10/22/2018
Football crackdown nets £330m for HMRC
UK tax authority probe leads to inquiries into 171 players
Legal,Regulation,Tax & Compliance
10/22/2018
UBS quizzed about torn bonus notebooks by French prosecutors
De Fayet is on trial in Paris for allegedly helping employees at the Swiss bank, who crossed the border, seek out new French clients despite not having the right paperwork.
10/22/2018
France to lead Europe with regulation of ICOs
France is not the first country to look into whether and how ICOs should be regulated.
10/22/2018
World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe
Dubbed the Cumex Files, the investigation reviewed 180,000 secret documents from banks, stock traders and law firms over a period of more than a year.
10/22/2018
Returning expats face property tax bombshell
Wales and Scotland have different rules on stamp duty.
10/21/2018
Swiss banking secrecy rule dealt setback in month to forget
Swiss tax authorities announced they’d shared details on 2mn accounts with other countries for the first time as part of rules on information exchanges introduced last year.
10/21/2018
Whistleblowing About Swiss Banks' Bad Behavior Just Became Safer
Another whistleblower whose life has become very difficult after leaking is Rudolf Elmer.
10/21/2018
Mauritius Government Strengthens
This article discusses the enhanced measures implemented to strengthen the anti-money laundering legislative framework through the Financial Intelligence and Anti-Money Laundering Act.
10/21/2018
OECD issues guidance on 'golden passport' tax abuse
Financial institutions need to ask additional questions to prevent residence and citizenship by investment schemes being used as tools to hide assets from the tax authorities, the Organisation for Economic Cooperation and Development has said.
10/21/2018
Tax authorities update tax haven guide
Countries are deemed to be tax havens or to have a preferential tax regime if they apply a special beneficial tax regime to nonresidents (either companies or individuals) with a view to attracting capital and/or investment.
10/19/2018
Raymond James loses chance to snuff a lawsuit on upcharging fees
The lawsuit alleges that the firm overcharges, sometimes by up to ten times, its “processing fees” in certain accounts, according to the lawsuit.
10/19/2018
Rich Russian Kids Throw Wads of Cash Out of Bentley, Prompting Police Investigation
Street musicians performing outside the city’s Gostiny Dvor shopping complex are heard yelling: “Look, they’re throwing money!”
10/19/2018
Carey Olsen and Vistra advise on first Guernsey Green Fund
Carey Olsen partner Ben Morgan led the team advising on the Guernsey Green Fund designation and was assisted by senior associate James Cooke.
10/19/2018
Q&A - Reform brings Luxembourg Securities Law to the blockchain age
Luxembourg has opted to embrace and adapt to these technological developments.
10/18/2018
Vistra further solidifies presence in Ireland
With offices in Dublin and Shannon, Vistra Ireland helps clients forge their future success in Ireland with a comprehensive range of service offerings:
10/17/2018
Why Credit Suisse Was Ordered to Pay Ex-Broker Almost $1 Million
Nonetheless, the Finra panel ruled Chilton must pay back Credit Suisse an outstanding loan balance of $18,706, netting him an award of $844,621, InvestmentNews writes.
10/17/2018
Haven’s above: How ‘no deal’ Brexit could bring tax hikes or tax haven status by Chris Etherington
The hope, presumably, is that by lowering income taxes, the UK economy will receive a shot in the arm by supporting existing wealth-creators and attracting new ones.
10/17/2018
OECD clamps down on CRS avoidance through residence and citizenship by investment schemes
Moreover, a number of jurisdictions have committed to spontaneously exchanging information regarding users of CBI/RBI schemes with all original jurisdiction(s) of tax residence, which reduces the attractiveness of CBI/RBI schemes as a vehicle for CRS avoi
10/16/2018
Quarterly Investment Update Q3 2018
Markets are likely to remain volatile in the coming weeks but we think the underlying global economic backdrop remains sound and supportive for equities.
10/16/2018
PIMFA raises concerns over proposed extension of FOS award limit
The proposed increase will see levels rise from £150,000 to £350,000 and the trade association highlighted concerns about the potential impacts that the rise could have on the competitiveness of the market and the advice gap.