Wire
RBC advice on CGT
In advance of the emergency Budget on 22 June 2010, Louise Somerset, Tax Director from RBC Wealth Management, provides advice around how individuals can prepare for the proposed CGT rise. Please find her comments below.
Business angels show greater appetite for investing
Interviews with business angels at the London Investment Fair yesterday showed that the coming increase in capital gains tax is making them more likely to invest in early-stage businesses. It also showed that they believe they are doing the works banks refuse to in loaning money to young companies.
Kleinwort Benson on CGT
London 19th May 2010: The Capital Gains Tax (CGT) rate for ‘non-business’ assets - which include amongst other assets, collective investments, second properties and shares - is widely expected to be targeted in the Emergency Budget on 22nd June.
WBrief: City vacancies highest since 08
The City of London showed definitive signs of a recovery in the first quarter of this year, as ten out of 12 business indicators improved, with job vacancies and candidates reaching their highest level since 2008, according to International Financial Services London.
Indy: Lucerne tempting City exiles
A small city in Switzerland hopes to kickstart the long-predicted City exodus by sending over their top tax man to tempt UK companies and bankers with lucrative tax rates.
FT: London bankers earn much more than Swiss, even after 50p tax rate
Senior bankers in London are still typically earning twice as much after tax as those in Geneva and Zurich in spite of the new 50p tax rate, suggesting that fears of an exodus have been overdone, according to research published today.
Tel: Lord Myners calls for resistance to EU hedge fund rules
Former City Minister Lord Myners has called on George Osborne, the new Chancellor, to make "one last push" to get a final concession from fellow European finance ministers on a new directive for the private equity and hedge fund industry.
Reuters: UBS sued if no US-Switz treaty?
ZURICH, May 16 (Reuters) - UBS (UBSN.VX) (UBS)N> could face lawsuits in the United States if the Swiss parliament fails to agree to a deal passing data on the bank's U.S. clients to U.S. tax authorities, Switzerland's finance minister said.
WBrief: How to make a tax amnesty work
Countries which repeatedly use tax amnesties but which do not give wide publicity to these efforts stand far less chance of regaining revenues than states which use them rarely, according to the results of a survey by Datamonitor.
Treasury: Emergency Budget 22 June
The emergency Budget will be held on Tuesday 22 June, the Chancellor announced today.
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