Managers of Wealth

'Untaxed Bermuda Triangle': Sinn Féin dissents as Irish Dáil backs Apple appeal

The commission ruled Apple had received favourable tax terms that amounted to state aid – illegal under EU rules.

Luxury clubs closed in China amid graft crackdown

Chinese officials often carry out their corrupt practices in discreet ‘members only’ clubs which allow only a handful of members.

Maldives: How do you launder $1.5 billion?

Swiss charge former UBS banker over German data sale

The CD related to assets worth 3.5 billion Swiss francs.

Ex-Ferrari F1 star sentenced to jail

The two men, both 48 years old, blamed each other for the fight at the then-trendy Hollywood nightclub and were both found guilty of the strangely Italian crime of mutual injury.

Retooling wealth management for the digital age

Wealthy investors are certainly getting more sophisticated in how they analyze their digital interactions

Tackling the hidden economy – the next big thing? by Andrew Hinsley

HMRC’s proposed measures to tackle the hidden economy are a sensible approach towards levelling the playing field for compliant businesses. Given the hidden economy is the largest single contributor to the tax gap, is HMRC’s resourcing and pub

Hong Kong regulator bans two ex-HSBC advisers for life

The District Court also found that Chau referred her customers to Chow so that he could obtain more sales commission

More Fines in Store for UBS and Credit Suisse

It was the largest legal settlement this year to date, and a harbinger for UBS and Credit Suisse, which are on the hook for the same selling practices.

Government support for public disclosure of country-by-country reporting poses risk to BEPS implementation

This is a significant victory for campaigners and positions the UK as a leading proponent of tax transparency within the international community. However, this decision by ministers is not without risk.

Apple's top lawyer fires back at EU over tax ruling

After being told the company owes $14.5 billion in back taxes, Apple's general counsel says the European Commission has its numbers wrong.

Boardroom ban for Irish chief linked to $16bn Ponzi scheme

Financial storm centres on Belvedere Management Ltd, which controlled billions of assets

Proposed amendment to Finance Bill could hamper implementation of OECD international tax reforms

The IRS made it quite clear that country-by-country reports will not be shared with any country that poses a threat to confidentiality.

MAS seeks more protection for wealthier investors

The timetable is in line with the central bank's statement almost a year ago, when it said it would submit the proposals in 2016.

Legal loophole on tax evasion to be debated at Westminster

The call for a review will come as an amendment to the Government’s finance bill on Monday and follows a series of Herald investigations that revealed how the Scottish-based firms were being used to launder profits from gun-running deals.

Finnish tax authorities to receive information about overseas bank accounts

Finnish tax authorities are set to broaden their collecting net on a global scale.

French ex-minister in court over tax fraud, money laundering

Cahuzac, who acknowledged evading taxes for two decades, faces up to seven years in prison and a 1 million-euro fine if convicted.

Hapoalim Asks to Act on Fishman Collateral

Move comes day before judge begins hearings on bankruptcy petition against fallen tycoon.

Barclays denies allegations of fraud

In court documents filed in the UK High Court on 1 September, PCP Capital Partners alleged that the GBP 7.3 billion capital-raising carried out in 2008 by Barclays constituted ‘a fraud on its shareholders perpetrated through a series of unlawful tra

BNY Mellon Says Ex-Atherton Owners Poached Bankers, Clients

The lawsuit names as defendants the new firm, Lyell Wealth Management LLC and its co-founders, all of whom worked for of Menlo Park, California-based Atherton.

Legal,Regulation,Tax & Compliance