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Beneficial Owner – No Hiding Place

Beneficial Owner Identification- G20. It has been confirmed that heightened Global Co-operation has been agreed at the G20 meeting in Brisbane to crackdown on Tax Avoidance and allow governments to collect more taxes. One area that has received attention is Beneficial Ownership regarding companies and Trusts, and it is now necessary that information is made […]

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Russian Ruble Crisis Boosts property sales

The weak ruble is transforming the way Russian save and spend their money, with many turning to property, cars, and jewelry instead of seeing their money depreciate in the bank. The ruble has lost about 45 percent of its value against the dollar this year, which leaves savers with slashed deposits. Some are simply taking […]

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Money Creation Debate in the UK

Money Creation Next week a historic event will occur in the UK, a debate about ‘Money Creation and Society’ has been tabled in the British Parliament. This will be the first time since 1844 that Parliament will debate money creation. It is taking place on Thursday 20th November. The biggest worry for the UK is that an alarmingly high […]

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Compliance or Stupidity?

Compliance is important, but we don’t need the stupidity that goes with it. The big issue is the prevention of crime, but so many companies compliance departments seem to measure their efficiency based upon the amount of transactions they delay. I say delay because I believe that in most cases that is all that happens, […]

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Are They Sure About Wealth Tax?

Wealth Tax Too many governments have made a complete mess of their countries finances and they seem to be getting away with it. The UK and the USA merrily go on increasing their debt whilst trying to give the impression that everything looks rosy for the future. However, the facts are that you cannot keep […]

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Russian Tax Law Approved

Russian Tax Law (Reuters) – Russia’s government has approved a new tax law to clamp down on Russian companies and individuals using offshore tax shelters. The law is part of a range of measures initiated by President Vladimir Putin, and collectively known as “deoffshorisation”, which are aimed at bringing Russian businesses and money home from […]

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Negative Interest – Would You Accept This ?

Since Mid Year when the European Central Bank cut interest rates to below zero we have had no less than 7 countries in the euro zone  show a negative yield on Government bonds. This month sees European banks following suit and Deutsche Skatbank got the ball rolling with negative interest rates. Customers with over €500,000 […]

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Bank Leverage Ratio Increased

The BoE’s Financial Policy Committee said the bigger UK banks should hold capital equal to 4.05 % of their assets. In simple terms that means the banks that are now required to hold 3 pence for every pound they lend out will need to raise that to 4.05 pence, but they have 5 years to do […]

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Tax Evasion Net Closes In

​ More than 50 nations signed a new international standard for the automatic exchange of information today with the aim of reducing the global facilitation of tax evasion. The Multilateral Competent Authority Agreement commits its 51 members to the exchange of non-resident financial account information with tax authorities in an account holders’ country of residence. […]

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Money Laundering and the UK System

Front companies in the UK are at the heart of an investigation into one of Europe’s biggest money-laundering operations, allegedly forming part of a conspiracy to make $20bn (£12.5bn) of dirty money look legitimate. The funds are believed to have come from major criminals and corrupt officials around the world wanting to make their ill-gotten […]

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