Managers of Wealth

Swiss Council Adopts Dispatch On 8 TIEAs

The Federal Council said that these jurisdictions fit the profile of the countries with which it wishes to introduce the automatic exchange of information.

Estranged Husband Sues Samsung Royalty For US$864 Million

He has also demanded 10 million won for mental distress.

Ex-Treasury Boss Blasted For Taking Job With Bank 'Exploiting' Offshore Finance Services

According to its website, the family-run bank which is the oldest in the UK and the fourth oldest in the world offers clients help netting “the best after-tax returns” as part of its offshore investment management wing.

Barcelona's Messi gets 21 months for tax fraud, unlikely to serve time

Spanish law is such that any sentence under two years for a non-violent crime rarely requires a defendant without previous convictions to serve jail time.

Standard Life’s 1825 imposes portfolio cap on SLI holdings

It is unclear whether such a cap is imposed across other vertically integrated firms.

New Sheriff In Town: The Monetary Authority of Singapore Creates New Anti-Money Laundering And Enforcement Departments

The changes are set to take place on 1 August 2016.

Singapore’s Banking Secrets - Not So Secret Anymore

But this focus on extra-territorial tax evasion has not been confined to Switzerland.

Swiss IP Structures Attractive To U.S. Tax Directors

Switzerland reacted to the final guidance under the Organization for Economic Cooperation and Development's project to combat base erosion and profit shifting by passing comprehensive corporate tax legislation.

UBS- Request For International Administrative Assistance In Tax Matters

The French tax authorities filed the request for international administrative assistance in tax matters with the FTA based on the Double Taxation Agreement between Switzerland and France

Will post-Brexit corporation tax cut be followed by personal tax increases, and NIC hike too?

In this week’s Tax Brief, we unpick the Chancellor’s statement regarding plans to cut the rate of corporation tax to 15 per cent and explore the implications for business tax, income and employment taxes and VAT.

Wealth Management In India: Regulatory Issues

The wealth management industry in India is at a nascent stage with a potential to develop into a high-growth wealth management market.

UBS Says Ordered To Provide Swiss Tax Agency With French Tax Information

"The request concerns a number of UBS account numbers pertaining to current and former French domiciled clients and is based on data from 2006 and 2008," UBS, Switzerland's biggest bank, said in a statement.

Aussie super tax may be scrapped following election

That would mean British expats wanting to bring their pension pots with them would probably be taxed at the non-concessional rate for every dollar over $500,000.

A Goldman Sachs partner denied banging his shoe on a table in anger at a former salesman

The relationship between the LIA and Goldman Sachs broke down in July 2008, after the LIA suffered losses on certain trades.

IMF chief may be jailed for bailing out a French tycoon

As a result of the arbitration, Tapie was awarded the payout to be made by a state-run body in charge of settling the bank’s debts.

U.S. Mining Swiss Bank Data to Find Tax Cheats

Data coming mostly from 80 Swiss banks that participated in a limited-amnesty program

US, OECD issue country-by-country reporting guidance

The BEPS Project delivers solutions for governments to close the gaps in existing international rules that allow corporate profits to "disappear" or be artificially shifted to low or no tax environments, where companies have little or no economi

GFSC and CIMA sign a Memorandum of Understanding

This AIFMD MoU facilitates information exchange and experience sharing, important processes that will enhance our capabilities as supervisors of AIFMD entities

Goldman exec tells Libya fund trial that offering prostitutes ‘unacceptable’

The LIA argues that the bank took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments.

New Corporate Criminal and Civil Offences for failing to prevent the facilitation of Tax evasion - Deloitte

The UK Government is looking to introduce new Criminal and Civil Offences targeted at businesses involved in tax evasion. The measures are intended to address a perceived inability to effectively prosecute UK led businesses whose staff facilitate tax evas

Legal,Regulation,Tax & Compliance