Managers of Wealth

Don’t play Midnight Cowboy with a midnight limitation deadline

The underlying proceedings at first instance concerned the calculation of the limitation period for a claim against trustees.

Hunt for alleged $1bn cocaine yacht owner leads to secretive Cook Islands trust

Exactly who the individuals are behind the tightly-guarded trust, which nine.com.au has chosen not to name

Mourant trusts lawyer makes list of Top 35 Under 35

The Top 35 Under 35 is well known in the trusts and private client sector, and is designed to shine a spotlight on the rising stars of the private client industry in the UK and the Channel Islands.

Sheffield Dis-United

The comprehensive decision will be an important precedent to consider in future shareholder disputes, particularly those involving a ‘deadlock’ situation.

Too Much Tax Leads To Expats Returning US Passports

American expats must report their worldwide income to the IRS with income, estate and gift tax returns.

US Expat Taxes Explained: Form 2555-EZ for the Foreign Earned Income Exclusion

To eligible to claim the FEIE on your US expat taxes, you must meet one of the two tests: Bona Fide Residence or Physical Presence.

Dubai Regulators Flagged Standard Chartered

Senior executives, including global private banking head Didier von Daeniken, were scheduled to meet Dubai regulators this month, the sources added.

£125m QROPS Tax Windfall Plan Flops For HMRC

The overseas transfer charge is paid by expats moving money into an offshore QROPS pension when the scheme is based outside the European Economic Area (EEA) in a place other than the country where they live.

Resident Money Market and Investment Funds return

The MMIF requirement for more detailed data and a tighter reporting timeline has, however, introduced new challenges to fund administrators.

StanChart Couldn’t Tell Regulator How Some Rich Clients Got Rich

Dubai authorities found numerous source-of-wealth breaches

Rubens and Hirst Among 46 Objects Donated to British Museums in £58.6 Million Tax Deal

The “cultural gifts” and “acceptance in lieu” schemes arrange tax breaks for the wealthy in exchange for valuable artworks going to the nation’s museums. Some say the arrangement has saved local cultural institutions.

Footballer Carjacking Attempt Reveals Threat to London's Super-Rich

That incident followed the attempted carjacking by an armed gang with mopeds when the two men were traveling together.

A Wealth of Opportunities

The total amount of individual wealth in China exceeded 146 trillion yuan ($21 trillion) last year

New IRS Procedure Provides Favorable Path for Non-Compliant Expatriates to Become Tax Compliant

This procedure, while limited in application, is an extremely favorable way for non-compliant U.S. citizen expatriates to come into compliance

New regulations benefit advisers and clients: Zurich WM

‘Hence, being classified as institutional client, instead of private client, will give them a much wider choice of investment opportunities.’

Luxembourg Falls Further Behind EU AML Rules As Companies Fail To Disclose Ownership

Luxembourg has approved a further delay for companies to register their beneficial ownership details after 53% of affected entities failed to meet the original deadline.

HMRC faces legal fight for handing Britons' data to US tax officials

Case may have implications for British citizens born in US, who risk having accounts frozen

The Advantages of Opening a Business in the Cayman Islands

Although the country is considered a tax haven, this jurisdiction provides a high level of trust as it follows international tax regulations.

Finma adds two Basel firms to warning list

The regulator’s list includes companies that may be carrying out unauthorised or unsupervised wealth management and banking services

London’s High Court freezes Maltese passport buyer's assets

Russian Billionaire is facing $1.3bn lawsuit

Legal,Regulation,Tax & Compliance