Managers of Wealth

Geneva’s Corporate-Tax Fight Becomes ‘Mother of All Battles’

The new regime will improve the Swiss city’s competitive position, according to Credit Suisse Group AG.

SEC fines Wilbur Ross' firm $2.3 million over fees

An SEC investigation found that WL Ross advises the WLR Funds and other private equity funds, as well as separately managed accounts and co-investment vehicles.

Singapore’s private banks are coming under scrutiny

At least half the S$875 million ($650 million) of bonds that have failed since November were sold by private banks earning rebates.

The Pearl and The Oyster by William Ahern, Principal at Ahern Lawyers

AML type laws have, over recent times, forced banks and other financial intermediaries to cultivate lustrous “pearls of financial data” safe within the confines of the shell of privacy laws.

UBS whistleblower exposes 'political prostitution' all the way up to President Obama

Birkenfeld's book about the UBS Swiss banking investigation, Lucifer's Banker, is published in October.

Swiss court clears former Cayman banker of breaking bank secrecy laws

But the court dismissed several counts alleging the breach of bank secrecy laws.

Does tax avoidance have a future? by George Bull

When all is said and done, you either pay the tax due or you do not. You are a compliant taxpayer, or a tax evader. So does tax avoidance have a future? And what does the Cheshire Cat have to say about this?

Action required by non-domiciled individuals before 6 April 2017

This consultation, which has been a long time coming, provides some welcome and much needed clarification.

Brooks welcomes settlement in two-year trust legal tussle

The dispute relates to Brooks’ 2012 purchase of Channel Island fund manager Spearpoint, which had invested around £30 million in zero dividend preference shares issued by Origo.

UBS hedge fund whistleblower claims unfair dismissal

He is also claiming unfair dismissal and a failure of employer to pay.

Worldwide Disclosure Facility for offshore tax evaders effective 5 September

Unlike the LDF and other disclosure schemes, HMRC’s preliminary announcement suggests there will not be favourable terms available for settlement.

Hong Kong’s Markets Regulator Fines Morgan Stanley $2.4 Million

Under the resolution, the SFC reprimanded and fined MSHK $18.5 million for breaches of the Code of Conduct

Switzerland and Italy seek better coordination over Europe

Relations between the two nations currently centre on cross-border issues, trade and ties with the European Union.

Liechtenstein strengthens international tax co-operation

The Convention will enter into force for Liechtenstein on 1 December 2016.

Exchange Of Information In Switzerland

Tax rulings issued after 31 December 2009 may fall within the scope if suspicion of undue tax savings are found.

Rethinking Due Diligence and Manager Selection

Most are doing some due diligence, but from what I have seen, it has not been thorough.

Con doc published on taxation of UK non-doms and IHT for offshore companies holding UK residential property

A further consultation document was published on Friday 19 August 2016 providing more information on the proposed changes to the taxation of non-doms first announced in the Summer Budget 2015.

Proposed Changes to the Non-Dom Regime from April 2017

This briefing note focuses on the changes that will affect non-domiciled individuals who have been living in the UK for more than 15 years.

Former Falcon Bank chairman arrested in 1MDB probe

Investigators are looking into alleged fraud related to a Malaysian fund

Gordon Ramsey’s business partner gets jail time for tax evasion scheme

The fact that you are a wealthy and successful businessman should not exclude you from a custodial sentence.

Legal,Regulation,Tax & Compliance