Managers of Wealth

Biggest beer merger in history given goahead

The acquisition has been going through the courts for months over fears the proposed conglomerate would be in breech of anticompetition laws.

No official estimation regarding black money of Indians in Swiss banks

The funds, described by Swiss National Bank as ‘liabilities’ of Swiss banks or ‘amounts due to’ their clients.

New Conflict Of Interest Concerns: SEC Fines RIAs For BD Loans

Washington Wealth Management, now known as Kestra Private Wealth Services, was fined and censured $50,000 by the SEC for failing to disclose $1.8 million in loans from its broker-dealer to clients.

Transparency is not a one way street by Andrew Hubbard

Dispute resolution with HMRC has changed out of all recognition since the controversy over the “sweetheart” deals with Vodafone and Goldman Sachs. The latest annual report shows that while the process is a lot more rigorous, there are still a

Fight Goes on For Hong Kong Bank

We will vigorously resist Elliott’s attack on the Bank and its Directors.

Nordea blocks 68 accounts in Panama Papers investigation

In Nordea’s case, many of the alleged tax deals were said to have been facilitated by the company’s Luxembourg division.

Chairman of CJ Group, in custody for tax evasion, drops reappeal

Lee also asked for a stay of sentence due to health reasons, according to the group.

Whyte & Mackay Slammed For Paying Just £172K In Taxes

Whisky giants Whyte & Mackay have come in for criticism for paying just £172,000 in taxes despite recording profits of over £24million.

Singapore places UBS, DBS and Falcon under scrutiny over 1MDB transactions

Reuters reported that Switzerland's Falcon Private Bank and Coutts International, owned by Geneva-based Union Bancaire Privee, are also under scrutiny. UBS, Coutts, and DBS have all declined to comment on this matter.

Government Weakness Has Allowed Tax Dodging To Flourish

“It’s not just about clever companies,” O’Sullivan stressed. “Somebody has to create the tax haven for profits to be shifted in to, and many governments are willing to do that.”

SEC Proposes Making Brokers Reveal Where Client Orders Go

Brokers would also need to publicly release the details on an aggregate level in reports, which would be posted on the SEC’s website.

Swiss watchdog opens investigation into BSI's former Asia CEO: lawyer

The newspaper said the enforcement proceedings could lead to a multi-year ban from working in finance among other penalties.

‘Fortuitous’ Close Bros Equity Allocation Pays Off

Nancy Curtin, chief investment officer at Close Brothers Asset Management, said the fund came into 2016 slightly on the defensive, but still with enough exposure to risk assets to generate returns.

UK withholding tax on interest paid to non-UK residents - Withers

The current basic rate of income tax in the UK is 20%. Whilst there are various circumstances to which deduction of income tax at source is relevant, the specific purpose of this article is to describe the position that applies when UK source interest is

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