Managers of Wealth

Old Mutual boss: More businesses like ours will break up

He says: “Old Mutual is not the only global financial services business thinking about restructuring. I suspect we will see more.

Clamping down on offshore financial centres would not raise tax revenue

As more investment capital is allocated across a diverse range of jurisdictions from investors around the world, the potential for multiple taxation increases.

UK Tier 1 investor visa applications among Chinese nationals soars by 56%. Roman Abramovich no longer interested in UK Visa.

Perhaps some very wealthy people may wish to consider other UK visa routes such as the tier 2 sponsorship licence and tier 2 visa scheme

The Little-Known IRS Agent Who Exposed the Biggest Scandal in Sports

Just in time for the World Cup, a new tell-all traces the criminal underbelly of “the beautiful game.”

Credit Suisse Reaches Agreement with Lehman Brothers

The agreement remains subject to court approval.

Former Raiffeisen CEO freed from custody, probe continues

The investigation is ongoing, but is so well advanced that Vincenz, and another former Aduno board member who was arrested at the same time, could be released from custody under certain conditions, the prosecutors said.

Tax shelter not just for the wealthy

The specially designed contracts being touted by Blackstone and other firms that service high net worth clients allow their clients to invest in a wide range of unique investments including hedge funds in a tax-free environment.

Cristiano Ronaldo tax evasion: settlement reportedly close

El Confidencial says the Real Madrid forward is near to agreeing a deal with the Spanish inland revenue that would ensure he avoids jail time.

Trusts (Amendment No.7) (Jersey) Law 2018 now in force

The Trusts Law is widely regarded as the international standard for offshore trust legislation

Swiss voters reject total overhaul of monetary system

Banks could only issue loans if they had acquired an equivalent sum from the central bank, other lenders or client deposits.

Beyond 25 May: The legacy of GDPR

The introduction of the rules has proved particularly timely following the Cambridge Analytica data scandal.

How tax compliance in Luxembourg is changing

With global accountability the ‘new normal’, it’s more important than ever to understand your tax compliance obligations in Luxembourg.

Wells Fargo plans to lay off 46 employees in Menomonee Falls

Wells Fargo said it would assist the employees in finding open positions within the company as well as provide outplacement services.

Ansbacher providing seamless solutions for tax reporting

Client requests have reportedly led Ansbacher to outsource a better and seamless tax reporting practice.

Ex-Rangers boss Walter Smith sues his wealth advisers

The court has previously said it will not force Smith to hand over the documents.

AJ Bell starts fee cuts on passive multi-asset range

AJ Bell has also fixed its annual management charge at 0.15%.

UBS Resurfaces in Malaysia Probe

Musa, the former governor of Sabah, a mountainous state on the northern tip of Borneo rich in oil, timber and palm oil, is in hot water in Malaysia.

$12 trillion ‘phantom’ corporate investment – it’s not just about tax avoidance by George Bull

Using the latest transparency data, a report from the International Monetary Fund estimates that multinational corporations have invested $12 trillion in empty shell companies. On top of that, around $7 trillion of personal wealth is held in tax havens. W

Credit Suisse Fined in Hiring Probe

This legacy matter did not impact the services provided to any clients, investors or counterparties.

SEC fines New York firm deVere US$8 million over UK pension advice conflicts

Investment advisers have an obligation to disclose direct and indirect financial incentives

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