10/12/2020
OECD drafts principles for $100bn global corporate tax revolution
Technical blueprint would upend taxation of US tech groups but still needs political agreement
Legal,Regulation,Tax & Compliance
10/11/2020
UK urged to do more to open up tax havens to public scrutiny
"It's huge news," Nienke Palstra, of Global Witness, told AFP. "They had been dragging their feet, even though it's been a legal obligation since 2018."
10/11/2020
Law firm survey 2020
Key findings of our latest law firm survey
10/09/2020
Exchange of information with 86 countries on around 3,1 million financial accounts
These countries have claimed technical difficulties due to the COVID-19 crisis.
10/09/2020
Wealth manager is among the latest additions to Finma's warning list
The list includes companies that may be carrying out unauthorised or unsupervised wealth management and banking services, having provided insufficient or falsified information to Finma, leading to inconclusive investigation results.
10/09/2020
Swiss prosecutors investigate Geneva private bank over Brazilian ‘Car Wash’ probe
The prosecutor’s office said it suspected a “lack of internal organisation within the bank that would not have enabled it to prevent the commission of the money laundering offence".
10/09/2020
Switzerland shared bank account data with 66 countries in 2020
This is part of an annual exercise since 2017 when Switzerland decided to implement a global agreement aimed at preventing tax evasion.
10/09/2020
The problem with a wealth tax
The latter poll had suggested a higher threshold – £750,000 excluding main homes and pensions, which might go some way to explaining its higher popularity.
10/08/2020
UK woman tried to fly to Dubai with $2.44 million in cash in five suitcases
Officers searched her suitcases and found the huge cash haul, the largest detection at the UK border so far in 2020.
10/08/2020
Foreign wealth management giants poised to tap China’s US$3.7 trillion market as new rules promise to cut risk
Europe’s biggest asset manager Amundi launched its majority-owned wealth management venture in Shanghai recently, becoming the first foreign company to do so
10/08/2020
Orwellian or All's Well? The UK tax authority's new powers and family offices
HM Revenue & Customs’ powers to obtain information from financial institutions are set to increase, with the requirement for taxpayer or tribunal approval to be removed. Although not yet in force, the legislation is at an advanced stage and will
10/08/2020
Carey Olsen retains best offshore law firm title
Carey Olsen has one of the largest trusts and private wealth teams in the offshore world with 50 partners and associates providing advice on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey and Jersey to local and internationa
10/07/2020
Weekly Tax Brief - 6 October 2020
There is a loophole where the regulations do not apply to employees who are contractually entitled to a longer period of notice than the law requires.
10/07/2020
Unexplained Wealth Orders: Suspected money launderer gives up £10m of property
Around £10m of property has been surrendered in a major victory against some of northern England's most dangerous criminals.
10/07/2020
Dubai's top court dismisses tycoon's $115m damages claim for superyacht
The court ruled that the challenge filed by Russian tycoon Farkhad Akhmedov on the judgements pronounced by two lower courts shall be deemed "groundless".
10/07/2020
EBRD Head sets out plan for resilient, “majority green” future
Under the proposed new strategy, on which shareholders will decide today, the EBRD will accelerate the transition to a low-carbon economy.
10/07/2020
Carey Olsen advises Nordic Capital on €6.1 billion fund
Working alongside international counsel Kirkland & Ellis
10/07/2020
Carey Olsen advises Capvis on acquisition of leading CRM provider
The Carey Olsen team was led by partner Daniel O'Connor with assistance from senior associate Arindam Madhuryya and associate Jordan Zubeidi.
10/06/2020
Lugano bank ‘seriously breached anti-money laundering regulations’
The breach is in connection with the handling of Venezuelan client relationships.
10/06/2020
New Swiss Laws Provide Solid Ground For Blockchain And Crypto
In short, it mentions every legal requirement for running a cryptocurrency exchange.