Cayman Islands will abolish secrecy legislation & extend BO information exchange

The Cayman Islands Government visited London with plans to establish deals with various jurisdictions, similar to the agreement it has with the UK regarding the exchange of Beneficial Ownership (BO) information and to ultimately abolish the countries notorious secrecy laws.

Beneficial Ownership information exchange scheme incites international support

UK Chancellor George Osborne has announced that over 20 countries have signed up to a new pilot scheme for exchanging information held on beneficial ownership registers, as well as trust registers.

Are UK Law firms charging too much for general probate?

Findings from a report carried out by the Legal Services Board (LSB) has calculated the approximate prices being charged by UK law firms for services such as appostilation, probate applications, will writing and estate administration.

Announcement to cut Capital Gains Tax comes as welcome relief to investors

The UK has been holding Budget meetings this week to discuss the national deficit and other fiscal matters. Chancellor of the Exchequer Mr George Osborne announced government plans to abolish Class 2 National Insurance Contributions from 2018.

New lifetime ISA saving account may be more popular than the current UK pension scheme

The new UK Budget’s agenda has been released and with it, new plans to introduce the 'Lifetime' Individual Savings Account (commonly referred to as ISA, however the new type of account will be known as LISA), a tax-free savings account available in the UK for a longer period of time.

Most taxpayers in the UK are unaware of imminent changes to the tax system

The HMRC have made changes to the taxation of savings and dividends included in the Draft Finance Bill for 2016, which have been criticised by the House of Lords for being overly complicated and confusing, and have been badly communicated to the public.

Caribbean Community countries should set a high precident regarding financial secrecy

Sir Ronald Sanders, Antigua and Barbuda's Ambassador to the US, suggests unity among the Caribbean Community countries (Caricom) which have often been “unfairly” criticised for their financial secrecy reporting procedures.