Managers of Wealth

Reform of the Taxation of Non-UK Domiciliaries

Briefing and Consultation Document

Offshore Tax Bulletin - Deloitte

Welcome to the September 2015 edition of Deloitte’s Offshore Tax Bulletin, which provides a round-up of local and international tax issues relevant to Jersey, Guernsey and Isle of Man businesses and individuals.

Wealthy UK couples avoid divorce court settlements due to media interest

Couples can request reporting restrictions, explains UK firm Hugh James, but are required to alert the media to their application for privacy to give them the opportunity to contest it.

UBS Pays $34 Million to Settle Violations Stemming from Puerto Rican Fund Sales

UBS, branch manager and broker on the hook for improper sales of Puerto Rican closed-end funds.

Javier Mascherano charged with tax fraud

A judge has also previously accused Neymar of evading taxes.

Cyril Amarchand Mangaldas facilitates acquisition of Bank of America’s Private Wealth Management Business by Julius Baer Group

The Cyril Amarchand Mangaldas team which advised Bank of America Corporation was led by Mumbai based managing partner Cyril Shroff

Keeping in STEP with industry leaders

High profile speakers will put the latest developments in trusts, estates and personal planning in the spotlight at The Isle of Man branch of the Society of Trust and Estate Practitioners' annual conference.

Justice Department Announces Two Banks Reach Resolutions under Swiss Bank Program

These banks will collectively pay penalties totaling more than $18 million.

Establishment of the LUI Che Woo Prize – prize for world civilisation

The LUI Che Woo Prize will recognise and honour achievements made by outstanding individuals or organisations.

US seeks probation for Ex-UBS banker in tax evasion case

U.S. prosecutors are recommending probation for a former executive at Swiss bank UBS AG because of his extensive cooperation in a long-running U.S. investigation into tax evasion using secret accounts.

Credit Suisse in $4.25 mln settlement with SEC over faulty data

Credit Suisse Securities (USA) LLC, which is headquartered in New York, New York, agreed to settle the charges by paying a $4.25 million penalty and admitting it violated the recordkeeping and reporting provisions of the federal securities laws.

Is Wealth Inequality Hidden in Tax Havens? Piketty’s Co-Author Thinks So

The idea of stashing money in a Swiss bank account or some Caribbean island sounds a bit antiquated—the act of a 1960s James Bond villain.

Top law brands named

The ranking of global brand equity follows a survey of more than 2,300 general counsel.

Private equity fund settles Brooks Macdonald legal row

The row related to the purchase of zero dividend preference shares in the closed end fund by investment firm Spearpoint in 2011.

Paul Walker's Daughter Sues Porsche

Walker's only daughter, Meadow, filed the suit Monday.

OECD to release BEPS package for reform of the international tax system to tackle tax avoidance

The OECD will release the final package of measures for a co-ordinated international approach to reform the international tax system under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project on Monday 5 October 2015.

7 banks under investigation by Swiss regulator

The competition authority said it especially suspected the banks had fixed the prices of bid/ask spreads within the market.

Regulators catching up to Ferrari tax dodgers

The regulators are in the position of police on a freeway without a speed limit using bicycles to stop Ferraris.

Legal 500 – Jersey review

For 27 years, The Legal 500 has been analysing the capabilities of law firms across the world, with a comprehensive research programme revised and updated every year to bring the most up-to-date vision of the global legal market.

Swiss lawmakers vote to demand their biggest banks hold more capital

Swiss lawmakers pushing for higher leverage ratio

Legal,Regulation,Tax & Compliance