Managers of Wealth

French judges begin hearing giant tax case

The so-called France Offshore Affair has been in the headlines for years.

HSBC reveals it is being probed for helping clients dodge taxes

The banking giant also said offshore accounts of four Indians and their families were being probed by Indian tax authorities

Why Pay High Fees?

The resulting shortfalls in their assets will for decades have to be made up by local taxpayers.

Has the art market become an unwitting partner in crime?

Secrecy has long been central to the art world.

Banking & Securities Viewpoints - Deloitte

A biweekly digest for executives

One last chance to take advantage of offshore trusts?

Once deemed domiciled, their worldwide assets will be subject to UK inheritance tax.

Uzbek Probe Hits Lombard Odier

The news was first reported by Swiss magazine «Bilanz» in German.

Swiss Supreme Court Clarifies Illicit Fishing Expeditions In International Tax Assistance Procedures

It was enacted only to secure the due execution of international tax assistance inquiries.

Lawyers warn super funds to expect class actions

This is despite the law recognising a tolerance for investment strategy losses from the development of complex intermediated structures.

Cayman Islands vote could pull back veil of secrecy for businesses

The Cayman Islands, a U.K. territory long considered to be an offshore tax haven.

Adviser network Nexus Global expands to Latin America

Nexus was originally set up to offer its experience and expertise to European advisers in the areas of business strategy and compliance, and provide a regulatory umbrella.

RBC battles former executive after dropping Volcker strategy

Phiri first filed a lawsuit in New York State court in December against RBC's U.S. investment banking division

Appleby advises AshbyCapital on £217 million acquisition in London's Fitzrovia and subsequent refinancing

The acquisition included the purchase of units from Kaupthing ehf in two separate Jersey Property Unit Trusts.

Spanish princess’s husband gets six years over €6m tax fraud

She was accused of siphoning off money from a state-backed real estate company.

Wealthy individuals wary of special voluntary disclosure

Too expensive to encourage optimal uptake, tax experts say.

China regulators set new rules for asset managers as debt fears grow

The proposed new rules aim to unify the regulation of the asset management industry under leadership of the central bank in order to improve oversight of the sector.

Asset managers push back against UK rule change proposals

Chief among the regulator’s planned solutions was the creation of a single ‘all-in’ fee, to help investors better understand the cost of investing, including how much the fund pays to buy and sell investments.

Swiss want Plan B for tax reform by mid-2017

Most Swiss recognise the country needs reform to avoid being blacklisted as a low-tax pariah

Guernsey – a ‘BEPS-compliant jurisdiction’

Guernsey is continuing to take steps to build on its position as a BEPS-compliant jurisdiction. A year ago the island established a base erosion and profit shifting (BEPS) working party to assess the OECD’s October 2015 BEPS Action Plans, as well a

Citigroup settles on $5 million fine with South African authorities on forex collusion case

This figure does not exceed 10% of Citibank N.A.’s annual turnover in the Republic of South Africa.

Legal,Regulation,Tax & Compliance