tax jurisdiction
As the Distance Marketing Directive (DMD) looms near, with European Union nations required to adopt the rules by October 2004, the financial services industry will face tougher terms before they can secure business with clients residing overseas. For financial advisers based in the EU, whose services also fall under the remit of the directive, the headache will reside with the cooling off period that consumers will be entitled to before committing to a contract, and consumers' right to cancel. The Financial Services Authority in the UK has just released a consultation document tackling...
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