Managers of Wealth

European banks in money laundering scandals: what lessons for the EU?

Over the past few years, the European Union (EU) has strengthened its anti-money laundering rules and regulations.

Israeli court backs taxman on yachts

The court's recent ruling settled one of the disputed points: when a private yacht is regarded as having been imported into Israel and the time framework in which owners of private yachts can be taxed.

Time to act – Luxembourg’s UBO Register coming into force

All of these registers are designed to contribute to global government efforts to increase financial and business transparency.

High taxes on the super-rich are back in vogue

Tax would be levied on the combined value of all assets, including financial assets and real estate held both within and outside the US.

Barclays and Bank of Ireland sued over film finance tax evasion scheme

It said it was not possible to predict the possible aggregate impact of the litigation, but said it “could be significant”.

Walker Crips blames Brexit for gloomy profit warning

Commentators expect other asset managers and platform firms to report similar woes

Delivering connected thinking

Overall, the impact of globalisation is fairly poorly understood.

Guernsey welcomes UN PRI Climate Change Reporting Development

Guernsey is positioned at the forefront of the development of green and sustainable finance as a member of the UN’s International Network of Financial Centres for Sustainability

2019 will see the US as key offshore center as OECD’s CRS restricts global banking

Although there are some delays, in 2019 the vast majority of committed countries will be exchanging information under the Organisation for Economic Co-operation and Development’s (OECD) common reporting standard (CRS).

Switzerland and Ukraine sign protocol of amendment to double taxation agreement

The protocol implements the minimum standards for double taxation agreements and also adapts the DTA to the current treaty policy of the two states.

How the Super-Rich Avoid High Taxes

Their net worth often presents opportunities when tax planning to help protect their assets,” he added.”

Transatlantic tensions over dirty money

The US and EU governments are unhappy with Brussels’ money laundering blacklist

Leading offshore law firm advised on two award winning transactions

Appleby advises on several of China Business Law Journal's 'Deal of the Year'

What Families Of Wealth Need To Know About The New Tax Law

Tony McEahern and Dan Terlep of Cresset explore five opportunities provided by the tax law changes and how they may be of benefit.

Australian watchdog finds widespread inappropriate advice at HSBC

The EU followed a proactive ASIC surveillance of HSBC's advice on retail structured products.

Tax refunds are $11.5 billion behind our forecast: UBS

The economists, “with hesitance,” maintain their forecast for the additional $20 billion coming to households compared to last year by the end of May.

Why hiding wealth is now harder than ever for China's billionaires

China’s highest-paid movie star, Fan Bingbing, was ordered to pay more than $100 million in back taxes and fines in October after a months-long tax probe, sending a deep chill through the domestic film industry.

Appleby advised on 51 HKEX listings in 2018

Appleby acted as offshore counsel in listings on both the Main Board and the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange.

FCA fines asset managers for breaching competition law

The Financial Conduct Authority (FCA) has today issued a decision which finds that 3 asset management firms breached competition law. This is the FCA’s first formal decision under its competition enforcement powers.

Time to act – Luxembourg’s UBO Register coming into force

All of these registers are designed to contribute to global government efforts to increase financial and business transparency.

Legal,Regulation,Tax & Compliance