Managers of Wealth

Swiss Hedge Fund Regulations to Get Tightened, FT Reports

The regulations were proposed by the Federal Council and must be voted on by the country’s parliament, the newspaper reported.

One in 10 rich 'pay under 20% basic tax rate'

Almost one in 10 people earning more than £10 million a year is paying less than the 20% basic rate of income tax, the Treasury says.

French magistrate to examine UBS charges

An independent French magistrate has been named to examine the commercial practices of Swiss bank UBS AG, financial daily Les Echos reported on Monday.

Schroders produces KIIDs for Luxembourg range before July deadline

The British fund manager has marked 14 May as the day it will produce the information documents for investors - about six weeks before the 1 July deadline set by the European Union for regulated products.

Leading offshore law firm advises Cinven on CPA Global acquisition

The transaction proceeded by way of a Jersey scheme of arrangement and has received the required regulatory approvals and the sanction of the Jersey Royal Court.

International law firm expands Cayman's Private Wealth Practice

He joins Ogier from Gorvins in Manchester, where he was the partner in charge of their wills, trusts and probate team and led a number of client mandates across the trust sector.

Appleby launches new regulatory and financial services team ‎

Appleby (Cayman) has formed a dedicated Regulatory and Financial Services Team to provide advice to local and international clients on regulatory matters in the Cayman Islands.　　

France's Hollande Unveils 'Vast' Tax Reform Plans

Denouncing the legacy of outgoing President Nicolas Sarkozy’s five-year term in office, marked by accumulated debt of EUR612bn (USD799.7bn), by a proliferation of supplementary finance laws and incoherent budgets, aimed at maintaining the fiscal pri

Singapore may not escape India's offshore tax grab

Mauritius owes its tax status to historic ties with India, which resulted in a treaty signed in 1983.

Swiss Court Rejects Disclosure of Credit Suisse Client Data

Credit Suisse Group can’t disclose a client’s account data to U.S. tax authorities because a request for assistance last year addressed only tax evasion, which isn’t covered by a 1996 treaty, a Swiss court ruled.

UBS Likely to Win Ouster of Billionaire’s Suit, Judge Says

U.S. District Judge Andrew Guilford in Santa Ana, California today issued a “tentative” opinion rejecting Olenicoff’s lawsuit against Zurich-based UBS, the largest Swiss bank.

German Tax Office in Talks to Buy Swiss Bank Data, Spiegel Says ‎

One of the sets of data is information from the Zurich Coutts Bank, a unit of the Royal Bank of Scotland Group Plc, the German magazine reported.

Germany Outraged over Swiss Arrest Warrants

The move has gone down well in Switzerland, where politicians have praised the country's assertiveness. But it is unclear how the Swiss authorities will proceed -- the main witness is dead.

George Osborne faces revolt over 'tax on giving' as charity donations dry up

A powerful alliance of aid groups, charities and arts organisations is launching a full-frontal assault on Treasury plans to limit tax relief for philanthropists, warning that they will have a devastating impact on the culture of giving at the heart of Da

Legal,Regulation,Tax & Compliance