Why Warm Climates Tend to Create Poor Economies

A new report by Bank of America finds that older and younger generations have very different ideas about the value of stocks and bonds versus alternative investment classes like art.

A new A.I. assistant named Debrief is expected to save valuable hours for thousands of Morgan Stanley employees.

The UK government has introduced a new Bill which aims to end the status of retained EU law from the end of 2023, and enable the government to amend, repeal and replace retained EU law via secondary legislation.

HMRC has made several important updates to its trust registration service manual including adding new sections on penalties, data requests and discrepancy reporting. ICAEW’s Tax Faculty highlights the key changes.

HMRC has updated its guidance on tax treatment of tips, gratuities, service charges and troncs to include details on how to handle electronic payments.

HM Revenue and Customs is reforming late-filing and payment penalties to make them fairer and more consistent across taxes. The first stage of these reforms was set to come into effect early this year. However, on January 13, 2022, HMRC postponed the effective dates by nine months to one year.

More than two million people missed a self-assessment tax return deadline, but still have a month to file before they are hit with a penalty.

With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget.

Businesses registered under Seychelles' Companies Act of 1972 have to register persons classified as beneficial owners through a portal set up on the website of the Financial Intelligence Unit (FIU), a top official said on Wednesday.

Others that will also need to register are Partnerships registered under the Civil Code of Seychelles Act and associations registered under…