Top wealth firm in £10k trail dispute with Massow

In 2004, Muston had set up a £200,000 trust fund through an IFA in Birmingham, which was later taken over by Barclays Wealth. Aviva, the fund provider, then paid an initial commission of £5,000 to the IFA.


Swiss not aware of US accusation details - Pictet

Swiss banks need to know what the U.S. is accusing them of to be able to negotiate a solution, Nicolas Pictet, president of the Swiss private banking association and a managing partner at Pictet & Cie. told Aargauer Zeitung in an interview.


Germany's Greens push for higher tax on rich

The Greens have been riding high in opinion polls and could be well-positioned to form a coalition with their preferred partners, the centre-left Social Democrats (SPD), or Chancellor Angela Merkel's conservatives (CDU/CSU).


Sars gunning for super-rich

Earlier this year, Sars announced that only 360 individuals earning more than R7-million a year, or with assets in excess of R75-million, were registered to pay tax.


Former UBS banker turns up pressure on Swiss banks

A light sentence handed down on Friday for a former top UBS private banker who became a U.S. government informant on wealthy American tax cheats ramps up pressure on the Swiss banking industry.


UK ax boutique acquires Kleinwort Benson's unit

Private bank Kleinwort Benson said the increasing complexity of the UK tax regime means a "specialised external partner" would provide its clients with the best quality service.