Osborne set to raise 40p tax threshold

CityWire: Chancellor George Osborne is set to bring forward plans to increase the threshold at which workers begin paying the 40p tax rate in the first Tory-only Budget for almost 20 years later today.

Full story: http://citywire.co.uk/new-model-adviser/news/osborne-set-to-raise-40p-tax-threshold/a825224?ref=new-model-adviser-latest-news-list

Jeb Bush releases 33 years of personal tax returns

Accountancy Live: US presidential hopeful Jeb Bush has released 33 years of personal tax returns into the public domain as part of a bid to encourage greater transparency about the tax affairs of public figures, in a move which will increase the pressure on UK politicians to review their own decisions about disclosing how much tax they pay.

Full story: https://www.accountancylive.com/jeb-bush-releases-33-years-personal-tax-returns

Swiss bank Julius Baer could settle US fine to put probe of assisting tax evasion aside

STEP: Zürich-based bank, Julius Baer, has set aside USD350 million to cover penalties likely to be imposed on the bank by the US Department of Justice (DoJ) for allegedly helping American clients evade tax.

Full story: http://www.step.org/news/swiss-bank-julius-baer-could-settle-us-fine-put-probe-assisting-tax-evasion-aside

Mills & Reeve significantly expands private client team in Birmingham

Mills & Reeve: Four members of SGH Martineau’s private client team have transferred to our Birmingham office. The move significantly strengthens Mills & Reeve’s existing private client team in Birmingham and increases the number of private client lawyers to 46 in total across the firm’s six offices

Full story: http://www.mills-reeve.com/mills--reeve-significantly-expands-private-client-team-in-birmingham-06-18-20151/

Lloyds expands expat service for non-doms in UK

International Adviser: Lloyds Bank has announced an expansion of its London Expat Service to tap to the growing number of high net worth individuals moving into the UK.

Full story: http://www.international-adviser.com/news/1023355/lloyds-expands-expat-service-doms-uk

Osborne faces growing calls to cut top tax rate

CityWire: Up to 160 Tory MPs want the top rate of income tax cut to 40p in next month’s Budget as chancellor George Osborne faces mounting pressure to make the move.

Full story: http://citywire.co.uk/new-model-adviser/news/osborne-faces-growing-calls-to-cut-top-tax-rate/a823393?ref=new-model-adviser-latest-news-list