10/27/2015
MiFID II to signal inducements endgame for UK asset managers
Most vigilant stance possible
Legal,Regulation,Tax & Compliance
10/26/2015
Britain to slash tourist visa price for Chinese visitors from 2016
The new measures include cutting the cost of a two-year multiple-entry visa to £84
10/25/2015
Swiss banks warned over global expansion
But the rules would be tightened if the banks expanded their global size or domestic market share — for instance via acquisitions.
10/23/2015
The taxman cometh
It promises to prise open the secretive affairs of those who are evading tax, and to play a part in reducing the so-called “tax gaps” of governments struggling with stubbornly high fiscal deficits.
10/22/2015
International Tax e-briefing - Eversheds
Summary of significant recent changes in tax law in the EU.
10/22/2015
Belhassen Trabelsi Has Diverted Millions of Dinars Through Offshore and Shell Companies
Countless cases related to this file remain blocked at the level of investigation
10/22/2015
Inside Swiss Banks’ Tax-Cheating Machinery
Dozens of firms have been spilling their secrets to the Justice Department about how they encouraged U.S. clients to hide money abroad
10/22/2015
Fraudster boasted he was 'internet millionaire ' with mansions and private jets while living in modest terrace house
Lee McKenna posted videos of expensive cars, planes and foreign villas while conning thousands in an online scam
10/22/2015
India fails to get to root of black money problem
There are a number of possible reasons why the authorities failed to attract more disclosures.
10/21/2015
Switzerland Sets Leverage Ratio at 5% for UBS, Credit Suisse
The leverage ratio, as the measure of financial strength is known, can include a maximum of 1.5 percent of contingent convertible bonds
10/20/2015
Emir regulations present ‘opportunities’, says Oxley
Mr Oxley said of the changes: “On the one hand you have to work harder to get your positions on, but on the other, opportunities are mispriced as people have stepped away from risk-taking.
10/20/2015
Raiffeisen to Offer Polish Unit While Removing Swiss-Franc Loans
The discussion over what happens to the Swiss-franc mortgages is the biggest obstacle for the sale of our bank in Poland
10/19/2015
Millionaire property tycoon could be the first hit by new ruling that divorce settlements can be torn up when partners lie about how rich they are
The High Court had been waiting for the result before it came to a decision on whether to look again at the a Mackay settlement
10/18/2015
VIETNAM: Luxury cars face higher tax
VietNamNet Bridge – The Government plans to increase special consumption tax on luxury passenger cars by up to 150%, according to a proposal recently passed to the National Assembly.
10/16/2015
A major hedge-funder in prison for insider trading is being sued by his brother for $14.5 million
In the lawsuit, Rengan Rajaratnam, 45, said Galleon failed to pay him $8.3 million on profits
10/16/2015
Luxembourg to abolish its IP regime and to amend its net wealth tax
In his speech, the Minister of Finance also mentioned again the planned tax reform for 2017
10/15/2015
Wealth of examples on both sides for the tax-haven attack dogs
Bill Shorten won’t like to hear it, but some of his private wealth is being held by a fund with a registered trust in the Cayman Islands.
10/15/2015
Geneva Bank Jobs Fall to Lowest Since Crisis Amid Regulatory Woe
This year’s total is about 150 jobs less than seven years ago, just before Lehman Brothers Holdings Inc. collapsed.
10/15/2015
UBS Settles U.S. SEC Case Over Structured Notes For $19.5 Million
Investors in structured notes get their return based on the performance of the derivative over the life of the note.
10/14/2015
The Americans are tough on Swiss banks, but the Swiss are tougher
The Fed has not been inspired by a warm feeling of solidarity, but from the knowledge that banking is about linkage and it was impossible to calculate the damage any failure would cause.