03/15/2016
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
03/15/2016
New Global Forum peer reviews highlight ever-increasing compliance with tax transparency standards
The world’s leading forum on tax transparency published 10 new peer review reports today, pointing to ever-increasing compliance with the internationally-recognised standards to curb tax evasion through the exchange of information.
03/15/2016
South Korea fines HSBC and Deutsche $50,000 for FX swap collusion
The watchdog fined HSBC 46 million won and Deutsche 13 million won. HSBC's Seoul branch said it has cooperated fully with the Fair Trade Commission. Deutsche declined to comment.
03/15/2016
HSBC freezes at least $87m in accounts linked to China’s Sam Pa Tom Burgis
In a 2014 Financial Times investigation, people who have had dealings with Mr Pa — who goes by at least seven different names — claimed that he also had close ties to the Chinese intelligence services.
03/15/2016
Goldsmith slammed for targeting London's Hindus with 'scaremongering' jewellery tax leaflet
The Tory mayoral candidate sent out a letter to London's Tamil community claiming his Labour rival wanted to tax their family jewels
03/14/2016
Multinationals and tax authorities appear before tax rulings committee
Also tax-related state aid verdicts and investigations by the Commission are likely to be discussed.
03/11/2016
Hedge Fund Billionaire Says Clothing Mogul Plotted Murder Over Beach House
Among the claims—physical attacks, firebombing cars, home and office break-ins, vandalism, and paying people to throw anti-Bacon rallies that claimed he was a racist, a murderer, and stock crook.
03/11/2016
Cayman companies plead guilty to tax evasion conspiracy
IRS: More than US$130M ‘hidden’ in Cayman
03/11/2016
Hong Kong Regulator Bans Hedge Fund Founder
The SFC is stepping up scrutiny of personal trading irregularities in the hedge-fund industry.
03/11/2016
Ganek Suit Over Hedge Fund Raid Moves Forward Against U.S.
The unusual decision on Thursday means the government must provide evidence about its work to Ganek and perhaps defend itself before a jury.
03/11/2016
Spain’s monarchy drawn into banking scandal
In a leaked text conversation also involving the king, Queen Letizia pledges support for a scandal-hit banker whom she describes as her ‘yoga mate’
03/11/2016
Raymond James Fined for Enabling Client Privacy Violations
In several cases, customers had opted out of sharing their information or the customer resided in a state that required affirmative consent to share personal information, according to the regulator.
03/11/2016
Vaud moves ahead with phase out of controversial Swiss tax deals
Under current rules Swiss cantons can offer preferential tax rates to certain companies, mostly multinationals with most of their activity abroad.
03/10/2016
Bankers' bonus tax avoidance schemes so complex judges named them after Houdini are illegal, Supreme Court judges rule in a legal battle over bill worth £183MILLION
Ruling against UBS Group, AG and Deutsche Bank at Supreme Court
03/10/2016
Credit Suisse probed in Italy in tax evasion case: sources
Credit Suisse offices in Milan were searched by Italian police in December 2014 as part of an investigation by Milan prosecutors.
03/10/2016
National News: Statement from the Canada Revenue Agency on KPMG Investigation
The CRA wants Canadians to have complete and accurate information on these issues.
03/10/2016
FCA publishes a Discussion Paper on the client money distribution rules and the Special Administration Regime
Following the failure of Lehman Brothers in 2008, the Treasury created a specific insolvency regime for investment firms holding client assets, the SAR.
03/10/2016
Why the CRA’s ‘secret deal’ with KPMG’s clients in the Isle of Man scheme might actually be a good thing
It has all the makings of an Agatha Christie novel — except in this case the allegations aren’t murder, but tax evasion.
03/10/2016
First Conviction of Non-Swiss Financial Institution For Tax Evasion
2 Cayman Islands firms plead guilty to U.S. tax evasion
03/09/2016
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.