The Isle of Man, Jersey and Guernsey have been praised by the UK government for their response to tighter regulations imposed by the Edwards Report and other rules. Improved regulation and policing in the tax havens have been attributed for putting them in the top division for offshore financial centres worldwide. A joint statement from Home Office minister Lord Bassam and Treasury economic secretary Melanie Johnson said that continuing improvements had helped the tax havens improve. The programme of reforms emerged from the Isle of Man, and the island is looking to improve regulation by reforming internal domestic legislation and local practises. The comments have come with tax havens facing pressure from bodies such as the Organisation for Economic Co-operation and the United Nations over money laundering and the exchange of information between tax authorities.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel