03/11/2016
Ganek Suit Over Hedge Fund Raid Moves Forward Against U.S.
The unusual decision on Thursday means the government must provide evidence about its work to Ganek and perhaps defend itself before a jury.
Legal,Regulation,Tax & Compliance
03/11/2016
Spain’s monarchy drawn into banking scandal
In a leaked text conversation also involving the king, Queen Letizia pledges support for a scandal-hit banker whom she describes as her ‘yoga mate’
03/11/2016
Raymond James Fined for Enabling Client Privacy Violations
In several cases, customers had opted out of sharing their information or the customer resided in a state that required affirmative consent to share personal information, according to the regulator.
03/11/2016
Vaud moves ahead with phase out of controversial Swiss tax deals
Under current rules Swiss cantons can offer preferential tax rates to certain companies, mostly multinationals with most of their activity abroad.
03/10/2016
Bankers' bonus tax avoidance schemes so complex judges named them after Houdini are illegal, Supreme Court judges rule in a legal battle over bill worth £183MILLION
Ruling against UBS Group, AG and Deutsche Bank at Supreme Court
03/10/2016
Credit Suisse probed in Italy in tax evasion case: sources
Credit Suisse offices in Milan were searched by Italian police in December 2014 as part of an investigation by Milan prosecutors.
03/10/2016
National News: Statement from the Canada Revenue Agency on KPMG Investigation
The CRA wants Canadians to have complete and accurate information on these issues.
03/10/2016
FCA publishes a Discussion Paper on the client money distribution rules and the Special Administration Regime
Following the failure of Lehman Brothers in 2008, the Treasury created a specific insolvency regime for investment firms holding client assets, the SAR.
03/10/2016
Why the CRA’s ‘secret deal’ with KPMG’s clients in the Isle of Man scheme might actually be a good thing
It has all the makings of an Agatha Christie novel — except in this case the allegations aren’t murder, but tax evasion.
03/10/2016
First Conviction of Non-Swiss Financial Institution For Tax Evasion
2 Cayman Islands firms plead guilty to U.S. tax evasion
03/09/2016
The EU Succession Regulation: Spotlight on Cyprus - Harneys
In a Union where persons and capital are increasingly mobile and free movement forms a basic right, succession laws of the various Member States have not done a good job of keeping apace.
03/09/2016
Charitable and philanthropic structures in Jersey by Josephine Howe, Ogier
Whilst benevolent giving is generally done from the heart, it is of increasing importance to donors that it is also done with their head.
03/09/2016
Final Regulations Issued on Requirements for Certain Domestic Entities to Report Specified Foreign Financial Assets By David J. Moise, Jill Misener and Shira Peleg
The regulations went into effect on February 23, 2016, and apply to taxable years beginning after December 31, 2015. Failure to timely file Form 8938 may result in a penalty up to $50,000.
03/09/2016
Canada, OECD countries inch toward closing tax loopholes for the rich
Efforts begin to tighten banking rules that cost governments and taxpayers billions every year
03/09/2016
International law firm cannot rule out World Cup 2006 corruption
Among the events taking place is “The Law of Love”
03/09/2016
Ex-JP Morgan adviser jailed over £14m client theft
He was ordered by US district judge Analisa Torres to forfeit $20.2m and pay redress to JP Morgan.
03/09/2016
UBS, Deutsche Bank Escaped Bonus Taxes Like Houdini, Judges Say
The 12-year-old dispute involved taxes on two 90 million-pound $128 million employee bonus plans set up in 2003 to reduce liabilities on some bonuses the following year.
03/09/2016
Swiss Private Bank Loses Appeal and Pays the Sum of $35 Million
Justice has been served in a systematic and procedural manner by the justices of the DIFC Courts
03/09/2016
Swiss Re Said to Be in Talks to Buy Prime Reinsurance From Citi
An agreement hasn’t been finalized and talks could still fall through
03/08/2016
U.K. Judge Adjourns Tug-of-War Case over Libyan Sovereign Wealth Fund
Decision might be ‘premature’ if solution can be reached in Libya