Managers of Wealth

The Future of Tax by KPMG

The most-pressing business issues and opportunities facing tax and business leaders today.

Considering climate change – the Guernsey Commission publishes updated Finance Sector Code of Corporate Governance

Climate change reduction targets will materially alter the economic world we live in over the coming years and may hopefully have a positive impact on our environment.

Regulator unveils updated Code of Corporate Governance at Sustainable Finance Week

Panelists discussed the positive impact of international collaborative bodies

ILS funds need to consider their ESG standards

ILS fund managers from outside the EU who market their funds to investors within the EU will also need to be mindful of the SFDR's disclosure requirements.

Measures to strengthen Switzerland's competitiveness in context of international tax policy

It is important for Switzerland to set the course now in order to be a competitive location with sustainable growth, innovation, attractive jobs and a high level of prosperity also in the light of the OECD/G20 work on international corporate taxation.

FSCS pays out £3.75m on Greyfriars claims

Greyfriars was declared in default by the FSCS in April last year, after the lifeboat fund received at least one eligible claim against the firm.

China's watchdog tightens rules for $1 trillion cash management market

The products regulated are those investing in monetary market instruments only and open for purchases and redemption on every trading day, the statement said.

Sustainable Bonds being regulated in Mauritius

The Guide places Mauritius as an attractive ESG hub to raise capital from international investors whilst bridging the gap for Africa’s financial needs to meet Sustainable Development Goals.

Navigating the US regulatory maze: What real estate managers need to know

At IQ-EQ, we are trying to help RE managers navigate the complex maze of SEC regulations.

Consultation Paper on the Codes and Guidance Documents proposed to be re-issued under Revision of Laws

The draft codes and guidance do not implement policy change but replicate the current codes and guidance with the incorporation of minor amendments such as updated references and new terminology where necessary.

Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

The website said that "using perfectly legal tax strategies, many of the uber-rich are able to shrink their federal tax bills to nothing or close to it" even as their wealth soared over the past few years.

Bahamas Responds to G7 tax proposal

The Bahamas reasserts its sovereign right to determine the tax structure best suited for the ongoing development of the country.

Carey Olsen advises Starwood on RDI purchase and TISE listing

The transaction gives Starwood controlled affiliates 100% ownership of RDI REIT after a c.30% stake was acquired in the property investment business from South African investor Redefine in July last year.

Whitman Am buys Kestrel Partners’ AIM Inheritance Tax Portfolio Service business

Kestrel and Whitman are working in close partnership to enable clients to transfer their AIM IHT portfolio management agreements

Non Fungible Tokens: Legal issues to be considered

Before the recent surge in the use of NFTs, creators faced limitations on the revenue that they could generate from their works.

British 'Treasure Island' tax havens face a tempest

The world loses out on $427 billion a year due to corporate and personal tax evasion, according to Tax Justice Network estimates.

Well Connected

The most recent development — which spans across personal data protection, investor protection and mitigates against money laundering, should be taken into careful consideration by those who plan to make use of the Wealth Management Connect scheme.

G7 Pact on Tax – What does it mean?

The proposals aimed to apportion taxing rights more evenly between countries and discourage profit shifting.

The HKMA Unveils “Fintech 2025” Strategy

In his opening remarks for a fintech seminar organised by the Hong Kong Association of Banks

Julius Baer's FIFA Woes Go to Extra Time

Even for an office where hyperbole is not uncommon

Legal,Regulation,Tax & Compliance