03/24/2016
Swiss Bank/U.S. Near Tax Settlement.
The U.S. has been aggressively tracking down Swiss accounts since 2008, hoping thereby to severely reduce this method of tax evasion.
Legal,Regulation,Tax & Compliance
03/24/2016
Credit Suisse to pay USD665,000 penalty to settle CFTC charges
The Order further finds that in March 2013, CSS-USA submitted to Enforcement
03/24/2016
Dutch given details on "hundreds" of taxpayers' Swiss accounts
For hundreds of other Dutch UBS account holders who did not lodge similar appeals, however, their information was already transferred to the Netherlands from Switzerland.
03/24/2016
Regulations improve Swiss investor confidence in hedge funds
Although hardly the most complex piece of legislation ever introduced, various questions have arisen in implementing the legal representative provision.
03/23/2016
Investors Sweet on Tax Havens
These funds took in $301 billion in net new money last year, bringing their total assets to $4.8 trillion, a 6.5 percent growth rate over 2014.
03/23/2016
Credit Suisse, CIA-Funded Palantir to Target Rogue Bankers
The Zurich-based lender plans to expand Signac to monitor all employee behavior, catch breaches of conduct rules, and eventually offer the service to other banks.
03/23/2016
FIFA official pleads not guilty to bribes
A lawyer for Takkas did not respond to a request for comment.
03/23/2016
OECD releases standardised electronic format for the exchange of BEPS Country-by-Country Reports
The Country-by-Country reporting template does not apply to groups with annual consolidated revenue in the immediately preceding fiscal year of less than EUR 750 million.
03/23/2016
International law firm announces launch of new integrated global team
This combination will bring significant advantage to clients by ensuring that work of the highest quality is delivered by the right people
03/22/2016
Swiss-Dutch taxation pact not applicable in UBS case, says Swiss court
A taxation pact between the countries does not extend to "group requests that do not include names of individuals", the Swiss court wrote in a statement after publishing the ruling on Monday.
03/22/2016
Disclosure of Beneficial Owners of Foreign Companies Holding UK Property
Whilst the main aim of the proposal is to tackle crime, corruption and money laundering it is quite likely that one of the aims is to collect beneficial ownership information so that the new rules in relation to UK Inheritance Tax for residential properti
03/22/2016
224 To Testify in HSBC Case
A judge has cited 224 Argentines under investigation for tax evasion and money-laundering, ordering them to give testimony over a high-profile scandal involving HSBC bank accounts held in Switzerland
03/22/2016
Proposals for bonuses to be tied to the number of senior women at financial institutions have been criticised by top City figures
Meanwhile, a new survey out today from executive search firm Wilkinson Partners and law firm Withers recorded a seven per cent increase in the number of female partners hired in the tax and private wealth sectors.
03/21/2016
Offshore to online: How money was laundered in the past
From investing to businesses to offshore bank accounts, past high profile cases highlight the many ways people hide money obtained illegally
03/21/2016
Bahamas: US to Probe Plot to Take Down Government and Tycoon Rival
Nygard is a major donor to Christie’s ruling Progressive Liberal Party
03/21/2016
Uber’s roundabout revenue journey to steer clear of tax
The smartphone app, which has raised more than $7bn (£4.8bn) in funding, and is valued at $62bn, is currently losing money as it ploughs cash into expansion.
03/21/2016
Taxman says 'We’re too busy to chase offshore cash': Revenue to miss £1bn evasion target by £780m according to watchdog
The alert was buried in the fine details of the OBR’s 260-page report on last week’s Budget.
03/21/2016
IBRC liquidators sue former Anglo chief
He then established Anglo’s private banking business in Ireland, which dealt with many of the country’s wealthiest people during the boom years.
03/21/2016
The lords of finance are losing their touch
Central banks are already doing the unthinkable - you just don't know it
03/18/2016
Convicted Libor trader Tom Hayes says he lost £1m of own savings
The agency is seeking at least £2.4m of bonuses he received at UBS and Citigroup.