Managers of Wealth

Defending the interests of tax dodgers

The end goal is to persuade clients to come clean by entering voluntary disclosure schemes.

Death knell for tax haven? Switzerland loses lustre, companies to head for departure lounge

The government is at pains to find a solution at a time when countries such as the U.S. are seeking to gain a competitive edge with their own business tax reductions

Offshore crackdown: a taxing time for the law?

HMRC has a considerable arsenal of powers at its disposal in this battle

Observers wary of FCA illiquid fund rethink

Some emphasised the principal issue remained the disconnect between illiquid assets and open-ended funds offering daily dealing.

Trump deregulation to have little impact on private banks

UBP head of private banking acknowledges compliance is an ever present cost, but still targets higher growth in Asia region

After Brexit, the UK tax system must not develop in isolation

The UK may be about to leave the EU but, in tax terms at least, it is not an island. Brexit and the evolving demands which will be placed on the UK tax system provide a once-in-a-lifetime opportunity to review tax policy and to create a tax system which i

Asset managers named in list of potential closet trackers

Schroders, Fidelity, JPMorgan, Henderson and Amundi highlighted by campaign group

Swiss Reject Tax Reform, Threatening Country’s Competitive Edge

The result was a clear sign to lawmakers that such proposals needed a social balance.

Swiss voters reject corporate tax reforms

Bern must rethink rules after 60% dismiss proposal to cut overall rates in referendum

CISE set to rebrand as TISE

The Exchange, which is headquartered in Guernsey and opened an office in Jersey at the start of 2015, will also launch a presence in the Isle of Man during next month.

Here’s the Republican Masterplan for Wall Street Deregulation

The plan comes after President Donald Trump on Friday signed a largely symbolic executive order that outlined an intention to ease banking rules

Panama's President Accused of Accepting Odebrecht Money

The accusation came from the founding partner of Mossack-Fonseca, implicated in an international tax-evasion scheme after police raided his office.

C Suisse client gets 7 months for hiding $200m

Horsky went to great lengths to hide assets overseas in order to avoid paying his share of taxes to the IRS

Credit Suisse Client Latest Test to Leniency in Tax Fraud Cases

Prosecutors urged a judge to send him to prison for 20 months.

How the Flash Crash Trader’s $50 Million Fortune Vanished

The extent of Sarao’s culpability for the flash crash is fiercely contested.

German, Swedish Banks Back Tougher Beneficial Owner Rules

Tougher beneficial ownership rules that make it easier to identify the true owners of companies would be helpful.

U.K. Becoming ‘Prime’ Tax Haven: EU Panama Inquiry Vice Chair

The “mainland U.K. is also on its way to a prime tax haven,” he said.

CSRC halts kickbacks on investor introductions

The kickback fee does not meet regulatory requirements and could easily induce illegal activities such as bribes.

World Tax Advisor

The guidance sets out the general indicators and principles of the hub risk framework that apply to both outbound and inbound goods and commodity flows.

Italy: Concept of beneficial ownership clarified

The tax authorities determined that the beneficial owner of the income was the ultimate US parent of the group and denied the lower rate of withholding tax.

Legal,Regulation,Tax & Compliance