Managers of Wealth

International fight against tax fraud steps up a gear

HMRC has formed an alliance with tax enforcement bodies in 4 countries to share intelligence and expertise in the battle against international tax crime.

Guy Wildenstein cleared of tax evasion for a second time in Paris

Franco-American scion of art dealing dynasty was accused of hiding art and other property worth hundreds of millions of euros from French authorities

Now the tax man is coming for average earners - so beware the financial 'cliff-edge'

In recent years British taxpayers have enjoyed welcome increases to the tax-free personal allowance and the amount they can inherit free of tax.

OECD launches largest source of comparable tax revenue data

“It is a vital foundation for tax policy reform and in supporting efforts to raise domestic resources to fund development”.

Landmark tax agreement to strengthen tax treaties enters into force with additional countries joining

The new signatures and the imminent entry into force of this landmark agreement underlines governments’ commitment to update the international tax rules and ensure they are fit for purpose in the 21st Century

SEC Proposes Whistleblower Rule Amendments

The proposed rules would, among other things, provide the Commission with additional tools in making whistleblower awards to ensure that meritorious whistleblowers are appropriately rewarded for their efforts

Appleby ranked 20th in top 30 Global Restructuring firms

In 2017, Appleby was a winner in the ‘small or regional law firm that impressed’ category at the GRR Inaugural Charity Awards Gala in London

Wealth Manager Beefs Up in Asia

Management of the Singapore based office will be selected from the companies existing executive team.

Bill of law transposing ATAD I submitted to Luxembourg Parliament

ATAD I is the answer of the EU to the recommendations formulated under the base erosion profit shifting (BEPS) initiative

Credit Suisse wins $300m broker compensation case

According to Laver, the bank deliberately agreed to the recruiting deal rather than selling the unit as a formal sale would have led to a change of control requiring the payments.

KPMG says audits for scandal-hit Malaysian 1MDB fund not ‘true and fair’ assessment

Mahathir has vowed to bring back billions of dollars allegedly stolen from the fund and to punish the culprits.

The US Supreme Court Wayfair decision's impact on the art market - Withers

This new development may negatively affect New York art merchants, who often arrange shipments of out-of-state deliveries using fine art carriers.

SIX watchdog fines BCGE for reporting violations

SIX Exchange Regulation sanctions Banque Cantonale de Genève

Lessons from Pugachev – trust considerations

The Protector also had positive powers such as to add beneficiaries and to remove trustees with or without cause.

Appleby advise on offshore aspects of £150m sale of Lombard Division

Working alongside lead counsel Addleshaw Goddard, Appleby provided multi-jurisdictional advice on the transaction, evidencing the collective strength of the team across the jurisdictions.

Not so innocent abroad: taxman targets income from foreign holiday lets

Big new financial penalties loom for people hiding any overseas earningsr

The 5th Anti-Money Laundering Directive and the art world

AMLD5 brings new challenges for ‘obliged entities’ including financial institutions, tax professionals, providers of virtual currencies and those trading in luxury goods – such as art dealers.

Middle East Legal Awards 2018 – Banking, Finance and Restructuring Team of the Year: Stephenson Harwood

What Iraq needed was twofold: support with several financings and refinancings, and an economic restructuring that would help plug its budget deficit.

OECD: MLI to rst enter into force on 1 July 2018

According to the terms of the convention, the individual signatories have to ratify the MLI in line with their domestic rules and deposit their ratication instruments with the OECD

Envestnet Announces New Partnership with Hancock Whitney Bank

Thirty-four of the 50 leading banks use Envestnet to help design, develop, and deploy a more profitable operating model for managing their client's retail, high-net-worth, and institutional businesses.

Legal,Regulation,Tax & Compliance