Managers of Wealth

Worlds biggest corporate tax haven its no paradise island

They began their research by comparing the profits made within a country to the amount of corporate activity.

The use of UK holding companies in international group structures – tax considerations

Until quite recently, the UK was not always a good choice for the Holdco location due to potentially high UK tax charges on inbound dividends and on capital gains.

Nathalie Dauriac claims victory

Nathalie Dauriac became embroiled in a dispute with John Caudwell

Ex-Goldman Banker Succumbs in 1MDB Probe

The German native and Los Angeles resident was nabbed while leaving his home in Austria two months ago, the website reported.

DAC 6 to give teeth to BEPS in the EU

DAC 6 to give teeth to BEPS in the EU - New disclosure rules for advisers and clients on cross-border transactions

How a Sneaky Furniture Expert Ripped Off the Rich and Tricked Versailles

Bill G. B. Pallot wrote the book on 18th-century French furniture and passed his knowledge on to his student Charles Hooreman.

U.K. Behind on Laws to Target Hidden Offshore Wealth: Tax Agency

Banks, asset managers, and trusts all fall under the financial entities required to report with the CRS

Kenya, Switzerland sign pact to return stolen wealth

The framework, which is in line with the United Nations Convention against Corruption, provides the principles to guide the recovery of stolen assets.

IRS Deems Transfer of Artwork to Museum a Completed Gift

Sometimes, a client’s personal goals can conflict with optimal tax planning and produce disastrous results.

Big Four, big influence: architects of corporate tax avoidance embedded in EU policy-making to fight the problem

The proposal intends to force corporations to pay tax where they generate profit, rather than shifting profits to tax havens, by requiring them to publish information on every country they operate in.

Two firms linked to multi-million euro tax fraud involving Cristiano Ronaldo are based in Dublin

The Real Madrid star was last month handed a two-year suspended jail sentence and fined €18.8million after reaching a deal with Spanish authorities over tax evasion

China May Delay New Rules for Wealth Management Products: Caixin

CBIRC is likely to adjust the limit for bank wealth management products' exposure to non-standard investments, known widely as "shadow banking" products, one of the people told Reuters at the time.

UK withholding tax on interest paid to non-residents

The UK does still have one significant disadvantage namely the 20% withholding tax imposed by UK domestic law on “yearly interest” that arises in the UK is paid to persons whose “usual place of abode” is outside the UK.

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

Legal,Regulation,Tax & Compliance