12/28/2011
Swiss private bank fined in U.S. over short sales handling
The Bank violated a U.S. regulation known as SHO
Legal,Regulation,Tax & Compliance
12/28/2011
Memo to hedge fund managers: It's a bad time to try to overachieve.
The Securities and Exchange Commission is cracking down on hedge fund fraud, and the first places they're looking are the firms that seem to be doing a little too well.
12/26/2011
How a wealth tax would pay dividends for Nick Clegg
A Christmas card with a difference has been sent to Liberal Democrat ministers and spokesmen: a prompt card listing key points they must make in every media interview.
12/26/2011
Black money probe: IT department decides to reopen tax returns of suspects
Faced with a number of cases of denial of secret foreign bank account holdings, the Income Tax department has decided to re-open past tax returns of such individuals in Mumbai and Delhi among others, in order to unearth black money stashed abroad.
12/08/2011
Why the GOP should hike taxes on the super rich
If Republicans want to put the Democrats' "tax fairness" canard to rest, they ought to push for a tax hike on the 'super rich' -- but not on the rich.
12/05/2011
Appeal Court vindicates FSB in battle with Dynamic Wealth
Judge Malcolm Wallis, who wrote the judgment, with four other judges concurring, found that Acting Judge AJ de Vos had erred in rejecting the FSB application.
12/05/2011
Top Manhattan art gallery accused of selling fake article
Pierre Lagrange, a co-founder of GLG Partners Inc., said in a complaint filed yesterday in Manhattan federal court that he paid $17 million for a painting called "Untitled 1950" from Knoedler in November 2007 that the gallery said was by Pollock
11/30/2011
Citigroup deal haunts Pandit as Saudis seek to reclaim fortune
Soured deals struck with wealthy clients are haunting Citigroup Chief Executive Officer Vikram Pandit.
11/29/2011
Top wealth firm in £10k trail dispute with Massow
In 2004, Muston had set up a £200,000 trust fund through an IFA in Birmingham, which was later taken over by Barclays Wealth. Aviva, the fund provider, then paid an initial commission of £5,000 to the IFA.
11/29/2011
Swiss not aware of US accusation details - Pictet
Swiss banks need to know what the U.S. is accusing them of to be able to negotiate a solution, Nicolas Pictet, president of the Swiss private banking association and a managing partner at Pictet & Cie. told Aargauer Zeitung in an interview.
11/28/2011
Germany's Greens push for higher tax on rich
The Greens have been riding high in opinion polls and could be well-positioned to form a coalition with their preferred partners, the centre-left Social Democrats (SPD), or Chancellor Angela Merkel's conservatives (CDU/CSU).
11/25/2011
Sars gunning for super-rich
Earlier this year, Sars announced that only 360 individuals earning more than R7-million a year, or with assets in excess of R75-million, were registered to pay tax.
11/22/2011
U.S. billionaires avoiding the taxman
U.S. billionaires avoiding the taxman
11/22/2011
Ex-UBS wealth chief ‘confused' over regulator's attempt to fine him
Ex-UBS wealth chief ‘confused' over regulator's attempt to fine him
11/21/2011
U.S-Swiss tax deal likely to happen in three-six months
"We are coming to an important phase in the negotiations. We should have, I hope, a deal in the next three to six months," Collardi told Swiss newspaper Le Temps in an interview.
11/21/2011
No verdict in case of Swiss ex-banker linked to WikiLeaks
Judge Peter Marti said on Thursday it was not clear whether the CD-roms Elmer had handed over contained data of bank clients in Switzerland or just in the Cayman Islands, Reuters reports.
11/21/2011
Former UBS banker turns up pressure on Swiss banks
A light sentence handed down on Friday for a former top UBS private banker who became a U.S. government informant on wealthy American tax cheats ramps up pressure on the Swiss banking industry.
11/18/2011
No verdict in case of Swiss ex-banker linked to WikiLeaks
No verdict in case of Swiss ex-banker linked to WikiLeaks
11/18/2011
UK ax boutique acquires Kleinwort Benson's unit
Private bank Kleinwort Benson said the increasing complexity of the UK tax regime means a "specialised external partner" would provide its clients with the best quality service.
11/15/2011
Should intelligence agencies chase tax evaders?
As tax evasion cases increase by numbers, former BND chief says tax investigations is not part of the firm's 'core competence'