aop
ad

Foreign banks wary of tax changes in UK

by Nicholas Neveling

14 Jan 2008

The Association of Foreign Banks has warned the UK that it is running the risk of making the country a less attractive home for banks because of recent tax policies.

AFB managing director John Treadwell said the government needed to be careful about sending out messages that suggested London was 'not a friendly place for foreign banks'.

'The government is in danger of going down this route with its recent announcements on, for example, offshore accounts, proposed taxation changes for non-domiciled residents, changes to residency rules and the new work permit system,' Treadwell told the FT.

Further reading:

Find out more about the Association of Foreign Banks

Taxman targets 100,000 more offshore dodgers

Visitor comments Add your comment

display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Digg
  • Tweet

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

Supplier Statement Reconciliations cover

Supplier statement reconciliations: Manual chore or critical value adding process?

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.

7 Building Blocks cover

7 building blocks for business growth

Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities