10/22/2014
Swiss Banks on Own in Navigating U.S. Offshore-Account Requirements
Swiss Government Provides Little Guidance for New Justice Department Program
10/22/2014
Ex-UBS Adviser Says Weil Was At Meeting On Hiding Accounts
A former UBS AG client adviser on Tuesday placed the Swiss bank's ex-wealth management head Raoul Weil at meetings in 2002
10/22/2014
The challenge for these customers is to move the money to some other destination without leaving a trail
10/22/2014
Banks in London are expanding curbs on entertainment, with some adding bans on buying clients shots and expensing pricey bottle services for tables at nightclubs.
10/21/2014
HSBC attacks 'retrograde' EU bonus cap
Douglas Flint, the chairman of Europe's biggest bank, says restrictions on pay are hitting banking industry and making it difficult to hire top talent
10/21/2014
Italy has also taken a tough line in that the DTA should not offer provisions that would establish a tax amnesty. Italy is seeking payment of any unpaid taxes on Italian taxpayers' assets in Switzerland and transparency about account-holders' id
10/21/2014
Antitrust: Commission settles cartel on bid-ask spreads charged on Swiss Franc interest rate derivatives; fines four major banks € 32.3 million
10/20/2014
Conservative politicians want to compel Switzerland’s central bank to hold at least 20% of its assets in gold it could never sell. For those opposed, the initiative would hobble the bank’s operations and harm the economy.
10/20/2014
Augentius has received authorisation from the Ministère des Finances, Luxembourg to act as an authorised depositary to private equity and real estate funds in accordance with the Alternative Investment Fund Managers Directive (AIFMD).
10/20/2014
International law firm to open Dubai branch
With offices in Geneva, Lausanne, Luxembourg, Paris, and Shanghai,
10/17/2014
Switzerland and member states of the European Union have signed a joint statement that reaffirms Switzerland's commitment to abolish contested corporation tax regimes and EU member states' pledge to lift countermeasures.
10/17/2014
“When high frequency traders cross the line and engage in fraud we will pursue them as we do with anyone who manipulates the markets,” said SEC Chair Mary Jo White.
10/17/2014
It was George Harrison’s astonishment at the amount of tax he was paying that prompted him to pen The Beatles’ song “Taxman” almost 50 years ago.
10/16/2014
The OECD 2014 BEPS Action Plan has plenty of food for thought…
10/16/2014
Launched at a special Crestbridge Forum, attended by over 100 highly influential fund sector specialists in Luxembourg on Thursday 2 October, the IFI Global ‘Impact of AIFMD’ report examined opinions on the impact of the introduction of the Di
10/15/2014
India has been asking Switzerland to cooperate in these cases under obligations of the bilateral Double Taxation Avoidance Agreement
10/15/2014
A UBS AG unit will pay $5.2 million in a settlement with Puerto Rico's financial institutions regulator over the firm's practices involving sales of Puerto Rico closed-end bond funds whose values later plunged.
10/15/2014
We knew from the way the accounts were set up that the majority of these 15,000 clients were cheating on the taxes,” said Schumacher
10/14/2014
Monaco joins fight against tax dodgers
The Principality of Monaco, a known tax haven, delighted its larger European neighbors when it announced its commitment to fight tax dodgers after becoming the 84th jurisdiction to participate in the Multilateral Convention on Mutual Administrative Assist
10/14/2014
Since 2009, the U.S. has had unprecedented success with ferreting out offshore accounts. It started in 2008 with key court victories against UBS.