02/21/2013
Withers turns to Appleby for pan-Europe investment push
Matthew Feargrieve joins Withers’ Zurich office after three years in the offshore firm’s Swiss base
Legal,Regulation,Tax & Compliance
02/21/2013
Russia loses £52bn a year in tax evasion and illegal transfers, says bank chief
This could be the payment for the delivery of drugs or other goods forbidden to bring in too Russian territory
02/21/2013
Libor setting 'still not clean' despite scandal
He suggested that the rate was often "completely made up"
02/21/2013
Austrian Study Cautions Against New Wealth Taxes
Insisting that new wealth taxes are "utter nonsense" from an economic point of view
02/20/2013
Goldman private wealth client holds suspect Heinz account-filing
The U.S. Securities and Exchange Commission filed a lawsuit against unknown traders last week
02/19/2013
Sound remuneration policies on the AIFMD - Final guidelines released - Withers
The Guidelines follow ESMA’s consultation on the draft remuneration guidelines which closed in September 2012.
02/18/2013
FSA launch adviser charging review
FSA has launched a thematic review into the disclosure and delivery of adviser charging in the post-RDR regulatory landscape
02/17/2013
G20 ‘determined’ to address tax evasion by multinational companies
“We are determined to develop measures to address base erosion and profit shifting.”
02/17/2013
Leumi and Tefahot implicated in Los Angeles tax evasion case
According to an indictment against a former Israeli businessman, the alleged tax evasion took place between 2003 and 2010, and involved the opening of a bank account in Israel.
02/17/2013
Old Mutual under probe in London over Zimbabwe diamonds
Simultaneously, UK parliamentarians are calling for tougher measures against all Marange diamond miners, including naming them on the sanctions list, as well as asking for an investigation into one major City name – FTSE 100 financial services firm
02/17/2013
FSA Faces Legal Action over Mis-Selling Derivatives Review
The Manches-led group action has three months from the date the findings from the Pilot Scheme were announced to file the lawsuit.
02/17/2013
Tax incentives for corporate bonds on cards
Interest on corporate bonds tax-free was also being considered.
02/17/2013
IT Monkey Takes On Greek Tax Evasion
“We must organize services better and cut routine procedures.”
02/17/2013
France Unveils National Plan To Fight Tax Evasion
The French Government intends to ensure more effective implementation of bilateral tax agreements
02/14/2013
Switzerland, U.S. sign pact on fighting offshore tax evasion
The law requires foreign financial institutions to tell the U.S. Internal Revenue Service about Americans' offshore accounts worth more than $50,000.
02/14/2013
SEC to Move on Fiduciary Standard in Next Two Months
"Opinions at the commission vary a great deal on the costs that it would impose
02/13/2013
Offshore asset disclosure comes to Spain’s wealthy expats
From the start of this year, the Spanish authorities will be expecting these expats to reveal all.
02/13/2013
Statement from the SBA regarding the signing of the FATCA agreement
The SBA welcomes the signing of an agreement between Switzerland and the US for the facilitated implementation of FATCA.
02/12/2013
The Central Bank of Ireland Publishes Updated AIF Handbook
The AIF handbook also incorporates many of the changes requested by industry during the initial consultation process.
02/12/2013
OECD urges stronger international co-operation on corporate tax
Global solutions are needed to ensure that tax systems do not unduly favour multinational enterprises, leaving citizens and small businesses with bigger tax bills.