Wire
FT: EU may introduce country-by-country reporting as soon as summer
At a summit on Wednesday, EU leaders ditched longstanding reservations about more intrusive reporting rules and broadly backed a shake-up that could see a law passed as soon as this summer
Hauser & Wirth take on Paul Schimmel for Los Angeles gallery
Over the course of the past three decades, Paul Schimmel has become known as one of the most influential curators of his generation
STEP: Switzerland introducing law to confiscate dictators' funds
The proposed law's principal targets are secret bank deposits operated by 'foreign dictators and potentates,’ says the Swiss Federal Council
NYT: JP Morgan fined £3m for wealth management failings
The Financial Conduct Authority said that unit’s senior management had failed to provide clients adequate advice and carried out poor recording-keeping related to individuals’ investments from January 2010 to February 2012
The Woolwich Attack Must Not be Used as an Excuse to Restrict Civil Liberties
The right response to such a brutal attack is often the most difficult one
Breaking: Withers, Speechly Bircham abandon merger
'A merger would not be in the best interests of both firms and have agreed not to pursue this further'
Harry Potter raises £150,000 in auction of first editions annotated by authors
First Editions, Second Thoughts raised a combined total of £439,200 in support of English PEN, the writers’ charity which campaigns for freedom of expression
STEP: Earl's children challenge his will
Antony Lambton died in 2006, leaving his entire estate to his only son Edward, known as Ned
Times: Some French households pay more than 100% tax
The revelation, in the financial daily Les Echos, will fuel claims that President Hollande has stifled the economy through his soak-the-rich agenda
Israeli billionaires grow 89%
By the end of 2012 there were 1,437 multi-millionaires (UHNWIs) in Israel, with an average wealth of US$109 million per person
Unbillable Hours
Our specialists solve your HNW problems (gratis!)
Q
In this new anti-tax-avoidance era, when so many tax reliefs have been withdrawn, I've heard that investing in a Business Property Renovation Allowance scheme is one of the few remaining good opportunities for maxing your tax position. Is it true that you can get up to 100 per cent tax relief on the amount invested? And what exactly are these schemes? How do they work? What are the upsides? Downsides?
A
In this climate, it is a relief to see one potentially attractive tax allowance come through unscathed from recent criticism
Spear's Wire
- FT: EU may introduce country-by-country reporting as soon as summer
- Hauser & Wirth take on Paul Schimmel for Los Angeles gallery
- STEP: Switzerland introducing law to confiscate dictators' funds
- NYT: JP Morgan fined £3m for wealth management failings
- The Woolwich Attack Must Not be Used as an Excuse to Restrict Civil Liberties
