Managers of Wealth

First Conviction of Non-Swiss Financial Institution For Tax Evasion

2 Cayman Islands firms plead guilty to U.S. tax evasion

The EU Succession Regulation: Spotlight on Cyprus - Harneys

In a Union where persons and capital are increasingly mobile and free movement forms a basic right, succession laws of the various Member States have not done a good job of keeping apace.

Charitable and philanthropic structures in Jersey by Josephine Howe, Ogier

Whilst benevolent giving is generally done from the heart, it is of increasing importance to donors that it is also done with their head.

Final Regulations Issued on Requirements for Certain Domestic Entities to Report Specified Foreign Financial Assets By David J. Moise, Jill Misener and Shira Peleg

The regulations went into effect on February 23, 2016, and apply to taxable years beginning after December 31, 2015. Failure to timely file Form 8938 may result in a penalty up to $50,000.

Canada, OECD countries inch toward closing tax loopholes for the rich

Efforts begin to tighten banking rules that cost governments and taxpayers billions every year

International law firm cannot rule out World Cup 2006 corruption

Among the events taking place is “The Law of Love”

Ex-JP Morgan adviser jailed over £14m client theft

He was ordered by US district judge Analisa Torres to forfeit $20.2m and pay redress to JP Morgan.

UBS, Deutsche Bank Escaped Bonus Taxes Like Houdini, Judges Say

The 12-year-old dispute involved taxes on two 90 million-pound $128 million employee bonus plans set up in 2003 to reduce liabilities on some bonuses the following year.

Swiss Private Bank Loses Appeal and Pays the Sum of $35 Million

Justice has been served in a systematic and procedural manner by the justices of the DIFC Courts

Swiss Re Said to Be in Talks to Buy Prime Reinsurance From Citi

An agreement hasn’t been finalized and talks could still fall through

U.K. Judge Adjourns Tug-of-War Case over Libyan Sovereign Wealth Fund

Decision might be ‘premature’ if solution can be reached in Libya

Bankers & Regulators Not Keen on Public Blockchain Solutions

The waiting game continues, before the regulators figure out the ways in which new innovations can or, according to them, should be policed.

Carrying golf clubs could cost you £1,000

Carrying golf clubs in the wrong part of this country could cost you up to £1,000 under measures introduced in the Anti-Social Behaviour, Crime and Policing Act

New Swiss corporate tax reform positions introduced for parliamentary discussion

The Committee also supports introducing a tonnage tax and abolishing the issuance duty on equity

FCA chief denies new regime is soft on bankers

Rules designed to hold executives to account come into effect alongside new offence of failing to prevent bank collapse

Appleby Sponsors Global Fund Finance Symposium

Appleby also had an opportunity to contribute through its exclusive sponsorship of the official networking reception.

OECD hosted two important events for the international tax community

The Task Force on Tax and Development was held on 1 March 2016, and brought together over 180 participants from government, international and regional organisations, business and civil society.

FATCA exceptions agreed by Swiss and US authorities

Accounts held by the lawyers or notaries of clients in Switzerland are now exempt from the United States’ Foreign Account Tax Compliance Act following the signing of an agreement by the countries’ authorities in February.

Singapore Banking Secrecy Makes Ripe Target for IRS

The IRS asked a federal judge in Miami to force UBS

Spain's Princess Cristina takes stand at fraud trial

She denies knowledge of the alleged embezzlement scam that also involves her husband and 16 other defendants.

Legal,Regulation,Tax & Compliance