Managers of Wealth

Booz & Company Approves Combination with PwC

Booz & Company's global partners have voted overwhelmingly to approve a combination with PwC.

Swiss banks fear being shut out of EU marke

The exact wording has yet to be approved, but MiFID II is likely to include the irksome demand that financial traders have a physical presence on EU soil to sell products to EU citizens.

France to remove Jersey, Bermuda from tax-haven blacklist

"As of today, Bermuda and Jersey have satisfied all of France's requests for information, which will enable them to avoid reprisals contained in the law," the ministry said in a statement on its website.

Tax Information Exchange – Where Are We Now? - Maples and Calder

Since the financial crisis there has been a marked acceleration in the number and scale of initiatives designed to enable states to get information about income its taxpayers earn abroad.

Bank levy is unfair, warns Standard Chartered boss

Richard Meddings says levy is unfairly focused on two banks — Standard Chartered and HSBC — which did not receive any taxpayer support during the financial collapse

Jersey Finance welcomes confirmation of removal from French list of non-cooperative jurisdictions

Jersey Finance has welcomed confirmation from the French Ministry of Finance that Jersey has been removed from France’s list of non-cooperative jurisdictions.

EFG International will participate in the US Tax Programme

Separately, EFG International is disappointed to report that its 2013 profit will be adversely impacted by a charge of approximately CHF 20 million following an unexpected outcome of a longstanding legal action in the UK to which it was a party.

Wealthy investors in Japan Shift Stock Before Tax Increase

Shareholders have been selling stakes, offloading stock to brokerages and buying it back the next day, or moving shares to asset-management companies they control, said Masakazu Kito, head of wealth management at the securities unit of Japan’s third

Deutsche Bank says not party to 'dividend stripping' tax issue

Deutsche Bank on Thursday said it did not expect to have to make payments to cover back taxes by clients, after some of its banking rivals ran into trouble over a tax rebate strategy known as "dividend stripping."

The Netherlands and US agree tax information exchange

The deal, known as a FACTA agreement, means the Dutch tax authority will be given information about Dutch nationals with tax obligations in the US and vice versa.

The complex tax lives of our foreign millionaires

Schroders' accounts fail to explain how much of his pay, bonuses, pension and other incentives were for one contract and how much for the other.

Rich countries failing to address money laundering and tax evasion, says OECD

llicit cash flows cost poor countries billions as wealthy nations fail to honour pledges to halt activity, claims damning new report

Finance firms contribute £65bn to UK tax coffers

The UK’S financial services contributed £65bn in taxes during 2012-13, rising £2bn from last year to make up more than one tenth of all revenues.

Appleby Reports Offshore Incorporation Activity For The First Half Of 2013

The number of new incorporations across the whole offshore region has fallen slightly compared with the previous six-month period but as the number of firms ceasing to trade has also dropped, this has allowed most registries to continue to grow. Many are

Legal,Regulation,Tax & Compliance