Managers of Wealth

HMRC is taking action after the Rangers EBT ruling: issues facing trustees

The issues that affected trustees should now consider are as follows.

Swiss expats in fighting spirit over banking service

I think we stand a good chance of finding a satisfactory solution.

Germany seeks arrest of Swiss secret service members

The Swiss financial sector was rocked by a series of data leaks to Germany.

Multiple Pro Athletes Swindled Out of Millions

The court's entry of the final judgment resolves this litigation in its entirety.

Bermuda Introduces Bribery Act Legislation

The Bribery Act applies to private sector bribery, as well as public sector bribery

Tax transparency: today and tomorrow

One of the biggest global initiatives addressing tax evasion has been the Action Plan on Base Erosion and Profit Shifting (BEPS), launched by the OECD in 2013.

Unexpected tax bills for property ‘flippers’? by George Bull

With short-term property speculation running at its highest level since 2007, we question whether ‘flippers’ are giving enough thought to their tax bills.

€16.8 million recovered from Panama Papers, Swiss Leaks

96 individuals or firms undergoing full tax investigation

The MLI’s impact on alternative investment funds

Countries have started sharing their treaty choices with the OECD.

Carsten Kengeter Running Out of Time

The German finance professional, who once led UBS’s Investment Bank, seemed certain of himself: And at the time saw no reason to renounce his bonus.

Italy grants non-dom status for first time (to former UK non-dom)

In order to qualify for this regime, the applicant has to have been non-tax resident in Italy for at least nine out the 10 years preceding their arrival in the country.

Wealth tax may ‘drive out’ Ireland’s rich

While other wealth-tax models, like the version paid in the Swiss canton of St Gallen, could raise up to €1.23bn a year, it would affect 52% of Irish households, the group said in an analysis of the merits of introducing such a measure in the budget

India huge market for Swiss banks: Rudolf Elmer

For Swiss banks have argued that Elmer has illegally revealed information about account holders that run contrary to Swiss law.

Moscow Musings: The Future of Offshore

We are very unlikely to see a return to the volumes of corporate business involving Russia seen by offshore finance centres in the past.

Swiss cite India's strong data security laws for auto-sharing banking info

The fact sheet and the notification, published in German, also talks about Switzerland looking to explore greater access to Indian market

Hedge fund manager charged for scamming investors out of millions

Among the alleged victims are a tight-knit group of relatives

Hong kong singapore and china get tough tax havens

In an effort to create a ‘level playing field’, Asian economies are committing to new standards of transparency

CRS/FATCA Deadline in the Cayman Islands: Final Extension

Deadline for new Notification (Registration) and Variation of Reporting (Notification) Obligations for US FATCA/CRS

Fidelity and Investec sign LGPS code of transparency

It comes after funds encountered difficulties in getting such data from asset managers.

PwC fined for Merrill Lynch compliance failure

PwC failed to fulfill its obligations during a period when Merrill Lynch exposed billions of dollars of customer assets to claims of its creditors.

Legal,Regulation,Tax & Compliance