Managers of Wealth

Schroders chief urges reform of UK rules to thwart private equity raid

Peter Harrison says ‘we have to improve the index’ for investors as he strikes ‘natural capital’ deal

Alleged Nickel Fraudster Swindled Millions for Lux Lifestyle

About S$119.7 million was attributed to investor withdrawals with S$64.5 million of outflows yet to be verified.

Inclusive Framework BEPS Agreement

Pillar One of the agreement is a significant departure from the standard international tax rules of the last 100 years, which largely require a physical presence in a country before that country has a right to tax.

Documents and testimony contained in request for indictments

The Promoter of Justice presses charges against Msgr Carlino, Crasso, Di Ruzza, Marogna, Mincione, Squillace, Tirabassi, Torzi, Brülhart and Cardinal Becciu. A synthesis of the 500 pages of documentation presented by the prosecution follows.

Regulation: The solution to Bitcoin’s risks and unrealized benefits

Distributed ledger technology is key to the promotion of cryptocurrencies like Bitcoin, which was launched in 2008.

The IRS’ 'Dirty Dozen' Tax Scams for 2021

The IRS warns people to be on the lookout for promoters who peddle false hopes of large tax deductions from abusive arrangements.

Opinion: The global tax revolution is coming

One hundred and thirty countries have reached an agreement on implementing a better system of taxation, under the aegis of the OECD.

Switzerland conditionally supports key parameters for international corporate taxation

A multilateral agreement should ensure that a proliferation of national solutions is prevented and thereby create legal certainty.

130 countries and jurisdictions join bold new framework for international tax reform

Pillar Two seeks to put a floor on competition over corporate income tax, through the introduction of a global minimum corporate tax rate that countries can use to protect their tax bases.

Asset Management Europe: Monthly Macro Insights – July 2021

The increase in global food prices has slowly started to feed into domestic consumer prices in some regions as retailers, unable to absorb the rising costs, are passing on the increases to consumers.

How can HMRC encourage more co-operative relationships with the wealthy and their agents?

“Wealthy” being anyone with an income over £200,000 per annum or assets of over £2m.

EBRD “at full strength to accelerate the recovery and the green transition”, President says

The Governors’ session on Thursday will launch a discussion, whereby the economies in which the Bank invests will be asked what help they need.

To the victor, the spoils: When UHNW divorce becomes a battle, this is how top lawyers win

High stakes mean that, despite efforts to make UHNW divorce less confrontational, the marriages of many still end in acrimonious legal battles.

Switzerland takes over presidency of Intra-European Organisation of Tax Administrations

The FTA has been a member of IOTA since 2006 and has been a member of the nine-member Executive Council since summer 2019.

EU watchdog: Insufficient transposition of legislation results in unlevel playing field against money laundering

For a start, the EU should use regulations in preference to directives wherever possible, given the need for legislation to be implemented coherently at member state level, he added.

Office of the Attorney General of Switzerland opens investigation

The Swiss investigation aims to clarify whether in relation to this complex of facts any offences could have been committed on Swiss soil.

French court rejects constitutional challenge by UBS in tax case

Lawyers for UBS argued in the appeals trial three months ago that despite whistleblowers coming forward

UK: Overview of the taxation of cryptoassets

Because of the volatility in the crypto market, actually valuing cryptoassets on disposal can be complicated.

Private client review for June

In this article, the June monthly update review for Tax Journal, Edward Reed and Mark Stichbury look at a number of private client developments.

BIS Annual Economic Report 2021

In the coming year, issues such as corporate insolvencies and capital and labour reallocation will come to the fore.

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