Managers of Wealth

The privacy risks of cross border investing

The FIs must then send this information to their local tax authority.

Citizenship for sale: Millionaire migrant visas boom

Overall, the case for retaining the Significant Investor Visa and Premium Investor Visa streams is weak and the Government should abolish these visas

Why China’s high-income earners dread the new tax law that will come into effect in January

Concerns grow over policies on bonuses and the 45 per cent levy on high-income individuals

FCA gets it right by banning Steven Cohen

UK regulator’s move to block the disgraced hedge fund manager is bang on the money

UK court allows officers to enter Mallya's estate, ‘take control of goods'

The order comes after Mallya lost a case in the High Court against the registration of the Bengaluru Debt Recovery Tribunal judgement in UK courts.

Major enlargement of the global network for the automatic exchange of offshore account information as over 100 jurisdictions get ready for exchanges

The network will allow over 100 committed jurisdictions to exchange CRS information in September 2018 under more than 3200 bilateral relationships that are now in place, an increase of over 500 since April of this year.

HMRC unit hunts for ‘hidden’ offshore assets of the wealthy

839 investigations into UK taxpayers hiding money offshore opened last year

Facebook co-founder: Tax the rich at 50% to give $500-a-month free cash and fix income inequality

He says he's made "half a billion dollars for three years of work" based on the value of his initial stock in Facebook, and his "lucky break" is exactly what's wrong with America today.

Oxfam makes call for public beneficial registers in Jersey

OXFAM GB has waded into the controversy around public beneficial registers by calling on the British government to force Jersey to introduce them.

Delaware gives ‘critical’ backing to ailing US beneficial owners list

The United States’ most nebulous jurisdiction has backed a bid in Congress to create a beneficial ownership register.

Ex-EFG Banker Sues over Sacking

Bank says a formal investigation had not upheld the banker’s claims

Tax residency and the UHNW nomad

Geographical mobility for the wealthy has in recent years become common place, and brings with it both challenges and opportunities which arise from choices made by the tax nomad on tax residency.

Requirement to Correct tax due on offshore assets

The RTC applies to people who pay tax in the UK and relates to Income Tax, Capital Gains Tax or Inheritance Tax for any period where HMRC could raise a review as at 6 April 2017.

Have You Heard About ePrivacy? The GDPR’s Bigger Brother

The GDPR does not consider metadata or the privacy of communication about or between legal entities

UK tax treaty anti tax avoidance changes to apply from 2019

Changes to many of the UK's double tax treaties will come into force next year in order to comply with internationally agreed measures to prevent tax avoidance.

Wealth Structuring And The Cayman Islands Foundation

The Law allows for the creation of a new form of company that allows the founder maximum flexibility to provide for its objects, management and supervision.

Private Wealth Briefing - Farrer & Co.

UK Real Estate Investment: Two Tax Updates

Interpol warrant for Indian diamond merchant to the stars

A red corner notice seeks the arrest or provisional arrest of wanted persons with a view to extradition.

Swiss gov’t seizes luxury cars of alleged 1MDB key player

The report stated that it was not clear as to what extent the cars were paid for with 1MDB funds

Indian Deposits in Swiss Banks Increase, But it’s Just the Tip of the Iceberg

Despite making tall promises, Modi govt.’s policies have failed to unearth both offshore and domestic black money.

Legal,Regulation,Tax & Compliance