09/20/2018
Unilad ‘resolving tax situation’ with HMRC
A petition has been made at the Companies Court to wind up a company linked to the website.
Legal,Regulation,Tax & Compliance
09/20/2018
Third Belgravia fraud suspect back in Jersey to face charges
From the Philippines to the Channel Islands
09/20/2018
How Puerto Rico Became the Newest Tax Haven for the Super Rich
A year after the tragedy of Hurricane Maria, the 51st state has become the favorite playground for extremely wealthy Americans looking to keep their money from the taxman.
09/20/2018
Wayne Rooney facing multi-million pound bill over controversial tax avoidance scheme that has gone bust
The footie star, who is settling into a new home in the US following his move to MLS side DC United, used film investment partnership Invicta 43 to shelter a total investment of around £12.5million
09/19/2018
Few countries are pricing carbon high enough to meet climate targets
New carbon pricing initiatives in some countries, such as China’s emissions trading scheme and renewed efforts in Canada and France to price carbon, could significantly reduce these gaps.
09/19/2018
Why discourage non-dom wealth when it’s never been needed more?
Jeremy Arnold from Withers LLP tells Spear's that political rhetoric, point scoring, and an avalanche of legislative changes have started to take a toll on non-dom taxpayers
09/19/2018
Spain rejects extraditing HSBC whistleblower to Switzerland
Hervé Falciani leaked details of HSBC clients whom he said he suspected were evading tax
09/19/2018
China Cybersecurity and Data Protection: What you need to know about China's own GDPR
The Standards are the first set of national standards on personal information protection and are a key step to implementing the personal information protection provisions in the Cyber Security Law.
09/19/2018
Pru and Old Mutual avoid sanctions after FCA closed-book review
Abbey Life, Countrywide, Old Mutual, Police Mutual, Prudential and Scottish Widows were singled out for further review.
09/19/2018
How Misplaced Trust in Advisors Contributed to Massive Fraud Against Pro Athletes
Among the factors that increase the chance of an athlete being defrauded is misplaced trust in financial advisors, business managers and family, according to the report.
09/19/2018
KPMG admits misconduct on BNY Mellon reports, says watchdog
A disciplinary tribunal will be convened to decide what sanctions should be imposed, the FRC said, adding that no client money or assets were lost as a result of the misconduct.
09/19/2018
UK Treasury’s ‘proactive’ approach to cryptocurrencies welcomed by deVere
The report concludes: “Regulation [is] needed for…crypto-asset market” and that the “ambiguity of the UK Government and regulators’ position is clearly not sustainable.”
09/19/2018
Iceland has made it illegal to pay women less than men
A new law in Iceland making it illegal to pay women less than men came into effect on January 1, 2018
09/18/2018
Continuing education enhances job opportunities in the financial industry
The working environment in the Swiss financial industry is becoming more complex, specialised and challenging.
09/18/2018
China’s new income tax laws to bring ‘profound implications’
In June this year, the Chinese government announced much-anticipated revisions to the country's individual income tax laws.
09/18/2018
Deputy: High-net-worth law vote ‘disappointing’
And the criteria for assessing such applications will be made clearer after Members approved another part of the proposal.
09/18/2018
Investigators home in on Deutsche Bank exec's 1MDB role
The Monetary Authority of Singapore has also quizzed Deutsche Bank about the extent of Ms Tan's involvement with the 1MDB account
09/18/2018
Trade wars step up, more to come
China may bide its time, but we expect they will follow with tariffs on a further $60 billion of imports from the US.
09/18/2018
HSBC steps up Singapore and Hong Kong hiring to cash in on Asian goldmine
The world’s ultra rich are continuing to settle in Asia with the number of HNWIs growing 12.1% to 6.2 million with total wealth holdings of US$21.59t, according to a study by Capgemini.
09/18/2018
Ogier remains in a league of its own with highest number of any offshore firm on Citywealth Leaders List
This is the second year running that Ogier has seen the highest number of any offshore law firm on the Leaders List.