A look at the top stories on eprivateclient this week…
Monday
Ahead of the UK General Election on 12 December, the Conservative Party released its manifesto which industry experts described as “fairly light on announcements to tax” with the Tories pledging a “Triple Tax Lock,” meaning there will be no increases to income tax, National Insurance and VAT
The Hong Kong Court of Final Appeal (CFA) has upheld that trustees are protected by anti-Bartlett clauses, meaning they have no overriding duty to supervise the management of an underlying company
In the second speech from the eprivateclient Annual Law Dinner held in London this month, James Badcock of PwC explained how the Big Four accountancy firm has positioned itself to offer private clients legal advice
Withers’ partner Christopher Groves recommended that clients take certain actions ahead of the vote on 12 December which could see Labour’s Jeremy Corbyn bring in sweeping tax changes aimed at the wealthy
Moore Kingston Smith partner Guy Sterling examines why in the lead up to the General Election, there have been renewed attempts to scrap Entrepreneurs’ Relief which allows business owners to pay a reduced 10 percent rate of capital gains tax on up to £10 million of qualifying lifetime gains
Guernsey’s tax authorities have published updated guidance on economic substance regulations. Having been placed on the EU's whitelist at the earliest opportunity in the process in March 2019, the island is seeking to reinforce its image as compliant
Global fiduciary services provider Intertrust Group has appointed Michael Moncarz as managing director, operations for Asia-Pacific . In this newly-created role, Mr Moncarz will oversee Intertrust’s Asia-Pacific operations and build a regional platform by supporting the company’s business development initiatives. His appointment follows the opening of the firm’s office in Shenzhen
Global financial services provider, PraxisIFM Group, has reported an increase in revenue of 57 percent. The firm said that, as in 2018, this was "achieved through a combination of acquisitions (50 percent) and the remainder organic growth"
Jersey-based private wealth, corporate and yacht services provider Fiduchi has made four promotions. Within the private wealth team Hui Zhao has been promoted to private client manager. Having joined Fiduchi in February 2019, she has experience with complex structures
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