Managers of Wealth

‘The Magic Money Tree:’ From Modern Monetary Theory to Modern Tax Theory

In its crudest form, a central bank can use special papers, inks and a printer, to create money.

UK tax reform must be condition of EU post-Brexit trade accord, say MEPS

MEPs say that the EU must make reform of the tax system in the UK a “condition” of any post-Brexit trade agreement with Britain.

One third of UK billionaires have moved to tax havens

Super-rich continue to fund political parties despite law banning the practice

Russian money laundering machine shifted millions through the Netherlands

The scheme was discovered in a collection of 1.3 million banking transactions and other documents obtained by OCCRP and the Lithuanian news site 15min.lt, which stem from the two Lithuanian banks.

US-based network buys Australian ultra-high-net-worth firm with Clarendon’s help

The shareholders have built a market-leading wealth management business and this transaction provides them with an opportunity to partially sell down their interest in the business and partner with a world leader in the financial management space,”

Go After Suspicious Transactions, Not Just Banks

An investigation alleges that financial institutions in the Nordic countries and the Baltics were used for a hard-to-detect form of money laundering.

Superyachts and private schools: Britain's dirty money problem

The Guardian’s Juliette Garside has been investigating the network and where the money ended up.

Guardia di Finanza Approaches Swiss Banks

The letter contains a deadline, by which the answer should be forthcoming

Hong Kong: UBS and Citigroup Top Contributors in Fines

SFC has confirmed that it intends to prosecute 60 individuals and companies in 2019

Saracens probed by rival club: Firm hired by Premiership team to investigate offshore accounts due to lack of confidence in governing body

Investigation comes after Sportsmail's revelations about the club's dealings

Banking leak exposes Russian network with link to Prince Charles

Exclusive: investigation reveals how Troika Dialog channelled $4.6bn to Europe and US

Duties of Directors of Jersey Companies

This may be supplemented by provisions in the company’s articles of association preventing an interested director from voting or being counted in the quorum at the relevant board meetings considering the transaction.

Guernsey welcomes deferral of the Financial Services (Implementation of Legislation) Bill

The States of Guernsey and the island’s financial services industry welcomed the late withdrawal of the Bill

Spain and UK reach deal to curb tax evasion in Gibraltar

The agreement sets out stricter rules to determine the fiscal residency of individuals and businesses

Politics enters the global battle against money laundering

Policy has become vulnerable to interference and manipulation

The end of the tax year is nigh! Don’t miss out on tax saving opportunities. An interview with James Temperley, Wealth Director, Sanlam

It’s worth getting your check-list ready now to make sure you’ve ticked everything off before April sneaks up on us

Legal,Regulation,Tax & Compliance