US

The Chancellor has launched a £5bn tax raid on Britons keeping money in Swiss bank accounts, who he has labelled as bad as benefits cheats.

The United States Internal Revenue Service (IRS) has released, in the form of Revenue Ruling 2011-19, the long awaited confirmation that the £30,000 remittance basis charge will be allowable as a credit for US income tax purposes, says Baker Tilly.

Sue Elliott looks at recent developments in long-term care and asks what happens now.

Former Guns N' Roses bassist Duff McKagan has launched a financial advice firm to serve his fellow rockers.

Cayman Island-based life settlements fund offers IFAs enhanced allocation and extra commission options.

Warren Buffett has revealed he has exploited recent sell-offs to buy up cheap stocks.

The trustee liquidating Bernard Madoff's former firm has won an appeals court ruling backing his method of working out which investors can recover money lost in the Ponzi scheme.

The second edition of over-the-counter brings news and views on who is doing what in the ETF market.

US exchange-traded products (ETPs) lost US$72.5 billion of assets under management (AUM) after the S&P 500 had its largest drop since November 2008, says Deutsche Bank ETF Market Weekly Review.

The ETF market in the US is still gathering new customers as both retail and institutional investors become increasingly aware of the benefits they offer.