12/02/2014
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.
12/02/2014
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
12/02/2014
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
12/01/2014
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.
12/01/2014
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
12/01/2014
Elian has launched a ground breaking app that provides a paperless alternative to certified true copies for individual client due diligence (CDD) purposes.
12/01/2014
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.
11/30/2014
We reveal some of our predictions for next week’s Autumn Statement.
11/30/2014
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.
11/29/2014
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
11/28/2014
A leading wine merchant has become the latest victim of wine fraud after being conned out of vintage bottles worth £50,000.
11/28/2014
Follows collapsed Serious Fraud Office case against the property billionaire
11/28/2014
Jamie Cooper-Hohn, the ex-wife of Children’s Investment Fund Management UK founder Chris Hohn, is to receive $530m of the couple’s marital assets
11/28/2014
The agency's revelation came a day after it charged HSBC bank with helping Argentines evade taxes by stashing about $3 billion in the secret accounts.
11/27/2014
Barclays says its Swiss private bank drops out of U.S. tax deal
Barclays' private bank in Switzerland has dropped out of a U.S. programme aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday.
11/27/2014
Argentina's move comes as part of a global crackdown on undeclared funds held in offshore havens, after the global financial crisis strained government budgets and made the need to maximize tax receipts more pressing.
11/26/2014
As part of the OECD’s work to improve the timeliness of processing and completing mutual agreement procedure (MAP) cases under tax treaties and to enhance the transparency of the MAP process, the OECD makes available to the public, via its website,
11/26/2014
The heir to the Nina Ricci perfume fortune is to go on trial for tax fraud in what is seen as a test case related to the HSBC tax avoidance scandal.
11/26/2014
The unit failed to register with the S.E.C. before providing advice to American clients, an omission that allowed it to avoid scrutiny in Washington.
11/25/2014
Private Capital team scoops another award
"This award is a testament to our team, its international strength and the quality of work it does. It tops off what has been a great start to the new merged firm."