Managers of Wealth

Top Indian tax team heads to Switzerland

India has been asking Switzerland to cooperate in these cases under obligations of the bilateral Double Taxation Avoidance Agreement

UBS to pay $5.2 mln in settlement with Puerto Rico regulator

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.

Ex-UBS Banker Gives Florida Jury Primer on Swiss Bank Secrecy

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

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

100 Swiss Banks Get Ultimatum: Hand Over Americans Or Face U.S. Prosecution

Since 2009, the U.S. has had unprecedented success with ferreting out offshore accounts. It started in 2008 with key court victories against UBS.

Former UBS banker fined in Switzerland for handing data to U.S.

A former banker at Switzerland's biggest bank, UBS, has been found guilty of handing over protected Swiss bank account data to the United States, according to a penalty order issued by the Swiss prosecutors' office.

Italy and Swiss ministers clash over failure to reach tax accord

Italian and Swiss ministers clashed on Monday over the failure to reach an agreement aimed at fighting tax evasion that foresees Switzerland opening up its bank databases to Italian tax authorities.

Foreign investment regulation - Trends in south east Asia

The Government has also increased its public commentary regarding its desire to ensure that the PNG national interest is protected and promoted.

Encouraging Enforcement: Moving towards a concerted international effort to see anti corruption laws enforced

There is a renewed enthusiasm in the international community to develop effective and co-operative anticorruption enforcement methods. Companies should consider how this will affect their business and where necessary, review the corporate responsibility p

Baker & McKenzie Appoints Two Mexico Partners to Lead Global Practice and Industry Groups

The announcement was made as part of the leaderships changes at the Firm's Annual Meeting, held last week in London.

A Popular Irish Corporate Tax Loophole Is Now Dead — Here Are Three Other Loopholes

The Irish have officially killed the much-loved corporate tax loophole known as the "Double Irish."

Former UBS high-flier set for US tax fraud trial

A former top-level UBS banker will stand trial in the United States this week accused of helping rich Americans evade millions of dollars in taxes.

Global Shell Games: Testing Money Launderers

The researchers could not find a single example of one company service provider in the Cayman Islands willing to set up an anonymous company but by contrast, it was easy to find a service provider in the UK who would do that.

Former IRS Chief, Taxpayer Advocate Criticize FATCA

This week brings a wealth of news in the FATCA arena, which we summarize in today’s post.

Managing the Requirements - and Costs - of Regulatory Reporting By: Tom Kirkpatrick, SS&C

The increase in regulatory reporting requirements has become a major challenge for many investment managers.

'Internationalisation' is the word of the moment in private client circles

The continued developments in the market have prompted law firms to reinvent themselves with a clear strategic objective of the clients they are pursuing and the segment of the market in which they wish to compete.

Establishment of the Charities Regulatory Authority - Matheson

Many of the provisions of the Act, which was enacted in 2009, have not yet been commenced.

French PM says millionaires' tax won't be renewed

Also today: why World Bank staff are happy a senior executive is giving up his bonus.

End of Swiss banking secrecy in sight by 2018

Long the bedrock of the Swiss financial sector, banking secrecy has come under mounting pressure since the global financial crisis.

Global law firm establishes presence South Africa

Johannesburg has become a key hub for local and international banks

Legal,Regulation,Tax & Compliance