07/12/2017
CRS remains the hot topic for Chinese private client sector
“Guernsey has always been at the forefront of adopting and implementing international legislation, and CRS is no exception,” said Miss Clouston.
Legal,Regulation,Tax & Compliance
07/12/2017
Firms suing Chinese fugitive Guo Wengui rush to claim his luxury New York apartment before sale
Despite its US$78 million price tag, the penthouse’s cost represents only one twentieth of the claims piling up against the tycoon in New York state courts
07/11/2017
Complex IHT Rules Spark Advice Boom For IFAs
They told researchers that changes in the law to allow extra relief on family homes and pension freedoms that can leave retirement savings outside the scope of IHT are challenging for non-lawyers.
07/11/2017
As Day of the MiFID Approaches, Specialist Brokers Advance, Not Retreat
As a result, many brokers are jostling for position on buy-side clients' research lists -- which are likely to shrink as asset managers adapt to paying directly for research.
07/11/2017
OECD releases the draft contents of the 2017 update to the OECD Model Tax Convention
As part of the 2017 update, a number of changes and additions will also be made to the observations, reservations and positions of OECD member countries and non-member economies.
07/10/2017
Wealthy tax cheats face squeeze with extra inspectors
We will appropriately impose taxes on rich people
07/10/2017
ILS will continue to drive risk financing efficiency
The event, hosted by Guernsey Finance – the promotional agency for the island’s finance industry internationally – was attended by 90 delegates from across the insurance, asset management and adviser communities.
07/10/2017
Why Is No–one Listening To Repeal FATCA Calls?
Since January, when he moved into the White House, the Trump administration has made several announcements about tax changes, but said nothing about FATCA.
07/07/2017
NAB Makes Corrective Disclosure To Customers About Relationships Within Its Wealth Management
The non-disclosure occurred when customers were advised to acquire products issued by NAB Group-related firms, including MLC-branded products.
07/07/2017
Latvian bank fined heavily over laundering scheme in France
It was part of its business strategy in France
07/06/2017
Bank Leumi: Germany's Moral Conundrum
Instead of charging ahead to follow up the leads provided by the Israeli data, German finance officials pondered the moral conundrum it presented.
07/06/2017
Major progress reported towards a fairer and more effective international tax system
The report, released today, updates progress in key areas of OECD-G20 tax work, including movement towards automatic exchange of information between tax authorities and implementation of key measures to address tax avoidance by multinationals.
07/05/2017
Action needed by trusts to comply with beneficial owner register requirements Karen Clark
Action is needed by trusts to comply with a new requirement for a beneficial ownership register for trusts operated by HMRC. New trusts within the scope will need to register by 5 October 2017 and information on existing trusts must be provided by 31 Janu
07/05/2017
China to impose 3 pc VAT on asset managers’ returns from January
The 3 pc VAT, imposed on returns of funds under management, is lower than a 6 pc rate that was due to come into effect on July 1
07/05/2017
Indonesia, Switzerland to Exchange Financial Data in 2019
Indonesia managed to make more than 900,000 taxpayers declare their previously unreported assets during he government's nine-month tax amnesty program.
07/05/2017
Germany 'pays millions' for leaked data
Some of the approximately 11.5m documents from Panamanian law firm Mossack Fonseca were leaked initially to Germany's Süddeutsche Zeitung and then to other news organisations in co-operation with the International Consortium of Investigative Jou
07/05/2017
Investment Funds as Complements to Trust Structures by Christel Sands-Feaste
For many wealth planners and clients, the trust is the gold standard
07/05/2017
Asset Managers Unlikely Winners as FCA Targets Consultants
Below is a breakdown of which parts of the industry are likely to be hurt most by the recommended changes and which could benefit.
07/05/2017
SARS sets sights firmly on high-net-worth individuals
High-net-worth individuals will find themselves under greater scrutiny from SARS in the immediate future.
07/04/2017
Ignorance no longer bliss, as transparency roils India’s wealthy
TP Janani of Nishith Desai Associates explains the far-reaching impact of information exchange on India’s HNIs and UHNIs.