in the UK the predicted mass exodus of companies and high earners does not seem to have materialised.
 

Low tax campaign group urge softer approach for those who fall foul of offshore rules out of ignorance

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News - Tax
Written by Ray Clancy   
Wednesday, 31 March 2010 08:57
Crackdowns on off shore tax evasions can unfairly punish those who get things wrong out of ignorance and a more tolerant approach would be welcomed, it is claimed.
 

Swiss officials to draw up new rules for foreign clients with undeclared tax

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News - Tax
Written by Ray Clancy   
Monday, 29 March 2010 08:28
Switzerland’s financial regulator is to draw up rules setting out the conditions under which banks can manage funds of foreign clients that have not been declared for tax.
 

Budget announcement paves way for UK domiciled funds to compete on level with offshore funds

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News - Tax
Written by Ray Clancy   
Thursday, 25 March 2010 10:06
UK domiciled funds will be able to compete on a level playing field with offshore funds under an ammendement to the Schedule 19 Stamp Duty Reserve tax regime announced in yesterday's budget.
 
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