03/03/2017
Global transparency drive may catch more firms than Fatca
Whereas Fatca only applied to US taxpayers, CRS casts a wider net and impacts significantly more people and institutions.
Legal,Regulation,Tax & Compliance
03/03/2017
EU Mulls Tax Sanctions for Countries Branded Tax Havens
All of the sanctions could apply to an EU company doing business within a jurisdiction that ends up on the EU tax haven blacklist.
03/02/2017
More high-net-worth individuals in Middle East buying second passport
There's also a growing demand for second citizenship from expats in region
03/02/2017
Report of the Public Accounts Committee on taxing high net worth individuals
The Report provides details of various measures intended to assist HMRC in the collection of tax.
03/02/2017
US$321b: Fines paid by world's biggest banks since financial crisis
Managing those costs will continue to be a major task for banks
03/02/2017
Lawsuit against UBS over Enron collapse is dismissed
The plaintiffs chose to sue independently of other Enron investors who pursued similar claims in nationwide litigation.
03/02/2017
Top tax official not sure of losses with €10bn transfers offshore
The files containing the information provided by banks to its central computer system.
03/02/2017
Swiss Asset Management Revamp
It is designed to enable the Swiss asset management to take full advantage of it growth potential and to strengthen the identity as an independent wealth manager.
03/02/2017
UBS will substitute issuer of future loss-absorbing AT1 capital instruments and current and future TLAC-eligible senior unsecured debt
At that point, we also expect to substitute UBS Group AG as issuer of outstanding capital and debt instruments issued by UBS Group Funding (Switzerland) AG.
03/02/2017
KPMG offshore tax dodge a 'facade' designed to hide money, ex-client says
Accounting firm's contracts with federal government questioned
03/01/2017
First Circuit affirms insider trading conviction for stock tip written on clubhouse napkin
This decision comes in the wake of a series of recent insider trading decisions.
03/01/2017
IRS Audits to Go After Offshore Earnings and Transfer Pricing
Agency has a new series of 13 audit campaigns narrower than previous broad approach
03/01/2017
Latham & Watkins launches new resource for investors in africa
New comparative guide helps investors navigate the legal systems when investing in some of Africa’s major economies.
02/28/2017
Mourant Ozannes successfully opposes unprecedented scheme of arrangement
Minority shareholders would have received a 43.6% discount to the net asset value of Puma.
02/27/2017
HSBC discloses tax evasion probes in India, other countries
HSBC further said it has set aside USD 773 million over Rs 5,000 crore as a provision for various tax- and money laundering-related matters.
02/27/2017
HSBC cuts legal spend by US$1bn
The company also faced tax-related investigations in the US, France, Belgium, Argentina, and India.
02/27/2017
French judges begin hearing giant tax case
The so-called France Offshore Affair has been in the headlines for years.
02/27/2017
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
02/27/2017
Why Pay High Fees?
The resulting shortfalls in their assets will for decades have to be made up by local taxpayers.
02/27/2017
Has the art market become an unwitting partner in crime?
Secrecy has long been central to the art world.