05/23/2017
China to Lift Investment Suspension
The fund-raising is carried out through a wholly-owned onshore fund management company and within a set quota.
Legal,Regulation,Tax & Compliance
05/23/2017
PwC on the money with Close Brothers audit win
PwC is to take over from Deloitte as auditor of FTSE 250 UK merchant banking group Close Brothers following a formal tender process
05/23/2017
French authorities raid soccer stars’ homes in tax probe
Details of the players’ contracts appear to reveal they had avoided taxes by using offshore arrangements to receive payments related to their so-called image rights.
05/23/2017
Some Swiss cantons overwhelmed with confessions of tax evasion
The canton of Vaud did not provide any figures.
05/23/2017
Malta chairs 'awkward' EU talks on tax dodging
The minister, who said last Sunday that the Malta Files were "fake news", said on Tuesday that they contained nothing new because "you don't leak public data which is freely available online".
05/22/2017
German court rules J. Safra Sarasin to pay $50 mln over bad advice
It noted the case dated back to when it was majority owned by another business.
05/22/2017
Dutch banks tighten rules for trust offices after Panama Papers
Details of the changes were found in internal documents of Holland Quaestor, the sector lobby group, obtained by the Financieele Dagblad the paper said on Monday.
05/22/2017
UAE sin tax spells trouble for Swiss cigar maker
The proposed tobacco taxation may dramatically increase the price of cigars
05/22/2017
Standard Life and Aberdeen Asset Management £11bn merger to be probed by regulator
The Competition and Markets Authority opens an investigation which Standard Life says was triggered when it 'filed an application' over the proposed deal
05/21/2017
Formula 1 pays just £7m in tax despite having underlying profits of £350 million
The interest is used to reduce the profits for tax purposes under an agreement struck with Revenue & Customs in 2008.
05/20/2017
Muscat vows solid defence over Malta Files
If we don’t present a common front, irrespective of our political colour, it would endanger investment and jobs in Malta.
05/20/2017
Barclays Cartel Trader Ashton Draws $1.2 Million Fine From Fed
The Fed initially announced its plans to fine Ashton and bar him from the industry in August of last year.
05/20/2017
Cristiano Ronaldo facing tax probe with Real Madrid star accused of failing to pay full amount on £120million image rights
Spanish press say tax authorities looking into irregularities in returns between 2009 and 2011
05/19/2017
FATCA Leads To Record Numbers Of Americans Denouncing Citizenship
It serves no one, least of all investors and borrowers, to have fewer options in the capital markets.
05/18/2017
Wealth firm enters special administration
Strand Capital was bought by Optima Worldwide Group in 2014 for £982,389.
05/16/2017
Acquire a Second passport with a CBI program for High-Net-Worth Individuals
By owning nationality in a country with a high level of global access, you can circumvent the travel issues of your current nationality and remove the hassle and drama from international travel.
05/16/2017
Appleby advised China Everbright Greentech
This is the 15th Hong Kong listing Appleby has completed this year
05/16/2017
Banker loses case over £57k taken under UK-Swiss tax agreement
A Swedish banker who had £57,000 taken from her bank account by Credit Suisse to comply with the requirements of the former UK-Swiss tax cooperation agreement has lost a claim in the High Court for a refund of most of the levy from HMRC on the groun
05/16/2017
A “wealth tax” for South Africa? by Carmen Gers
This proposal comes two months after an increase in the top income tax bracket for individuals by 4% to 45%, resulting in an effective capital gains tax (“CGT”) rate for individuals of 18%. This should be seen on the back of the increase the C
05/15/2017
HK, UK regulators sign fintech agreement
Cooperation agreements are absolutely vital in fostering an environment of fintech innovation on a global scale.