04/16/2012
One in 10 rich 'pay under 20% basic tax rate'
Almost one in 10 people earning more than £10 million a year is paying less than the 20% basic rate of income tax, the Treasury says.
Legal,Regulation,Tax & Compliance
04/16/2012
French magistrate to examine UBS charges
An independent French magistrate has been named to examine the commercial practices of Swiss bank UBS AG, financial daily Les Echos reported on Monday.
04/13/2012
Schroders produces KIIDs for Luxembourg range before July deadline
The British fund manager has marked 14 May as the day it will produce the information documents for investors - about six weeks before the 1 July deadline set by the European Union for regulated products.
04/13/2012
Leading offshore law firm advises Cinven on CPA Global acquisition
The transaction proceeded by way of a Jersey scheme of arrangement and has received the required regulatory approvals and the sanction of the Jersey Royal Court.
04/12/2012
International law firm expands Cayman's Private Wealth Practice
He joins Ogier from Gorvins in Manchester, where he was the partner in charge of their wills, trusts and probate team and led a number of client mandates across the trust sector.
04/11/2012
Appleby launches new regulatory and financial services team
Appleby (Cayman) has formed a dedicated Regulatory and Financial Services Team to provide advice to local and international clients on regulatory matters in the Cayman Islands.
04/11/2012
France's Hollande Unveils 'Vast' Tax Reform Plans
Denouncing the legacy of outgoing President Nicolas Sarkozy’s five-year term in office, marked by accumulated debt of EUR612bn (USD799.7bn), by a proliferation of supplementary finance laws and incoherent budgets, aimed at maintaining the fiscal pri
04/11/2012
Singapore may not escape India's offshore tax grab
Mauritius owes its tax status to historic ties with India, which resulted in a treaty signed in 1983.
04/11/2012
Swiss Court Rejects Disclosure of Credit Suisse Client Data
Credit Suisse Group can’t disclose a client’s account data to U.S. tax authorities because a request for assistance last year addressed only tax evasion, which isn’t covered by a 1996 treaty, a Swiss court ruled.
04/10/2012
UBS Likely to Win Ouster of Billionaire’s Suit, Judge Says
U.S. District Judge Andrew Guilford in Santa Ana, California today issued a “tentative” opinion rejecting Olenicoff’s lawsuit against Zurich-based UBS, the largest Swiss bank.
04/09/2012
German Tax Office in Talks to Buy Swiss Bank Data, Spiegel Says
One of the sets of data is information from the Zurich Coutts Bank, a unit of the Royal Bank of Scotland Group Plc, the German magazine reported.
04/09/2012
Germany Outraged over Swiss Arrest Warrants
The move has gone down well in Switzerland, where politicians have praised the country's assertiveness. But it is unclear how the Swiss authorities will proceed -- the main witness is dead.
04/09/2012
George Osborne faces revolt over 'tax on giving' as charity donations dry up
A powerful alliance of aid groups, charities and arts organisations is launching a full-frontal assault on Treasury plans to limit tax relief for philanthropists, warning that they will have a devastating impact on the culture of giving at the heart of Da
04/09/2012
Millionaire Tory donor 'slept on private jet flying outside UK airspace to avoid paying tax'
Dodge allowed him to extend the number of days he could stay in the UK without paying tax
04/05/2012
SEC hits Conservative Party donor with biggest fine on foreign group
The hedge fund of a Conservative Party donor has been fined $98 million for market abuse.
04/04/2012
Top family offices move to address investment strategy in Asia
Wigmore Association Evaluates Expansion of Membership, Global Investment Priorities and Developments in China and South East Asia
04/03/2012
New sheriff comes to Hong Kong
The swoop by Hong Kong’s graft-busting body on the Kwoks and a former senior government official, coming only days after a new chief executive was elected, provides ample fodder for conspiracy theorists.
04/03/2012
Senior JP Morgan banker quits after £450,000 FSA fine for market abuse
The FSA believes that the size of the proposed fine reflects the serious nature of the market abuse and should act as a deterrent to other market participants.
04/02/2012
Italy's Lombardy settles UBS derivatives dispute
No financial details were given as the parties cannot disclose details until the contract is signed.
04/02/2012
Switzerland seeks arrest of German tax collectors
In the latest chapter of an ugly dispute over tax evasion that has strained ties between the two neighbors, a spokeswoman for the ministry confirmed a report about the arrest warrants due to appear in Sunday's Bild am Sonntag newspaper.