The Swedish ISK (Investeringssparkonto) investment savings account regime is becoming an increasingly important route to fund distribution, according to net investment returns analysed by the country’s largest online stock broker. Avanza has estimated that up to 2 million Swedes are now using an ISK account to improve returns from assets such as funds and direct […]
Research conducted by Yorkshire Building Society, a type of financial institution in the UK, has found that just 18% of surveyed financial advisers would invest or have already invested their own money into peer-to-peer lending schemes. Among the findings of the research include concerns about low levels of understanding about risk linked to p2p, which […]
The latest cut to the benchmark Swedish government borrowing rate should serve to create better returns for investors using the investment savings account (Investeringssparkonto) wrapper, according to the Swedish Investment Fund Association. The rate, which is a reference rate used for tax purposes, was cut to 0.9%. This means that the effective flat rate tax […]
The Italian government will start applying a 26% tax rate on financial gains from 1 July, as announced by PM Matteo Renzi at the beginning of his presidency.
Members of the Global Forum on Transparency and Exchange of Information for Tax Purposes took significant steps during a meeting in Jakarta, to implement a global call for greater international co-operation against tax evasion, the OECD reports.
The recent Salone del Risparmio involving Italian fund association Assogestioni took time to discuss the Ucits IV Directive, including issues such as passporting and master-feeder structures (in Italian).
The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has endorsed the standards adopted by Guernsey.
There has been a sharp rise in the volume of previously undeclared offshore assets repatriated to Sweden since the start of 2013, following the abolition of wealth tax.
Tatarstan is one of the most favourable regions for investment in Russia, with the ambition to become its “Silicon Valley”.
In echoes of fund managers fleeing London on news of tax hikes for the wealthy in 2010, French manager Carmignac Gestion has said some staff have requested to work with the group but outside France, as president Francois Hollande moves to boost taxes on its richest citizens.
A number of organisations analysing Fatca and developing IT, accounting or other solutions for affected financial organisations have pointed to both positives and negatives in the latest announcement by the US Internal Revenue Service that it is to delay implementation of the law.
The taxation of returns from non-domestic funds in the Danish market is a vexing challenge, but there are other opportunities developing, says Schroders local head of intermediary sales.