07/18/2016
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.
07/15/2016
“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.”
07/14/2016
Brokers would also need to publicly release the details on an aggregate level in reports, which would be posted on the SEC’s website.
07/14/2016
The newspaper said the enforcement proceedings could lead to a multi-year ban from working in finance among other penalties.
07/14/2016
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.
07/14/2016
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
07/14/2016
This is a major development impacting both Mauritian and Singapore investment structures which currently contribute around 50% of the foreign direct investment into India.
07/14/2016
The 2016 US presidential election year has included a significant amount of discussion about international taxation.
07/14/2016
Tax is on the political agenda worldwide and the topic catches headlines in all reputable media on a near daily basis.
07/14/2016
The former chief executive of BSI Bank in Singapore, Hans-Peter Brunner, is suing the Swiss bank for freezing his bonus two months after the Singapore regulator ordered that the bank be shut down.
07/13/2016
BSI and Swiss national Brunner "mutually agreed" in September that he would retire from the bank, according to court papers.
07/13/2016
MAS is expected to ask a number of banks, among them UBS, for further information about their dealings with the fund, these people said.
07/13/2016
The bank identified about 2,200 of its 35,000 Cayman Islands U.S. dollar accounts as high risk because of either suspicious activity or due to a lack of information about the account owners.
07/13/2016
Following the EU referendum, there is considerable uncertainty surrounding how Brexit will impact employers and employees in the globally mobile workspace. Whilst nothing is certain, there are a number of tax issues to consider for UK employers who are ei
07/13/2016
The FCA found that Mr Philip failed to meet the minimum regulatory standards in terms of competence and capability
07/13/2016
Criminal and civil sanctions for enablers of tax evasion
07/13/2016
The former chief executive, who was paid a £300,000 bonus annually by Signia on top of her salary, claims in the same document that Mr Caudwell asked her to take a polygraph test and offered to escort her to sessions for psychiatric help.
07/12/2016
The CRS Status Message XML Schema allows Competent Authorities that have received CRS information through the CRS XML Schema to report back to the sending Competent Authority, whether the file received contained any of the file and/or record errors.
07/12/2016
With a raft of existing and upcoming regulation to address, many asset managers said that they are looking for ways to minimise the reporting burden associated with both pieces of regulation, with some looking to reuse reporting and regulatory data.
07/11/2016
This will pave the way for a new offensive against Swiss banks,” he is quoted as saying.