09/26/2014
Six major banks including Royal Bank of Scotland and Barclays face huge fines for rigging the ‘Wild West’ foreign currency market.
09/26/2014
The head of the AFIP tax bureau Ricardo Echegaray received yesterday an encrypted CD from the French government containing information on 3,900 undeclared bank accounts of Argentine origin in the Swiss branch of HSBC.
09/25/2014
A French court has concluded that 1.1 billion euros in foreign-held UBS accounts requires further investigation.
09/25/2014
Companies with cantonal tax status have accounted for roughly half of the Confederation's profit tax receipts in recent years
09/25/2014
Thousands of Americans abroad are giving up their citizenship as the implementation of a complex new tax law causes banks to shut down accounts for US expatriates
09/25/2014
Swiss Bank Agrees to Pay $850,000 for Unregistered Trading
As part of the settlement agreement, the respondents have agreed that they breached securities laws regarding registration requirements.
09/25/2014
The difference between harmonious family relations and bitter infighting for seriously wealthy families is often a well thought-out family charter.
09/25/2014
Haigh, who denies the fraud claims, was arrested on May 18 after he flew to the Middle East for talks about a supposed new position with GFH.
09/25/2014
The Internal Revenue Service today issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act
09/25/2014
On 18 September, the Financial Conduct Authority (FCA) held a conference which addressed the agenda for Markets in Financial Instruments Directive (MiFID) II.
09/24/2014
The fact that the Mansion Tax is so badly designed and illogical suggests that it would soon mutate into a full-blown, French-style wealth tax
09/24/2014
After its wealth management business in the U.S. acquired the advisory business of Lehman Brothers in September 2008.
09/24/2014
Swiss Banks’ DoJ Emissary Sees Tax Spats Drag on in 2015
Julius Baer Group Ltd. (BAER), Switzerland’s third-largest wealth manager, and “a smaller bank” may be the next firms to reach a resolution.
09/23/2014
We have some serious concerns about what such legislation would mean for a small, but increasingly important part of our financial services industry – private banks and high net worth customers.
09/23/2014
Today the SEC announced that it will pay $30 million to a whistleblower in the largest award ever doled out by the agency.
09/23/2014
If these permanent establishments receive revenue from dividends, interest, or royalty payments from a third state with which Switzerland also has a DTA
09/22/2014
Pressure is building up on Switzerland to accede to India's request for information on its citizens who held accounts in HSBC's Geneva branch.
09/22/2014
UBS, which appealed in July, had already paid a much smaller 2.875 million-euro guarantee in the case.
09/21/2014
Fighting the $53 billion global tax dodging trends
OECD chief Angel Gurria Saturday handed the G20 recommendations on the biggest changes to international tax rules in more than a century in a bid to tackle corporate tax strategies that are costing countries billions.
09/21/2014
The UK is a 'tax haven', whether we like it or not
Archaic rules mean the world sees us as a tax haven