Managers of Wealth

British banker behind £3million Lionel Messi tax claims killed himself

Prosecutors claim Messi, 27, and Jorge used shell firms in the UK, Switzerland, Uruguay and Belize to funnel off £3.3million between 2007 and 2009.

Tax haven buyers set off property alarm in England and Wales

At least £122bn of property in England and Wales is held through companies in offshore tax havens where ownership is difficult to trace, a Financial Times analysis of Land Registry data has found.

Companies (Jersey) Law 1991 - Significant Upcoming Amendments

Amendment 11 was approved by Privy Council on 16 July 2014. It was registered in the Royal Court on 25 July 2014 and came into force on 1 August 2014.

Leading international law firm enters South Africa via alliance

This collaboration will enhance the strength of the two firms’ international offerings, providing clients with immediate access to leading Africa practices with recognised expertise across multiple sectors including Energy & Infrastructure and N

Asset managers dodge 'systemic risk' regulatory bullet

Asset managers have dodged a regulatory bullet following a decision by US authorities’ that they do not pose a ‘systemic risk’ to the global financial system.

Trust case ‘momentous decision’ ruling has implications for future cases

The anonymised case dealt with the trustees’ momentous decision to sell a property which was a substantial part of the trust assets.

SEC Announces Award for Whistleblower Who Reported Fraud to SEC After Company Failed to Address Issue Internally

This whistleblower provided the agency with specific, timely, and credible information that allowed for a more rapid investigation

High Court delivers landmark ruling on staff poaching in broker row

Sunrise agreed to reduce his notice to six months followed by a further six month restrictive covenant

IHT receipts leap 10% as experts warn of worrying trends

Independent experts warned that there is not enough attention given to IHT planning by potential clients of IFAs and some of the future political scenarios advisers may have to face.

The only way is up for inheritance tax receipts - Richard Watkins, Close Brothers AM

Richard Watkins, Certified Financial Planner at Close Brothers Asset Management, comments on the latest inheritance tax receipts:

The top ten tax-free destinations where expats and non-doms don't hand a single penny to the exchequer

The country - which consists of more than 700 tiny islands - offers an excellent standard of living as well as 0 per cent tax on personal earnings.

Expats Not Exempt From UK Pension Tax

While the Budget attempts to operate under the guise of flexibility, there will be a couple of inevitable terms that could potentially make the idea of drawing the whole fund in one go a lot less appealing.

Financial Incentives for Whistleblowers - FCA

This note sets out our agreed conclusions.

Banking Regulators want bankers to accept criminal liability under new plans

Main City watchdogs want a new licensing regime for bankers, which could also see bonuses deferred by up to seven years

Threat to tax break for expats under consultation

Plans to disallow UK non-residents from benefiting from the personal allowance could mean those who work abroad for their companies are “significantly worse off

Swiss UBS pays millions to Germany in settlement over tax evasion

The Swiss lender also stands accused of aiding account holders from France and Belgium in hiding their money from domestic tax authorities.

MiFiD 2: what to expect in Switzerland?

The directive and regulation are not directly applicable to non-EU countries.

Swiss banks offering U.S. clients up to $5,000 to come clean with IRS

The Swiss firms can’t lessen their own penalties, and hence won’t be offering payments

For top financial diplomat, international cooperation suits Swiss banks

Despite a largely unaltered image abroad, the finance ministry official behind key international negotiations believes the Swiss financial sector will thrive after having signed data exchange agreements that some say spell an end to banking secrecy.

French economist hails progress against tax evasion; Swiss banks will continue to cheat

The economist says the incentives for bankers remain tempting.

Legal,Regulation,Tax & Compliance