Managers of Wealth

Clients should use charity tax breaks’

Advisers should actively discuss the benefits of charitable giving as part of any tax mitigation strategy

Congress Urges Department of Justice to Use All Enforcement Tools Necessary to Go After U.S. Taxpayers with Undisclosed Offshore Accounts

Recently, the U.S. Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations held a hearing on the ongoing effort to collect unpaid taxes and penalties on offshore bank accounts.

Swiss: Money Laundered From Stanford Ponzi Scheme

The office says the investigation since Feb. 2009 is completed and all of the assets remaining in Switzerland will be returned to fraud victims.

Black money: Swiss exchanging 'lawful' info with India

With India stepping up its pursuit of alleged black money in Swiss banks, Switzerland says it is exchanging information with Indian authorities on all lawful requests

Americans abroad find citizenship too taxing to keep

If you don't want something, giving it back is often an option

U.S. judge says RBC liable in Rural/Metro buyout case

A Delaware judge said Royal Bank of Canada should be held liable to former shareholders of Rural/Metro Corp because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator.

Many HSBC swiss account holders may escape income-tax net

Those Swiss bank account holders who could play the staring out game with tax officials over the past three years may end up having the last laugh.

Credit Suisse Limbo, Mexico Networks, Fraud Appeal: Compliance

Thousands of Credit Suisse Group AG U.S. clients still don’t know whether tax authorities will learn their identities as prosecutors work to conclude a three-year probe of how the bank helped them evade taxes.

Bonus rules uncertainty reported as UCITS V draft unveiled

A requirement that managers of UCITS funds take at least 50% of their bonuses in the funds they oversee has created uncertainty in Europe’s asset management industry, though some say the matter has been overblown.

The ongoing ethics struggle of banks

The Swiss Bank Employees Association has told an uncomfortable truth: it was “generally known” that for many years some of their employers profited from customers’ “tax evasion.”

Private banker jailed for stealing to fund addiction

An private banker who stole nearly £600,000 from wealthy clients to fund his gambling habit has been jailed for two years.

Brewin Dolphin sues Charles Stanley over mass defection of staff

The case comes after six senior employees from Brewin Dolphin’s own Leicester office, including former branch head Ed Cufflin, left the firm back in March 2013 to open a Charles Stanley base in the same location.

Crowdfunding aggregator slams FCA intervention

Investors contributing tiny sums could be faced with multiple pages of paperwork, company founder claims.New regulatory rules governing investment into ‘crowdfunding’ projects could effectively alienate the small-time investors the funding mec

What price taxation? Swiss privacy and the truth about offshore banking

Nowhere was the unedifying hubris of the bankster classes more obvious than in Swiss real estate.

London HNWI buyers scared by tax changes

Even rumours of a so-called “mansion tax” were enough to stagnate the prime property market in London, a panel of experts heard today

Indiai posts officers in 7 nations to crack down on offshore tax evasion

India has recently operationalised seven new Income Tax Overseas Units (ITOUs) in countries like Germany, US and France.

Bircham Dyson Bell strengthens private client with Ambrose Appelbe merger

Bircham Dyson Bell managing partner Jesper Christensen said he had approached Ambrose Appelbe some time ago on a speculative basis, with a view to strengthening the firm’s family and private client teams.

Carey Olsen remains top offshore legal adviser to LSE clients

The Corporate Advisers Rankings Guide lists institutional advisers and their quoted clients.

Britain to scrap Bitcoin tax

The UK’s welcoming approach to Bitcoin contrasts with the approach of other countries, amid concerns about its use for tax evasion and money laundering as well as its notoriety for wide fluctuations in value.

Linklaters loses second capital markets partner in two months

Linklaters has lost another capital markets partner with the exit of Nigel Pridmore, who quit the firm last month.

Legal,Regulation,Tax & Compliance