Managers of Wealth

Italy grants non-dom status for first time (to former UK non-dom)

In order to qualify for this regime, the applicant has to have been non-tax resident in Italy for at least nine out the 10 years preceding their arrival in the country.

Wealth tax may ‘drive out’ Ireland’s rich

While other wealth-tax models, like the version paid in the Swiss canton of St Gallen, could raise up to €1.23bn a year, it would affect 52% of Irish households, the group said in an analysis of the merits of introducing such a measure in the budget

India huge market for Swiss banks: Rudolf Elmer

For Swiss banks have argued that Elmer has illegally revealed information about account holders that run contrary to Swiss law.

Moscow Musings: The Future of Offshore

We are very unlikely to see a return to the volumes of corporate business involving Russia seen by offshore finance centres in the past.

Swiss cite India's strong data security laws for auto-sharing banking info

The fact sheet and the notification, published in German, also talks about Switzerland looking to explore greater access to Indian market

Hedge fund manager charged for scamming investors out of millions

Among the alleged victims are a tight-knit group of relatives

Hong kong singapore and china get tough tax havens

In an effort to create a ‘level playing field’, Asian economies are committing to new standards of transparency

CRS/FATCA Deadline in the Cayman Islands: Final Extension

Deadline for new Notification (Registration) and Variation of Reporting (Notification) Obligations for US FATCA/CRS

Fidelity and Investec sign LGPS code of transparency

It comes after funds encountered difficulties in getting such data from asset managers.

PwC fined for Merrill Lynch compliance failure

PwC failed to fulfill its obligations during a period when Merrill Lynch exposed billions of dollars of customer assets to claims of its creditors.

Cutting IHT bills with the Residence Nil-Rate Band

For many families, their biggest exposure to inheritance tax, and their most important asset, is the family home. To help people reduce their inheritance tax bills, the new residence nil-rate band is being phased-in from 6 April 2017. We explain how to ma

Family Offices Included as ‘Investment Advisers’ Under IPO Allocation Rule 5131(b)

FINRA notes in the Letter that Family Offices may perform equivalent functions to regulated investment advisers, including investing the assets of a pooled investment vehicle or providing other forms of investment advice.

A Legal Guide for Business Investment and Expansion: Ghana

The GIPC is the main government agency responsible for the encouragement and promotion of investment in Ghana.

Would a Territorial Tax System Help Investors?

Total shareholder return likely would rise only slightly if repatriated, foreign-earned profits were no longer taxable in the U.S., a study finds.

International law firm battles global uncertainty to realise record revenues with five per cent growth

Firm reveals FY17 results

Deloitte Channel Islands Tax Bulletin 2017

Guernsey has also released notice 2017/5 which provides further detail on the application of CRS and US FATCA to pensions schemes.

Global Tax Digest - Eversheds

Italian Procedure Allows Voluntary Disclosure of the Existence of a PE

HSBC in Wider ‘Criminal’ Tax Probe on Swiss Private Bank

Most of the tax authority investigations concern HSBC’s Swiss private bank.

Another International Rogue Bank Ordered Shut

The provisional winding-up order for Saab Financial Ltd. was issued in April but only recently came to light.

Canaccord Genuity avoids substantial damages in lawsuit

The company is set to pay a now-closed Greek introducer broker, Medsted Associates, nominal damages after a court ruled it was in breach of contract.

Legal,Regulation,Tax & Compliance