07/30/2015
Why do off-shore tax havens still exist?
Described by the former British cabinet minister Vince Cable as "sunny places for shady people", tax havens are much maligned.
Legal,Regulation,Tax & Compliance
07/28/2015
Goldman Sachs Fined $1.8 Million for Reporting Violations
It is critical that firms have the necessary systems and supervision in place to ensure compliance with their OATS and trade reporting obligations
07/28/2015
Taxation of trusts revisited by ENS Africa
The Davis Tax Committee's First Interim Report on Estate Duty was released for public comment on 13 July 2015.
07/28/2015
Leonardo Braune: Brazil’s tax reforms risk alienating HNWIs
But by bringing Brazil’s taxes in line with jurisdictions like the US and UK, the country is risking its competitive edge.
07/28/2015
Prime Minister vows to stem flow of ‘dirty money’ into London’s luxury property market
Saadi Gaddafi will have trouble buying another £10m luxury mansion in Hampstead through a faceless British Virgin Island shell company if reforms announced today by UK Prime Minister David Cameron have their desired effect.
07/28/2015
Daughter’s £164k will victory ‘consistent with law’, say experts
The appeal court granted Heather Ilott a third of her mother’s estate on the grounds that IIott had not been given ‘reasonable financial provision’ in the will.
07/27/2015
Liechtenstein Disclosure Facility To Close In December
The UK and Liechtenstein have published a Joint Declaration that provides for the early closure of the Liechtenstein Disclosure Facility.
07/27/2015
Foreign criminals use London housing market to launder billions of pounds
Corporations, usually based in offshore tax havens, are sometimes used by buyers keen to hide ownership of assets, says National Crime Agency spokesman
07/27/2015
Ex-Deutsche Bank Chief Anshu Jain Cleared of Misleading Regulators Over Libor Rigging
German regulator BaFin is continuing investigation into other matters
07/27/2015
Dearth of compliance expertise complicates Singapore's fight against unlawful money
Singapore's fight to stem illicit fund inflows has shoved private bankers into a new quandary - finding enough qualified compliance specialists to ensure the money passing through their accounts is clean.
07/24/2015
Two more Swiss banks strike deals with U.S. over tax evasion
The United States aims to reach accords with all of them by the end of 2015.
07/24/2015
Banking Family Plans to File Suit Against Andorra
The Ciercos, who had 75 percent of the equity of Banca Privada d’Andorra, or B.P.A., said in a statement that their pending lawsuit would seek damages from Andorra for the “indiscriminate and unilateral expropriation” of the bank.
07/24/2015
Jersey Tax Bulletin July 2015 - Deliotte
Non-UK Domiciliaries and UK Residential Property: Upcoming Changes
07/23/2015
International law firm launches new Corporate Crime & Fraud Unit
In the aftermath of the global financial crisis, businesses around the world face ever tougher legal and regulatory requirements and more stringent laws cracking down on corporate misconduct.
07/22/2015
IRS targets Singapore in tax evasion crackdown
First came Switzerland. Now the Internal Revenue Service has a new target: Singapore.
07/22/2015
Fifa’s Jeffrey Webb secures $10m bond with 11 watches and wife’s wedding ring
Webb facing charges of conspiracy to defraud in Cayman Islands
07/22/2015
Africa tax in brief by Celia Becker, ENSAfrica
MAURITIUS: Expeditious Dispute Resolution of Tax Scheme 2015 guidelines published
07/22/2015
Tax court rules on creation of permanent establishment in South Africa by Dr Beric Croome
Where a foreign company renders professional services to a South African company in South Africa, it is important that the foreign entity considers whether, as a result of rendering such services, the foreign company will create a permanent establishment
07/21/2015
Bermuda Legislation Amendments Aim to Meet European Standards Set for Alternative Investment Fund Managers
Bermuda has prepared amendments to its existing Investment Business Act to develop Alternative Investment Fund Managers Directive (AIFMD)-focused legislation designed to create an opt-in AIFMD platform.
07/21/2015
Wealth manager staff jump to compliance as salaries soar
Asset and wealth managers hunting for compliance professionals to help tackle the ever-increasing regulation in the industry has driven up salaries, drawing more people to the jobs.