02/27/2019
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
02/27/2019
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.
02/27/2019
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”.
02/27/2019
Walker Crips blames Brexit for gloomy profit warning
Commentators expect other asset managers and platform firms to report similar woes
02/26/2019
Delivering connected thinking
Overall, the impact of globalisation is fairly poorly understood.
02/26/2019
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
02/26/2019
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).
02/26/2019
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.
02/25/2019
How the Super-Rich Avoid High Taxes
Their net worth often presents opportunities when tax planning to help protect their assets,” he added.”
02/22/2019
Transatlantic tensions over dirty money
The US and EU governments are unhappy with Brussels’ money laundering blacklist
02/22/2019
Leading offshore law firm advised on two award winning transactions
Appleby advises on several of China Business Law Journal's 'Deal of the Year'
02/22/2019
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.
02/22/2019
Australian watchdog finds widespread inappropriate advice at HSBC
The EU followed a proactive ASIC surveillance of HSBC's advice on retail structured products.
02/21/2019
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.
02/21/2019
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.
02/21/2019
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.
02/21/2019
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.
02/21/2019
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.
02/21/2019
Standard Chartered sets aside $900m for fines in US and UK
Emerging markets bank says funds will be used for ‘previously disclosed investigations’
02/21/2019
UBS CEO Says French Appeals Process to Take 'Several Years'
"The superficial nature of the verdict is astounding and does not even pretend to address the arguments we presented during the five weeks of the trial.