12/29/2022
Top 5 Tax Strategies Used By Millionaires
One key strategy millionaires deploy when using this method is doing so in a way that ensures the original business and the management company have different fiscal year ends.
Legal,Regulation,Tax & Compliance
12/27/2022
Leonteq reaches settlement in previously disclosed legacy litigation matter and provides business update
In the second half of 2022 to date, Leonteq continued to register reduced client demand on the back of an overall challenging market environment but recorded stable monthly net fee income over the same period.
12/23/2022
UBS settles US lawsuit with ex-employees
The major Swiss bank UBS recently took several ex-employees to court in the USA.
12/22/2022
The prestige mandate of the federal government is definitely in new hands
As the fund company Responsability confirmed on request, it will take over the management of the portfolio of the Swiss Investment Fund for Emerging Markets (Sifem) from next March.
12/22/2022
Van Lanschot Kempen and Mercier Vanderlinden to take next step in collaboration by accelerating acquisition of remaining stake
Joint assets under management (AuM) for Mercier Vanderlinden and Van Lanschot Belgium amounted to €9.6 billion by the end of November.
12/19/2022
Switzerland presses for ‘open finance’ in banking industry
The Federal Council wants regulators to compel companies to share data, bringing a philosophy of ‘open finance’ to Switzerland for the first time.
12/16/2022
Rich Norwegians flee to low-tax Switzerland as wealth levy bites
Business leaders voice concerns over taxes imposed by centre-left government in Oslo
12/16/2022
Central bank trio hikes rates as hawks and doves jostle for position
After simultaneous 50 basis point rate rises in the US, Europe and the UK, we look at the different outlooks and circumstances the respective central banks face.
12/16/2022
Bailey the ‘Grinch’: Five reactions to the BoE rate hike
Wealth and asset management pundits gave mixed reactions as the Bank of England raised interest rates to 3.5% on Thursday.
12/15/2022
Labuan FSA Awarded The Brandlaureate e-Branding Bestbrands Award For FinTech Islamic Financial Services
The Labuan Islamic Digital Asset Centre or IDAC was unveiled in October 2022
12/15/2022
UK FCA Action Against Firms Relating to Arrangements with Third Party Intermediaries – Lessons Learned
The finding, in particular, that JBIL failed to act with integrity stands out, with there being very few cases where the FCA has considered that there has been a breach of Principle 1 of its Principles for Businesses.
12/12/2022
Fidelity International Receives Operating License in China
Through its wholly foreign-owned enterprise FIL Fund Management, Fidelity will be able to offer onshore investment products and solutions to retail clients and asset management services to institutional clients in China.
12/12/2022
Collecting the right tax from wealthy individuals
Information about how HMRC deals with wealthy individuals to help them comply with their tax obligations, and to challenge those who don’t play by the rules.
12/12/2022
Credit Suisse accepted suspicious invoices for $140mn Greensill loan
Companies listed on bills tell the FT they did not do the stated business
12/12/2022
Collas Crill Awarded 'Best Legal Team' At The 2022 Wealthbriefing Channel Islands Awards
The award reflects our relentless focus on delivering the very best service, advice and solutions for our clients. A very heartfelt thanks and a huge congratulations to our teams in Jersey and Guernsey.'
12/09/2022
Credit Suisse Can Pursue Softbank Suit in London
The lawsuit is likely to involve claims of around $440 million, which the Greensill company is asserting against US construction firm Katerra.
12/09/2022
New European VAT rules set to increase online travel booking costs
The EU’s new drive to close the gap on undeclared and unpaid VAT on services from short-term accommodation letting to passenger transport mean that many will be liable to either pay VAT for the first time or to pay more VAT than is currently applied
12/05/2022
Bank accounts and FX services via EDB
Are your bank accounts compliant with regulation and from an EU authorised credit institution?
12/05/2022
New Scots wealth tax on rich proposed to support public services
The report demonstrates how £1.3 billion of reforms could be in place as early as April 2023 to help fund public services and pay.
12/02/2022
PIMFA welcomes FCA proposals for a simplified advice regime
These proposals provide consumers with a first step on the ladder towards accumulating wealth in an efficient manner and should build broader individual confidence in the saving and investment market and the financial advice profession more broadly.