01/05/2013
HMRC publishes Flickr gallery of 2012's 'top tax criminals'
Tax office posts pictures of 32 cheats, from cigarette smugglers to advisers working for rich clients
Legal,Regulation,Tax & Compliance
01/03/2013
Swiss Bank Pleads Guilty to Tax Law Violations
“There is no excuse for wealthy Americans flouting their responsibilities as citizens of this great country to pay their taxes, and there is no excuse for foreign financial institutions helping them to do so.”
01/03/2013
Luxembourg Improves Tax Transparency
The Luxembourg government has published a retrospective overview of the key decisions to improve tax transparency and cooperation in tax matters taken by the governing council in 2012.
01/02/2013
Why France May Scrap Its Planned Millionaire Tax
Politically, though, resuscitating the tax may be more trouble than it’s worth.
01/01/2013
Online investment sellers set to gain
These changes are intended to reduce the risk of commission payments acting as an incentive for mis-selling.
01/01/2013
FSA bows out with record fines
FSA expected to disband in April
01/01/2013
£5billion tax raid on British fortunes in Swiss banks... but we will never know identities of 'tax avoiders'
The actual number affected by the deal is unknown because Swiss banks are notoriously secretive about clients – but they are likely to include anyone from investment bankers to celebrities and criminals.
01/01/2013
How Colombian drug traffickers used HSBC to launder money
It was one of the most important leads for U.S. investigators pursuing a case against the bank that eventually led to a $1.9 billion settlement on December 11.
01/01/2013
FSA fails to crack down on bankers' pay
FSA staff have been holding back from launching enforcement cases and are instead opting for regular informal conversations with banks and brokers.
01/01/2013
FATCA: A new era of financial transparency
The IRS's powerful new tool chips away at bank secrecy.
01/01/2013
Fiscal cliff deal would hit the rich - but it could have been worse
The rich would see a much bigger tax bill under the fiscal cliff deal, but even they will get some nice breaks.
01/01/2013
Expats in Spain warned to declare offshore assets
The new rules come into force just a month after a tax amnesty ended. As reported, under that scheme, Spanish taxpayers with undeclared taxable assets were given the opportunity to declare them in return for having to pay no more than a flat 10% levy.
12/30/2012
Blow for Hollande as French court blocks millionaire tax
France's socialist president Francois Hollande suffered a setback as the country's highest court ruled his plans for a 75pc tax on its highest earners were unconstitutional.
12/27/2012
Swiss hint of U-turn reopens rift over bank secrecy
Switzerland's aim of preserving banking secrecy has been cast in doubt after the finance minister suggested all options are open, reopening the debate over a pillar of the country's economy.
12/27/2012
Porsche wins dismissal of $1bn hedge fund lawsuit
Porsche has won the dismissal of a lawsuit by 26 hedge funds that accused the German car maker of causing more than $1bn of losses by cornering the market in Volkswagen shares.
12/27/2012
Greek prosecutors comb through Swiss bank account list
Given to Greece for a second time by French authorities on December 21, the list contains hundreds of names of Greek account holders at global bank HSBC in Switzerland, which authorities want to investigate over suspected tax evasion.
12/23/2012
The Depository Trust & Clearing Corporation
The budget minister is at risk of losing his portfolio in an imminent shake-up, newspapers Le Parisien and Le Journal du Dimanche both reported on Sunday, citing unidentified government sources.
12/22/2012
RBS Wins Interest-Rate Swap Misselling Case - FT
The High Court on Friday dismissed the claim by Lancashire hotelier Paul Rowley
12/20/2012
UBS Willow Management Sued by Investor Over CDS Strategy
A credit-default swap is a contract that requires one party to pay another for the face value of a bond if the issuer defaults.
12/20/2012
US indicts Swiss bankers in offshore tax case
Three men who worked for unnamed bank accused of conspiring with US clients to hide more than $420m, says attorney's office