Managers of Wealth

Former governor of Central Bank of Cyprus jailed for tax evasion

He was the first senior official to be sent to prison on charges involving financial crimes following the near-collapse of the Cypriot economy in early 2013.

Switzerland, India Differ On Bank Account Disclosures

A Swiss official says there is a disagreement with the Indian government as to 'what exactly will have to be disclosed'

HMRC's Explains Relationship With High Net Worths

The guide adds that HMRC has begun issuing "follower notices" and "accelerated payment" notices to those involved in tax avoidance schemes.

Black Money Trail: Govt Discloses 3 Names With Swiss Accounts

The government has disclosed to the Supreme Court the names of three persons who allegedly deposited black money abroad.

Deloitte named a leader in Global Risk Management Consulting services by Gartner

Cyber Risk Services and Crisis Management round out broad portfolio Deloitte considers cyber risk services to rank among its most important offerings in the marketplace.

Heads of Tax Administration agree global actions to meet global challenges

The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project and the move to automatic exchange of financial account information took centre stage when Heads of Tax Administration met on 23-24 October in Dublin, Ireland.

73 Swiss banks ask U.S. to revise proposed tax amnesty deals

Swiss banks seeking to avoid U.S. prosecution by disclosing how they helped Americans evade taxes asked the Justice Department this week to back off a dozen demands, including that they cooperate with other nations.

Key witness, Liechti, testifies in UBS tax evasion trial in Florida

The group has said that several offenders have since been arrested after the information was passed onto police, including in Australia, Poland and the United States.

Swiss officials search private bank Sarasin in German tax probe

Swiss authorities have searched the offices of private bank J. Safra Sarasin as part of a probe led by German prosecutors into dividend stripping, an investment strategy that can be used to help clients avoid taxes

Switzerland To Add Info Exchange Provisions To All DTAs

The Swiss Federal Council has launched a consultation on legislation for the unilateral application of the Organisation for Economic Cooperation and Development's Standard on the Exchange of Information to all double tax agreements that are not alrea

Australians confess to stashing $1b in assets offshore

The Tax Office is keeping a close eye on foreign banks as part of its push to stop money being sent offshore by wealthy individuals.

Too many tweets may make a Twit by Amber Melville-Brown, Withers

Jack Dorsey christened as ‘Twitter’ the product he created to provide ‘a short burst of inconsequential information’.

Swiss Banks on Own in Navigating U.S. Offshore-Account Requirements

Swiss Government Provides Little Guidance for New Justice Department Program

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

Swiss banks trying to distance from dodgy Indian clients

The challenge for these customers is to move the money to some other destination without leaving a trail

Bankers Face Bans on Buying Clients Shots, Bottle Service

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.

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

Italy, Switzerland DTA Talks Proceeding, Despite Problems

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

EU fines JPMorgan, UBS, Credit Suisse total US$120m

Antitrust: Commission settles cartel on bid-ask spreads charged on Swiss Franc interest rate derivatives; fines four major banks € 32.3 million

Tighter Grip Needed On Switzerland’s Gold?

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.

Legal,Regulation,Tax & Compliance