Managers of Wealth

Global Forum publishes tax transparency compliance ratings for seven jurisdictions and welcomes three new members

The Global Forum also welcomed three new countries into its membership – Bosnia and Herzegovina, Cabo Verde and Swaziland.

IRS spent $380m but took ‘limited or no action’ on offshore tax dodges

As the International Consortium of Investigative Journalists and its partners have reported, the offshore financial services sector represents a major contributor to growing global inequality

The Opportunity of a Lifetime: The Bahamas as a Centre for International Commercial Arbitration

With its strategic location as the crossroads to the Americas, The Bahamas is well-positioned to become a favoured jurisdiction for international commercial arbitration.

Swiss Bank to Settle U.S. Tax Probe

The move means renewed momentum for a years-long tussle between Swiss banks and American officials which began with a criminal investigation into a first group of banks including UBS, Credit Suisse, Pictet and others.

Jersey's balanced approach to ICO activity

Hawksford’s existing policy on providing services to ICO issuers is very much focused on quality, and we welcome the emphasis placed on this within the guidance note from the JFSC.

Law Society signs Brewin Dolphin as wealth management partner

The new partnership, due to start in September 2018, will allow Brewin Dolphin to position itself exclusively as the Law Society of Scotland’s wealth management partner. T

Sextortion: beware the new form of cyber blackmail

Honey traps and blackmail are nothing new, but as technology gets more sophisticated

Offshore tax evasion: offences relating to offshore income

A conviction for any of these offences can lead to a custodial sentence for up to 6 months and, an unlimited fine in England and Wales, or a fine not exceeding £5,000 in Scotland and Northern Ireland.

50 high net worth individuals in tax net for buying Nirav Modi diamonds

I-T dept said that discrepancies of concealed cash payments were found, which in some cases may be in several lakhs.

1MDB: Swiss Private Banker Wins Back Passport

The move was part of a wider investigation into how banks in Singapore allegedly rinsed billions in 1MDB money.

BTG Founder Esteves Acquitted in Brazil Witness Tampering

In September, prosecutor Ivan Claudio Marx had recommended that the charges be dropped.

Old Mutual appoints Deloitte as joint auditor in a blow to KPMG

Old Mutual believes it is prudent to appoint a joint auditor

Worlds biggest corporate tax haven its no paradise island

They began their research by comparing the profits made within a country to the amount of corporate activity.

The use of UK holding companies in international group structures – tax considerations

Until quite recently, the UK was not always a good choice for the Holdco location due to potentially high UK tax charges on inbound dividends and on capital gains.

Nathalie Dauriac claims victory

Nathalie Dauriac became embroiled in a dispute with John Caudwell

Ex-Goldman Banker Succumbs in 1MDB Probe

The German native and Los Angeles resident was nabbed while leaving his home in Austria two months ago, the website reported.

DAC 6 to give teeth to BEPS in the EU

DAC 6 to give teeth to BEPS in the EU - New disclosure rules for advisers and clients on cross-border transactions

How a Sneaky Furniture Expert Ripped Off the Rich and Tricked Versailles

Bill G. B. Pallot wrote the book on 18th-century French furniture and passed his knowledge on to his student Charles Hooreman.

U.K. Behind on Laws to Target Hidden Offshore Wealth: Tax Agency

Banks, asset managers, and trusts all fall under the financial entities required to report with the CRS

Kenya, Switzerland sign pact to return stolen wealth

The framework, which is in line with the United Nations Convention against Corruption, provides the principles to guide the recovery of stolen assets.

Legal,Regulation,Tax & Compliance