World Bank Publishes Policy Paper on Low Tax Jurisdictions and Preferential Regimes: Policy Gaps in Developing Economies   The World Bank has published a policy paper dated 12 March 2019 on Low Tax Jurisdictions and Preferential Regimes: Policy Gaps in Developing Economies. The paper reviews recent international initiatives and domestic policy developments aimed at helping...Read More

EU expands blacklist of ‘uncooperative’ countries The European Union has substantially expanded its blacklist of non-cooperative tax jurisdictions. The original list of five countries was published in December 2017, based on criteria of tax transparency and fairness developed by the EU’s Code of Conduct (Business Taxation) Group (CCG). Member States’ finance ministers this week approved...Read More

India leads global growth of UHNWIs: Knight Frank Asia’s billionaire population growth is set to outpace other regions between 2018 and 2023, according to the Knight Frank’s 13th edition of The Wealth Report. The survey said the global UHNWI population is forecast to rise by 22% over the next five years. In Asia, the number...Read More

The Home Office has announced reforms to the golden visas schemes for wealthy investors as the UK targets dirty money in the wake of the Skripal attack. Under reforms to the Tier 1 (Investor) scheme, applicants will be required to prove they have control of the £2m they are required to have for two years,...Read More

275 financial firms move $1.2trn from UK to EU in Brexit fallout Over 275 financial firms are moving a combined $1.2trn (£925bn) in assets and funds and thousands of staff from Britain to the European Union amid uncertainty over a “no-deal” Brexit, a report shows. The report by the New Financial think tank, one of...Read More