Managers of Wealth

No place to hide from the taxman – Seychelles signs automatic tax information sharing agreement

The country becomes the 46th jurisdiction to join the initiative launched by the G5.

Wealthy Finns reveal hidden assets as Swiss bank secrecy comes to an end

Finnish tax authorities were taken aback last spring when dozens of Finns with assets stored in Swiss bank accounts requested corrections to their tax data to reflect undeclared income.

Swiss completes tax-dodge payments to Britain, Austria

Switzerland said on Monday (Sep 1) that it had completed a programme to pay Britain and Austria hundreds of millions of euros in settlements for past tax-dodging by their citizens.

Banks agonise over US tax evasion ‘guilt’

Swiss banks are engaging in a game of cat-and-mouse by positioning themselves to the best advantage in a United States tax evasion scheme that promises non-prosecution in exchange for owning up to past offences.

International law firm Names Two Partners To Private Client Practice

With 26 offices across the globe, we are well placed to service our high net worth clients across Europe, the Middle East and Asia."

Pakistan seeks Swiss legal framework to recover stashed money

Pakistan has requested Swiss authorities to place legal framework to effectively exchange details of its nationals who have parked untaxed wealth in Swiss banks

Money laundering moving to RMB as US cracks down

Money launderers will increasingly move away from the US dollar to the renminbi as US authorities continue to crack down on international banks’ AML systems.

International TMT law firm appoints non-executive directors from Rothschild and BSkyB

Their appointments to the Board take effect on 1 September 2014

Credit Suisse Bid to Dismiss Wealth Client’s Suit Fails

Credit Suisse Group AG lost a bid to dismiss a lawsuit by a former private wealth client who is accusing the bank’s Singapore unit of failing to explain the risks of a complex investment product.

Time running out to own up to tax avoidance

Expats who have failed to pay their taxes may find the attractive option of using the Liechtenstein Disclosure Facility blocked, thanks to changes made to it recently.

Microsoft will not hand over overseas email, despite order

That prospect had drawn concern from technology companies - fearful of losing revenue from foreign customers worried that U.S. law enforcement might win broad power to seize their data.

Argentina Debt Crisis: Swiss Banks Call for New Debt Rules in Wake of Hedge Fund Case

The proposal comes while a number of nations are facing debt problems

Baker & McKenzie Advises Football Player Leonardo Ulloa on his Transfer to Premier League Team Leicester City FC

Baker & McKenzie has provided legal advice to high-profile striker Leonardo Ulloa, a former Brighton player, in relation to his transfer to English team Leicester City FC.

Jail for offshore tax evaders

The crackdown, which could make criminals of those ignorant of tax law or those who forget about assets, is contained in proposals made by HM Revenue & Customs earlier this month.

Companies find other ways to move offshore and avoid U.S. taxes

Some firms have left the U.S. system not through inversions but through buyouts by investment funds

Wickenby identifies $2b in tax liabilities

is review of the tax agency’s high-wealth individuals program found that between 2011-12 and 2012-13 the super rich had clawed back more than half (52 per cent or $477 million) of the $909 million the tax office disputed.

Creating a Family Foundation for Charitable Giving by Samantha Pritchard, Bond Dickinson

With the future funding capability of the Northern Rock Foundation still uncertain, charities in the North East may face the loss of a valuable, significant North East focussed donor.

Deutsche Bank fined £4.7m for failing to properly report transactions

The failure, which affected all Deutsche’s Equity Swap CFD transaction reports in this period, breaches FCA rules on transaction reporting.

Judge Wants More Facts On UBS Exec's Foreign Witnesses

The court denied Weil’s motion to obtain live video testimony

CFTC Orders Merrill Lynch to Pay $1.2 Million Fine for Supervision Failures

Firm’s Supervisory Failures over Fee Processing Led to Client Overcharges at Times

Legal,Regulation,Tax & Compliance