London is losing its edge over New York as the world’s leading financial
Research among the world’s top finance professionals by the
of London Corporation reveals that the collapse of Northern Rock and the
planned crackdown on non-domiciled residents are making the UK less attractive
to overseas residents.
London’s lead over New York had halved over the last six months, according to
The Global Financial Services Index. Offshore centres such as Jersey and
Guernsey had become more competitive, as had Shanghai, Dubai, Qatar and Bahrain.
A second survey by the City said the UK tax system had lost its
edge over other financial centres. The UK had become increasingly
unpredictable and uncertain, complex and unnecessarily aggressive in its
approach to taxpayers, it found.
Ireland, Switzerland, the Netherlands, Bermuda and Singapore were seen as
more attractive, while the UK tax regime was now seen as increasingly
unpredictable and uncertain.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy