Managers of Wealth

Swiss push to unfreeze Egyptian assets

Switzerland was the first country to freeze funds related to the Mubarak clan and his entourage when the former president stood down.

Ireland to accuse European Commission of exceeding powers in Apple tax dispute

Ireland is appealing against the order to recoup 13 billion euros

China central bank to count off-balance sheet wealth management products in assessing banks' risk

The leaders also said it would keep monetary policy prudent and neutral in 2017.

UK Regulation round-up December 2016

Regulation round-up is our monthly email to all regulated firms, updating you on the latest news that affects your sector.

Ex-BSI banker becomes 2nd person convicted in Singapore's 1MDB probe

Prosecutors asked for a two-week jail sentence.

Turning tax policy into reality – Global tax transparency goes live

Achim Pross, Philip Kerfs, Paul Hondius of the OECD and Radhanath Housden of the Global Forum take stock of the progress made so far on offshore tax evasion

Italy to target non-doms with new tax regime

The regime is available for up to 15 years, unless the individual fails to pay the charges.

High Court dismisses mis-selling claim and clarifies standard of care required of financial advisors

In O'Hare v Coutts, the High Court dismissed a claim alleging that the defendant, a private bank, breached duties in contract and tort to use reasonable care and skill when recommending five investments that the claimants entered in 2007, 2008 and 20

This Christmas, give your loved ones a gift without the surprise tax bill

So what are the rules upon gifts?

Another blacklist, another hit list

What this faction wants is high taxes and, more importantly, tax harmonization.

Monaco strengthens international tax co-operation – ratifies the Convention on Mutual Administrative Assistance in Tax Matters

The Convention will enter into force for Monaco on 1 April 2017.

HMRC claws back celebrities' tax profit on empty data centres

Project backers Harcourt Capital said it expected its first tenants soon.

Founder and Staff of Alan L. Goldberg, CPA Join EisnerAmper

Led by founder Alan Goldberg, who joins the firm as a partner, the team of nine professionals will support and extend the capabilities and scope of the firm’s Personal Wealth Advisory practice.

Trio of banks hit back at €485 million rate rigging fine

However, responding to the fines, the three banks have said they did nothing wrong with Credit Agricole declaring that it would appeal the decision while the other two are still considering an appeal.

Citi Private Bank Law Firm Group and Hildebrandt Consulting Announce 2017 Citi Hildebrandt Client Advisory

Based on the data compiled in this year’s advisory, 2017 will likely be another year of modest industry growth in an uncertain and fragile global economy and market for law firm services.

Gibraltar must 'act fast' to meet Rops reforms

Overseas pensions offered from Gibraltar are most at risk of losing their 'recognised' status when the UK brings in a new rule requiring such products to be regulated in the country where they are established.

Brazil court drops tax case against billionaire financier Safra

The media office of the Brasilia-based Regional Federal Tribunal for the 1st Region said the decision favoring Safra was approved by the court in a 2-to-1 ruling.

Succession planning – the importance of protecting your business

However, through thoughtful and thorough family and business discussions and understanding your business's governance, you can take steps to minimise the risk of disharmony and/or expensive court actions by planning ahead

Loans from parents hit by inheritance tax

Once UK residential property owned indirectly is brought within the scope of inheritance tax, the same rules, exclusions and reliefs will apply as they currently do to all other property.

Judge tosses $500 million fraud case against UBS

An investment vehicle that incurred the loss.

Legal,Regulation,Tax & Compliance