Managers of Wealth

Switzerland moves further to end bank secrecy

Planned deal with US underlines shift away from reputation as tax haven

Hans Tietmeyer, onetime head of Germany’s central bank, dies at 85

Mr. Tietmeyer contributed to designing the Stability and Growth Pact that still forms the basis for Europe’s common currency.

Italy approves lower taxes for “new residents” to woo the wealthy

It is obviously a regime reserved for high-net-worth individuals who transfer their fiscal residence in Italy and it targets investments and the consumption that these people bring with them.

Super rich pay LESS tax after clampdown

A special taskforce set up in 2009 has prosecuted just one super-rich tax cheat

Beneficial ownership platform takes shape

U.K. authorities will have expedited access to the beneficial ownership information from June 2017

Israel and UK see eye to eye on tax transparency

HMRC met with senior officials from the IsraeI Tax Authority to build on an open dialogue and to make a clear statement of intent for the two jurisdictions to further build their relationship.

Swiss Double Tax Agreements Enter Into Force

The protocol to the Albanian DTA was also signed in September 2015, and entered into force on December 1, 2016.

No Income Tax Deductibility For Corporate Criminal Fines In Switzerland

The company had taken a provision in the amount of approximately CHF 460'000.

Implementation Of ESMA Guidelines On Sound Remuneration Policies

The guidelines will take effect from 1 January 2017.

1MDB: The Year of Reckoning

But officials outside of Malaysia weren't going to drop the matter.

MAURITIUS: Amendment to the Non-citizens (Property Restriction) Act

As announced in the Budget 2016/2017, the Non-citizens (Property Restriction) Act has been amended on the 20 December 2016 to allow non-citizens, registered with the Board of Investment to acquire apartments and business spaces in buildings, subject to se

Aluminum Billionaire Planning Escape From China: Lawyer

Giant aluminum stockpile in Mexico and Vietnam may represent an effort to get wealth out of China by Liu Zhongtian, chairman of China Zhongwang Holdings

HMRC To Take Further Action On Tax Avoidance, Evasion

The authority said the Government will invest GBP800m

Protectionist Walls Are Popping Up…Around Banks

Financial regulators are increasingly focusing on shoring up their local banking systems

Mauritius Rejects 'Tax Haven' Label

Mauritius is committed to the early implementation of the Common Reporting Standard on the automatic exchange of financial account information, as developed by the OECD.

Law Firms’ Accounts Pose Money-Laundering Risk

Hundreds of millions of dollars allegedly siphoned from Malaysian state fund 1MDB passed through firms’ pooled accounts in U.S., prosecutors say

Panama, how it shook Labour to its core, leaving it bruised but not crushed

The Panama Papers are an indelible stain on Labour’s desultory governance record.

Mauritius: Fiscal incentives on new licences

As mentioned in the Circular Letters, the licensee shall have physical office, minimum number of employees resident in Mauritius and minimum annual operating expenditure in Mauritius/assets under management as specified below.

Zurich Cantonal Bank agrees to pay €5.7 million fine

The bank’s international push for growth has led to other problems, most notably a criminal investigation in the United States into allegations that the bank helped US citizens evade taxes.

The arrests of 6 Platinum Partners executives aren't much consolation for their alleged victims

All six Platinum executives pleaded not guilty and an attorney for Shulse told Reuters he plans to do the same

Legal,Regulation,Tax & Compliance