Managers of Wealth

Swiss Banker Seeks Bail in U.S. Tax Case Without Going to Court

Buck, who hasn’t appeared in federal court in New York, asked for a bail package without leaving Switzerland, which doesn’t extradite its citizens for tax offenses.

Make £2billion tax avoidance industry illegal, says Hodge: 'Shameless' accounting firms make vast sums advising rich on how to rip off taxpayers, says accounting chief

The law should be changed to put the ‘shameless’ £2billion tax avoidance industry out of business

Wylys Should Pay $329 Million for Fraud, SEC Tells Judge

The Securities and Exchange Commission asked Scheindlin to order the Wylys to pay $329 million plus interest. Their lawyer estimated the total could be $700 million.

How the HMRC helped tax avoiders stay ahead of the law - by shifting cash for Switzerland to Liechtenstein

The crackdown on wealth stashed in Switzerland has failed. Why? Because of a deal Britain cut with Liechtenstein

Insurance premium tax exemption for spacecraft - In force 1 December 2014

The UK Government is committed to the exciting opportunities open to the space sector and the goal of raising the UK share of the projected £400 billion global space-enabled market to 10% by 2030.

George Osborne Mulls 'Super-Tax' For British Money In Swiss Bank Accounts

Under proposals being considered by HMRC, Britons with money stored in Swiss bank accounts face being hit with a 200% penalty in March 2016 if they do not declare it to the taxman.

FATCA - Status of jurisdictions with agreed-in-substance, but unsigned, IGAs at close of 2014

The IRS today released an advance version of Announcement 2014-38 containing jurisdictions that have been treated as if they have agreed “in substance” to a FATCA intergovernmental agreement (IGA), but that do not in fact sign the IGA before D

UBS Must Face Loreley Fraud Claim in Lawsuit Over CDO Losses

Loreley sued UBS over what it said were four fraudulent CDOs, one of which was arranged by UBS “at the behest of” Magnetar Capital LLC, a hedge fund that had bet against the housing market and selected the collateral for the securities, accord

A whistleblower who has helped Europeans recover billions in taxes

Investigations have lead to the creation of the so-called “Falciani List,” which contains the information of the suspected tax evaders.

Slaughters and Latham lead on €3.8bn Swiss packaging group takeover

Slaughter and May and Latham & Watkins have scored the advisory roles on buyout firm Onex Corp's acquisition of Swiss packaging group SIG Combibloc Group for around €3.75bn

Elian launches ground breaking client due diligence app

Elian has launched a ground breaking app that provides a paperless alternative to certified true copies for individual client due diligence (CDD) purposes.

Johnson's Anti-Fatca Crusade Is "Noble" Says Wealth

Fatca is intended to stop Americans dodging taxes by hiding their wealth overseas, but it has proved controversial because it extends to all American passport holders, even those who have only a tenuous link to the US.

New powers for HMRC by Baker Tilly

We reveal some of our predictions for next week’s Autumn Statement.

Thailand's Prince Vajiralongkorn strips wife's family of royal name

The BBC reports that the prince has has asked the government to strip his wife's family of their royally bestowed name, a move that is thought to be the first step in the couple's official separation.

Russian De-offshorisation Legislation – how the new law on taxation of Controlled Foreign Companies affects you and your clients by Withers

The new law on the taxation of controlled foreign companies (the 'CFC') and other anti-offshore measures (the 'Law') has received Presidential Assent on Monday this week (24 November 2014) and will come into force starting from 1 Janua

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