09/30/2012
Thousands in Germany protest against wealth tax
Organizers said Saturday around 40,000 people took to the streets in 40 cities to demand a more equal society.
Legal,Regulation,Tax & Compliance
09/30/2012
Hedge fund founder reveals £34m tax bill
The 51-year-old admitted that he was not "whiter than white" and had paid an overall rate of just 39pc in the last financial year, as he makes the majority of his money from dividends rather than salary, which are taxed at a lower rate.
09/27/2012
Greece Seeks Taxes From Wealthy With Cash Havens in London
The London real estate market was abuzz.
09/27/2012
Libor interest rate riggers 'should face prosecution'
A report into the Libor rate rigging scandal says the system is broken and suggests its complete overhaul, including criminal prosecutions for those who try to manipulate it.
09/26/2012
Standards Commission told to set up bankers’ qualification
Mike Dailly from the Financial Services Consumer Panel argued this would also make it easier to deal with poorly behaved bankers.
09/26/2012
Former Credit Suisse banker arrested
"He was taken into police custody and extradition proceedings will commence at Westminster Magistrates Court tomorrow," a police spokesman said.
09/26/2012
Adjustments to FSA’s liquidity and capital regime for UK banks and building societies
The Financial Policy Committee has today published the record of its meeting held on 14th September - alongside this the FSA has published more details of the adjustments made to the liquidity and capital regimes for UK banks and building societies.
09/25/2012
Baker Tilly appoints new private client tax associate director
He most recently worked for specialist tax practices linked to the Lloyd’s insurance market.
09/25/2012
Alexander to end contracts for tax evaders
“Taxpayers’ money should not be funding tax dodgers,” he told the Liberal Democrat conference. “So I have tasked HMRC and the Cabinet Office to come up with a workable solution to this problem and we will set out more details later
09/25/2012
RBS Instant Messages Show Libor Rates Skewed for Traders
Royal Bank of Scotland Group Plc trader Tan Chi Min told colleagues the firm was able to move global interest rates, according to electronic messages the bank is trying to make secret.
09/25/2012
Rajiv Goel Sentenced To Probation And Fines
The US federal court in New York on Monday sentenced him to two years of probation, a fine of $10,000 and ordered him to forfeit $266,000.
09/24/2012
Tax taskforce will hunt rich targets abroad
‘Shady’ tax dodging millionaires who stash their wealth offshore will face a government crackdown, Vince Cable will say today.
09/24/2012
RBS Managers Said to Condone Manipulation of Libor Rates
Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired.
09/23/2012
Clegg outlines proposed tax changes
Nick Clegg pushes his wealth tax at the Liberal Democrats conference
09/23/2012
Clegg Seeks More U.K. Tax on Unearned Wealth, Top-End Property
“I want to reward people who put in a proper shift, not those who sit on a fortune; people for whom a bonus means a few extra quid at Christmas, not a million-pound windfall,” Clegg said.
09/23/2012
Make UK a tax haven to attract investment from millionaires, urges Tory treasurer
Lord Fink is director of investment firm ISAM, based in the Cayman Islands, a British overseas territory in the Caribbean.
09/23/2012
FSA demands new legal powers after Libor manipulation scandal
The Financial Services Authority is proposing tough new powers to tackle banking malpractice in the wake of the Libor-rigging scandal.
09/23/2012
Cirencester legal practice bolsters private client team
Managing partner Michael Grenfell said the move would support the firm’s expansion.
09/20/2012
IMA publishes final fund fee disclosure guidance
The Investment Management Association (IMA) has issued industry guidance on enhanced disclosure of fund charges and transaction costs incurred by UK-authorised funds.
09/20/2012
UBS ignored rules for profit, says "rogue trader" lawyer
Managers at Swiss bank UBS turned a blind eye when traders exceeded their agreed limits as long as the bank was making money from their deals, a lawyer for accused "rogue trader" Kweku Adoboli told a London court on Thursday.