Managers of Wealth

Barclays hit with £1.6 billion insurance lawsuit

Barclays said it will vigorously defend the claim of £1bn in compensation and £600,000 for alleged misrepresentation.

Messi Prison Sentence Stands After Supreme Court Rejects Tax Fraud Appeal

Charges were initially filed against the Argentine footballer in 2013.

JFSC wins prestigious international award

The JFSC’s approach has adopted innovative solutions in the areas of interoperability, confidentiality and cyber security.

Burden of wealth tax will likely exceed benefits, tax practitioners warn

As deadline for submissions to the Davis Tax Committee looms.

Lexinta Strengthens Its Multi-family Office Services in Asia

The visa program is very popular in terms of tax and estate planning, whilst not forgetting the freedom of movement it can offer to an eligible family.

China to Lift Investment Suspension

The fund-raising is carried out through a wholly-owned onshore fund management company and within a set quota.

PwC on the money with Close Brothers audit win

PwC is to take over from Deloitte as auditor of FTSE 250 UK merchant banking group Close Brothers following a formal tender process

French authorities raid soccer stars’ homes in tax probe

Details of the players’ contracts appear to reveal they had avoided taxes by using offshore arrangements to receive payments related to their so-called image rights.

Some Swiss cantons overwhelmed with confessions of tax evasion

The canton of Vaud did not provide any figures.

Malta chairs 'awkward' EU talks on tax dodging

The minister, who said last Sunday that the Malta Files were "fake news", said on Tuesday that they contained nothing new because "you don't leak public data which is freely available online".

German court rules J. Safra Sarasin to pay $50 mln over bad advice

It noted the case dated back to when it was majority owned by another business.

Dutch banks tighten rules for trust offices after Panama Papers

Details of the changes were found in internal documents of Holland Quaestor, the sector lobby group, obtained by the Financieele Dagblad the paper said on Monday.

UAE sin tax spells trouble for Swiss cigar maker

The proposed tobacco taxation may dramatically increase the price of cigars

Standard Life and Aberdeen Asset Management £11bn merger to be probed by regulator

The Competition and Markets Authority opens an investigation which Standard Life says was triggered when it 'filed an application' over the proposed deal

Formula 1 pays just £7m in tax despite having underlying profits of £350 million

The interest is used to reduce the profits for tax purposes under an agreement struck with Revenue & Customs in 2008.

Muscat vows solid defence over Malta Files

If we don’t present a common front, irrespective of our political colour, it would endanger investment and jobs in Malta.

Barclays Cartel Trader Ashton Draws $1.2 Million Fine From Fed

The Fed initially announced its plans to fine Ashton and bar him from the industry in August of last year.

Cristiano Ronaldo facing tax probe with Real Madrid star accused of failing to pay full amount on £120million image rights

Spanish press say tax authorities looking into irregularities in returns between 2009 and 2011

FATCA Leads To Record Numbers Of Americans Denouncing Citizenship

It serves no one, least of all investors and borrowers, to have fewer options in the capital markets.

Wealth firm enters special administration

Strand Capital was bought by Optima Worldwide Group in 2014 for £982,389.

Legal,Regulation,Tax & Compliance