This year in financial markets has been all about potential “landings” for various economies. Will they be “soft” or “hard”, meaning either a shallow or deeper recession? Or might there be no landing at all, with growth remaining in positive territory? Eight months into the[...]
Married couples and those in civil partnerships have access to a number of tax advantages. This includes passing assets between themselves during their lifetimes without tax charge, inheriting assets from their spouse free of tax and the potential to reduce income tax through[...]
Expanding into the US can be a complex process, and it is important to ensure that transactions between a UK entity and its US affiliate are priced in accordance with transfer pricing (TP) principles.
[...]This article provides an overview of the UK tax system as it relates to resident and non-domiciled individuals looking to relocate to the UK. Dmitry Zapol, international tax advisor at IFS Consultants, explains the basis of determining UK tax residence, the remittance basis[...]
It has been a manic few weeks for me; busy work schedule aside, I have been lucky enough to recently squeeze in a hiking trip to Hawaii, a wonderful safari in Kenya – only to come back to win ‘Best Children Lawyer in the[...]
The IBSA had an exceptionally enjoyable meeting in Cyprus on the topic of personal migration and corporate re-domiciliation, kindly sponsored by Investec and hosted by Elias Neocleous & Co LLC. We had over 50 in[...]
The panel of international speakers discuss trusts and foundations for entrepreneurs and their family offices, and their acceptability by UK, US and other tax administrations, as well as exploring the[...]
The BVI and the Cayman Islands have long been recognised as two of the world's leading offshore financial centres. Both jurisdictions offer a wide range of investment products and services, including open-ended and close-ended funds, to meet the diverse needs of investors[...]
The Retained EU Law Bill, if and when it becomes law, will significantly change the UK’s legal landscape, allowing ministers to easily replace or remove “retained EU law” that has remained on the statute book since Brexit. The Bill has proved very controversial, with a number[...]
After over a decade of calls for reform to corporate criminal liability, on 11 April 2023 the Government finally announced its intention to create a new "failure to prevent fraud" offence. Under the proposed legislation, organisations can be prosecuted where an employee or[...]