08/25/2014
Microsoft The Latest In Offshore tax Evasion Club
The technology giant is facing scrutiny amid findings that it is housing nearly $92 billion offshore in an effort to avoid as much as $29 billion in US taxes.
Legal,Regulation,Tax & Compliance
08/24/2014
Germany sues Switzerland's largest private bank for £100m over lost East German assets
The German federal department responsible for chasing lost East German assets has filed a complaint in a Zurich court against Julius Baer.
08/24/2014
UK recovers $498,000 from sale of criminal's Dubai home
A confiscation order was initially put in place in September 2012 for £417,031.52 and has now been fully satisfied following the sale of the apartment.
08/24/2014
Facing More Regulation, but Falling Short on Compliance
Firms in the financial services industry are known for being subject to a growing number of regulations.
08/22/2014
Private bank loses 200m case in DIFC
No figure for compensation was set but the family has been claiming over $26.5 million.
08/22/2014
Julius Bär sued for missing German millions
Switzerland’s largest private bank, Julius Bär, has been hit by a German demand to pay back €135 million in assets that went missing during the reunification of East and West Germany.
08/21/2014
HMRC removes some advantages of voluntary disclosure - Withers
The original purpose of the LDF when it was launched back in 2009 was to allow individuals with assets in Liechtenstein and undisclosed tax liabilities to settle those liabilities with HMRC on exceptionally advantageous terms.
08/20/2014
Standard Chartered fined $300 million over laundering controls
If a bank fails to live up to its commitments, there should be consequences
08/19/2014
Osborne goes after offshore evaders
Some £1.5bn has been recovered from offshore tax evaders over the past two years.
08/19/2014
Forget About Hiding Money Offshore!
The planning issue for anyone with an offshore undeclared account is framed in the context of penalty avoidance or mitigation
08/19/2014
Ogier Corporate Services shortlisted for prestigious awards
Ogier Corporate Services has been shortlisted for two awards at the prestigious ICSA Jersey Awards 2014.
08/19/2014
Securities law firm files FINRA Arbitration Claim Against Deutsche Bank Securities
The Glanmore fund invested in United Kingdom real estate and was managed by Tilney, an investment management firm owned by Deutsche Bank. Deutsche Bank recommended and sold the Glanmore fund to wealthy investors in Mexico, Central America, and South Ameri
08/19/2014
Goldman To Face Libya's Sovereign Wealth Fund In Court Over Trades
Goldman had filed a summary judgment application – a request to decide a claim without going to trial
08/19/2014
FATCA Intergovernmental Agreement Update
This will allow such not-for-profit entities to be treated the same way under UK FATCA as they are presently under US FATCA and US-Bermuda IGA Annex I VI B 4 j.
08/18/2014
Questions framed over future of tax rules for art gallery deals
Experts have raised questions about the future of beneficial UK-wide tax rules for art galleries in the event of a Yes vote.
08/18/2014
Macquarie Private Wealth remediation suggests a new approach from the regulator
With the enforceable undertaking (EU) against Macquarie Private Wealth moving into the remediation phase on Friday, it appears the regulator may be adopting a new template for tackling problems in the financial advice sector.
08/18/2014
Ex-SJP partner banned as a director for 13 years
Following an investigation by the Insolvency Service, the High Court Ordered that Carron should not act as a director, manage, or in any way control a company from 18 July 2014 until 17 July 2027
08/18/2014
Offshore company registrations on the rise
New company registrations increased in most offshore jurisdictions in the second half of 2013, according to Appleby, one of the world’s largest providers of offshore legal, fiduciary and administration services.
08/18/2014
Gibraltar Internationa Bank Clears First Regulatory Hurdle
The Gibraltar International Bank has received ‘approval in principle’ from the Financial Services Commission to its application for a licence
08/17/2014
Expats urged to review sources of UK income amid tax raid plans
Property owners and pensioners who face losing their personal tax allowances can take steps now to protect themselves, say experts