Managers of Wealth

Spain to increase income and wealth tax

‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’

Carey Olsen advises VinaCapital

The Carey Olsen team advising VinaCapital on all Guernsey aspects of its migration was led by corporate partner Ben Morgan and senior associate Gemma Campbell.

Tax policy implications of a Joe Biden presidency

Joe Biden campaigned on the premise that the benefits of the 2017 law are skewed to large corporations

Covid-19: FCA issues tailored financial resilience survey for TPR and SRO firms

Completion is not mandatory for these firms, but the FCA encourages them to complete the survey.

Heavy Fine For Julius Baer

Julius Baer has reached an agreement in principle with the U.S. Department of Justice to settle an investigation in the FIFA matter.

In the matter of the Arpettaz Settlement [2020] JRC 161

The introduction of so-called firewall provisions has, if anything, only reinforced that general position.

HMRC tax evader watchlist up 30%

When an individual is placed on the scheme the tax authority can inspect their home or business and perform checks on any part of their tax affairs without any prior warning.

Geneva Blocks Funds in U.S. Tax Case

The software billionaire is accused of code-naming nominees («King,» «Bonefish,» and «Snapper») on an offshore structure and used a charitable trust to hide assets.

Questions to Ask When Choosing an Offshore Jurisdiction

In this exercise, the questions are as important as the answers.

Deloitte Ex-Swiss Partner Wants Appeal Heard

Joseph reportedly earned Deloitte more than $200 million in fees as the point person for Credit Suisse's efforts to cleanse itself of U.S. tax cheats from 2012 until relatively recently last year.

Investment Firms Prudential Regime (“IFPR”) UK implementation – will you be ready ?

Firms should consider how prudential consolidation will apply and the way in which to meet any new requirements.

A new blueprint for financial regulation

HMT is proposing a new institutional framework for developing regulation in the UK.

UBS Sued for $500 Million by Chinese Tycoon Over Deal Gone Awry

It’s not the first time Guo has brought such a lawsuit, after failing to get the claim heard in New York.

UBS CEO Drops Anchor in Swiss Tax Haven

The canton abuts Zurich and is known for flat tax rates for billionaires but also for milder rates of income tax than that of, for example, the city of Zurich, where UBS is headquartered.

OFAC advisory notice highlighting potential sanctions risks stemming from dealing in high-value artwork

The Government usually takes this step—issuing a warning—as a precursor to embarking on some sort of action so that a target cannot later complain that it was not put on notice of the risks associated with violating a sanction.

Senior wealth management and financial advice figures gather for PIMFA’s virtual leadership summit

Among the subjects discussed were the Government’s view of the future of financial services regulation after the UK leaves the EU Single Market

CMA blocks investment technology merger

The CMA has ordered FNZ to sell GBST after finding their completed merger could lead to a reduction in the quality of service and higher prices.

FCA bans adviser trio jailed for sex offences

Russell David Jameson was an adviser at an authorised firm and approved by the regulator to hold influential and customer facing functions.

Key differences between Jersey and English commercial property transactions

The parties either appear personally before the Royal Court or appoint an attorney or authorised representative to appear on behalf of themselves or their company.

Federal Council adopts dispatch on Federal Act on Implementation of International Tax Agreements

Based on the consultation, the Federal Council clarified the bill from a content and linguistic viewpoint, ensuring in particular that the cantons are more involved in the preparation of mutual agreement procedures.

Legal,Regulation,Tax & Compliance