10/24/2019
US Poised To Crack Down On Anonymous Shell Companies
The United States is one step closer to putting an end to anonymous shell companies with the Corporate Transparency Act passing the House of Representatives.
Legal,Regulation,Tax & Compliance
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.
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.