10/24/2019
Private wealth specialist speaks on economic substance
While the economic substance rules introduced across jurisdictions are largely similar, there are nuances from one jurisdiction to the next.
Legal,Regulation,Tax & Compliance
10/23/2019
UBS Gets Boost From Wealthy Asians as Investment Bank Trails
Firm warns lower interest rates will hit lending income
10/23/2019
Swiss file first charges in Brazilian ‘car wash’ corruption probe
Swiss prosecutors said they had submitted the case to the Federal Criminal Court under an accelerated proceeding to conclude a case more quickly, in which an admission of guilt and acceptance of civil claims by the accused was required.
10/23/2019
OECD proposals will shift taxable profits away from tax havens and back to customer countries by George Bull
The OECD has published new proposals for taxing international consumer-facing businesses.
10/23/2019
Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits
In a normal world savers are expected to receive compensation for giving their money to the bank.
10/23/2019
UBS: We Might Have Fleeced Rich Clients
UBS intends to reimburse affected customers on a basis agreed with the relevant authorities.
10/22/2019
UBS, authorities eye client overcharges in Singapore and Hong Kong
UBS expects the relevant authorities will subject UBS to reprimands and fines as a result of their investigations," it said, noting that it had identified and reported the instances related to transactions between 2008 and 2015.
10/22/2019
Rich Russians Demand New Tax Breaks
Business owners want a European-style tax system.
10/21/2019
Dealing with Italian società semplici in a UK tax context
Most Italian domiciliaries become alert to international estate planning once they become UK deemed domiciled for inheritance tax purposes.
10/21/2019
Guernsey continues to develop China’s captive market
Another distinguishing factor is the existing co-operation agreements between Guernsey and China.”
10/21/2019
Brexit - the never ending saga
By Rupert Thompson, Head of Research at Henderson Rowe
10/18/2019
Fund management complaints remain low as customer redress shoots up
Investment complaints 2.1 per 1,000 products
10/18/2019
Summers Lambasts Warren, Sanders Plans to Tax Wealth of the Rich
Former Treasury chief says proposals likely unconstitutional
10/18/2019
Ex-RBS Trader Ruined in Film Scam Keeps $4 Million London Home for Now
Walsh said Greystone also submitted false documentation to the tax authorities on his behalf.
10/18/2019
Hong Kong’s Wealthy Residents Hold Cash As Protests Continue
Key findings of the report showed half of the family offices in Hong Kong anticipate a market downturn come 2020.
10/17/2019
The Vatican, a Chelsea property deal and Brexit
Pope Francis has ordered an investigation into a London investment by the body managing charitable donations
10/17/2019
Andrew Yang Rejects Elizabeth Warren's Wealth Tax
Warren argued that raising income taxes on wealthy American families is not enough.
10/17/2019
The impact of economic substance rules on family offices in the Channel Islands
The rules will only apply to family offices with Guernsey- or Jersey-based companies whose activities fall into one of the nine statutory categories ("relevant activities").
10/17/2019
FCA targets climate change and green finance transparency with new guidelines
The Statement identifies a number of priorities, which will provide a foundation for the FCA’s future work on climate change and green finance.
10/17/2019
Charity Commission releases report on whistle blowing disclosures made in 2018-2019
The top three subjects of disclosures concerned: safeguarding, governance and fraud/money laundering.