Managers of Wealth

Appleby Lawyer Named Private Client Lawyer of the Year

Who’s Who Legal has been identifying the foremost legal practitioners and consulting experts in business law using comprehensive, independent research for over 20 years.

Overhaul of the Capital Gains Tax Regime – Office of Tax Simplification makes bold recommendations

On the other hand, the recommendations represent such a ground shift that they could, if implemented, lead to a significant reduction in investment in the UK (particularly by foreign investors).

Irish Fund Management Companies: Time to Get Serious About Substance & Oversight

It is this commitment to the sustainable growth of the industry that requires the stakeholders to continually critically review the model to ensure it exceeds international best practice and maintains Ireland’s position as a Gold Standard jurisdicti

Spotlight Report – Emerging themes in our funds markets

Aside from COVID-19, Brexit lingers as a significant force impacting the global funds market, particularly the EU.

New York State continues to investigate tax evasion in art sales

In light of this announcement and broad anticipation that state authorities will increase investigations and prosecutions of sales and use tax violations in the art market due to the pandemic’s impact on state and local tax revenues

Founder of China property site with no profits worth $20 billion

So far it has worked out. KE sales surged 80% to 46 billion yuan last year from 2017, and it has become China’s largest platform for housing transactions and services — no small feat for a market whose real estate brokerage services are a $1.6

Deutsche Bank: Workers Should Pay 5% 'Privilege' Tax To Work From Home After Covid

As a basis for the argument, the bank says working from home is financially rewarding thanks to "direct financial savings" on expenses such as commuting, clothes and lunches, as well as indirect savings from things like reduced work-related soci

‘Corporations, Foreigners, And Rich People’ Face Wealth Taxes Says Former U.K. Chancellor

The government should raise corporation tax from 19% to 22%, says the think tank in a report co-authored with the Standard Life Foundation.

Fines on Swiss firms abroad will be tax deductible from 2022

Illegal payments such as bribes, kickbacks and commissions paid to individuals will not be tax deductible and treated on par with criminal law.

Who can benefit from Malta’s Fiscal Units which consolidate income tax?

The new legislation allows for this by giving companies the right to form Fiscal Units.

Information Notice has brought clarity to industry's questions over investment into cannabis assets by Guernsey structures

The position taken by the States of Guernsey in relation to cannabis investment follows the approval by the Assembly in June 2019 that businesses can grow and process cannabis in Guernsey for medicinal uses.

Are you preparing your first annual compliance statement?

It is time for trustees to send a first notification to the Competition and Markets Authority that they are complying with its investment consultancy and fiduciary management services order

FCA commences High Court proceedings over unauthorised collective investment schemes

Mr Forster has given undertakings to the Court which have the effect of freezing his assets worldwide, pending judgment.

International automatic exchange of information in tax matters: Federal Council brings Act and Ordinance into force

Parliament had already approved the amendments to the AEIOA on 19 June 2020.

FINMA publishes 2020 Risk Monitor

The year 2020 was clearly marked by the corona pandemic, which had a noticeable impact on the risk landscape in the financial industry.

FCA prohibitions highlight increasing focus on non-financial misconduct

These Final Notices confirm a trend we identified in our recent Top 10 Global Trends Regarding Investigations Involving Individuals: an increasing focus on non-financial misconduct.

Film star’s widow faces £21m fine over alleged Spain tax fraud

‘It’s an important reminder that tax problems don’t die with you’

Financial Regulation Update

FCA Primary Market Bulletin No 31

A shock is in store for international divorcing couples

Explain why this is the case

HNWs increasingly making £1m+ charitable gifts in Wills

There is currently an estimated £10.1 billion funding shortfall within the charity sector due to Covid-19.

Legal,Regulation,Tax & Compliance