The UK seeks legislative freedom by withdrawing from DAC6’s disclosure provisions Following Brexit, the UK government has decided not to proceed with the implementation of the EU’s Council Directive (EU) 2018/822 (DAC6), which involves mandatory disclosure of cross-border tax planning schemes. With the new free trade agreement signed by the UK with the EU, both...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

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