Owen Smith pledges to introduce wealth tax

ICAEW: Labour leadership candidate Owen Smith has pledged to create a new wealth tax on the richest 1% in Britain, in a bid to fund the NHS and tackle inequality.

Full story: http://economia.icaew.com/news/july-2016/labours-owen-smith-pledges-to-introduce-wealth-tax

Private equity platform HgCapital acquires Blick Rothenberg

Accountancy Age: Accountancy firm Blick Rothenberg has been acquired by private equity platform HgCapital. Under the deal, Blick Rothernberg will sit within HgCapital’s Services sector but will retain its name and way of doing business.

Full story: https://www.accountancyage.com/2016/07/26/private-equity-platform-hgcapital-aquires-blick-rothenberg/

Nearly 40 per cent of non-doms are considering leaving UK, according to top accountancy firm

CityAM: Top ten accountancy firm Moore Stephens has found that 37 per cent of non-doms are considering leaving, with 64 per cent citing changes to their tax status as a reason for considering such a move.

Full story: http://www.cityam.com/246054/nearly-40-per-cent-non-doms-considering-leaving-uk

New inheritance tax 'penalises 28,000 for dying early'

Daily Telegraph: Nearly 30,000 families paying inheritance tax in the two years from April 2015 should be compensated because the Government has taken too long to implement changes, campaigners have said.

Full story: http://www.telegraph.co.uk/news/2016/07/26/new-inheritance-tax-penalises-28000-for-dying-early/

Mishcon Private appoints new Partner

Mischon: Mishcon de Reya has today announced the appointment of Private Client Partner, Martin Davies, who joins from Clyde & Co where he was a Partner for six years. Martin joins the firm on 18 July 2016.

Full story: http://www.mishcon.com/news/firm_news/mishcon_private_appoints_new_partner_07_2016

Int’l IFA group urges UK government to delay non-dom reform

International Adviser: Boston Multi Family Office (BMFO), an Isle of Man-based tax advisory firm with offices in Malta and Dubai, has called on the incoming chancellor Philip Hammond to delay tax reforms governing non-UK domiciles.

Full story: http://www.international-adviser.com/news/1030487/int-ifa-urges-uk-government-delay-dom-reform

Wealthy Face A Stealth Death Tax To Pay For Probate

iExpats: Executors of wealthy estates may have to hand over thousands of pounds in probate fees following a review of charges by the Ministry of Justice.

Full story: http://www.iexpats.com/wealthy-face-stealth-death-tax-pay-probate/

Call for UK citizens to pay tax on their global income to HMRC

Expat Forum: UK citizens should pay taxes to the British taxman on their global income regardless of where they live in the world which would make the system simpler, according to a new report.

Full story: http://www.expatforum.com/united-kingdom/call-for-uk-citizens-to-pay-tax-on-their-global-income-to-hmrc.html

KPMG appoints "head of Brexit" following EU exit vote

ICAEW: KPMG has appointed Karen Briggs to the newly-created role of "head of Brexit" following the result of the EU referendum in the UK.

Full story: http://economia.icaew.com/news/july-2016/kpmg-appoints-head-of-brexit

Firm promotions: Thomson Snell & Passmore

Law Society Gazette: Leading south-east law firm Thomson Snell & Passmore has announced 13 significant promotions, as it enters its new financial year.  These promotions include two equity partners, one partner, eight senior associates and two associates across key practice groups. These promotions highlight Thomson Snell & Passmore’s continued commitment to organic growth and further strengthen the firm’s capabilities of supporting businesses and individuals through the generations.

Full story: http://www.lawgazette.co.uk/people/movers/firm-promotions-thomson-snell-and-passmore/5056431.article

France looks to attract British expats using tax breaks

International Adviser: France’s prime minister, Manual Valls, has vowed to make its tax regime for British expatriates the most favourable in Europe as Paris looks to lure talent away from London’s financial services industry following last month's Brexit vote.

Full story: http://www.international-adviser.com/news/1030286/france-looks-attract-british-expats-tax-breaks

Conservative leadership candidates quizzed over personal tax

Accountancy Live: The five candidates who are standing in the Conservative party leadership election are coming under pressure to publish their tax returns as part of a move to ensure greater transparency over the financial affairs of the MP who goes on to become prime minister.

Full story: https://www.cchdaily.co.uk/conservative-leadership-candidates-quizzed-over-personal-tax

PwC loses out to EY as most attractive professional services employer

ICAEW: PwC has lost its top spot as the most attractive professional services business to work for in the world, employer branding consultants Universum have revealed.

Full story: http://economia.icaew.com/news/june-2016/pwc-loses-out-to-ey-as-most-attractive-professional-services-employer

George Osborne is trying to turn post-Brexit Britain into a tax haven - and it won't benefit anyone except the elite

The Independent: The UK is finally catching up with its Overseas Territories and Crown Dependencies by inching ever closer to becoming a fully-fledged tax haven. And that’s without any of the sunshine to ease the pain.  Despite ongoing concern over corporate tax avoidance, George Osborne has announced that he plans to slash corporation tax from 20 to 15 per cent. The aim of the measure is to signal to multinational corporations that in spite of the uncertainty over Brexit, the UK is “open for business”. The new rate, if implemented, would give the UK the lowest corporation tax of any major economy.

Full story: http://www.independent.co.uk/voices/george-osborne-is-trying-to-turn-post-brexit-britain-into-a-tax-haven-and-it-wont-benefit-anyone-a7119211.html