Managers of Wealth

Uber’s roundabout revenue journey to steer clear of tax

The smartphone app, which has raised more than $7bn (£4.8bn) in funding, and is valued at $62bn, is currently losing money as it ploughs cash into expansion.

Taxman says 'We’re too busy to chase offshore cash': Revenue to miss £1bn evasion target by £780m according to watchdog

The alert was buried in the fine details of the OBR’s 260-page report on last week’s Budget.

IBRC liquidators sue former Anglo chief

He then established Anglo’s private banking business in Ireland, which dealt with many of the country’s wealthiest people during the boom years.

The lords of finance are losing their touch

Central banks are already doing the unthinkable - you just don't know it

Convicted Libor trader Tom Hayes says he lost £1m of own savings

The agency is seeking at least £2.4m of bonuses he received at UBS and Citigroup.

UK Budget 2016 - Swiss highlights by Withers

The run-up to the UK Budget was dominated by rumours of major changes to the taxation of pensions which did not materialise.

Global watchdog flags slow 'too big to fail' bank rule adoption

The FSB, which is chaired by Bank of England Governor Mark Carney, is tasked with coordinating financial regulation for the Group of 20 economies (G20).

UBS Says European Court to Hear Challenge in French Tax Case

France ordered the bank in July 2014 to post a bond of 1.1 billion euros in connection with the probe. UBS disputed the legal basis for the bail and the method of calculation.

Coutts case could set legal precedent on redundancy

The matter has been adjourned, with no date yet set for its continuation. It is a case lawyers on both sides describe as a matter of law and legal interpretation and also is one that potentially could set legal precedent in the Cayman Islands, specificall

FAMR responses reveal who called for biggest reforms

The respondents range from small IFA firms to large providers and asset managers.

ANZ wealth breaches slammed

While the majority of these compliance breaches are in the past, we know we can do better

Africa tax in brief by Celia Becker, ENS Africa

The introduction of a Special Contribution on Banking Operations

Proposed expansion of “permanent establishment” definition by Annalie Pinch and Nicolette Smit, ENS Africa

During October 2015, as part of the Organisation for Economic Co-operation and Development (“OECD”)/G20 Base Erosion and Profit Shifting (“BEPS”) Project, the OECD issued its final report in respect of Action 7 “Preventing th

Final opportunity to regularise your unauthorised foreign assets by Mmangaliso Nzimande and Jerome Brink, ENS Africa

Automatic exchange of information between tax authorities

Former equities trader at Schroders pleads guilty to insider dealing

A former equities trader at Schroders Investment Management Limited, pleaded guilty at Southwark Crown Court to nine counts of insider trading. He will be sentenced on 13 June 2016.

The problem with promises to crack down on tax-dodging banks

The system gives room for avoidance but taxpayers at least know what to expect, writes Clemens Fuest

Slaughter and May is advising Oddo & Cie - disposal of Kleinwort Benson wealth management business

Subject to regulatory approvals, Kleinwort Benson will be combined with Société Générale Private Banking Hambros to create one of the leading private banks in the UK.

Credit Suisse Accused of Money Laundering in Wealth-Manager Case

The complaint is based on hearings, a review of the evidence as well as information received from MROS, Switzerland’s Money-Laundering Reporting Office, the lawyers wrote.

Wealth managers warn MiFID II reporting demands will raise costs

Panic selling also a risk

Guide to Private Trust Companies (PTC) Structures in Guernsey - Appleby

This Guide is a summary of the law and procedures relating to private trust company (PTC) structures in Guernsey.

Legal,Regulation,Tax & Compliance