02/24/2016
UBS Group AG: Tax Evasion Probe Completed by Prosecutors
UBS gets closer to a trial; looks forward to the opportunity to respond to unfounded allegations
Legal,Regulation,Tax & Compliance
02/24/2016
All interested countries and jurisdictions to be invited to join global efforts led by the OECD and G20 to close international tax loopholes
This new forum will provide for all interested countries and jurisdictions to participate as BEPS Associates in an extension of the OECD’s Committee on Fiscal Affairs.
02/24/2016
The rule of law in Africa: enforcing governance or scaring off foreign investors? by Kenny Chiu and Rita Chen
However, enforcing the rule of law in Africa against the backdrop of globalisation has not been without challenges.
02/24/2016
Court date set for Libyan sovereign fund dispute
The hearing is expected to run for four or five days, although the judgment may not come in the same week.
02/24/2016
Squire Patton Boggs and Carroll, Burdick & McDonough to Combine
Squire Patton Boggs and California-based Carroll, Burdick & McDonough today announce that they have reached a definitive agreement to combine firms.
02/24/2016
Feds Want UBS Forced To Give Up Taxpayer's Bank Records
The federal government asked a Florida federal court Tuesday to require Swiss bank UBS to cooperate with an IRS investigation into an American taxpayer allegedly holding funds at the bank overseas
02/23/2016
Financial impact of global probe could be significant: HSBC
The bank was “fully cooperating” with authorities, but warned that the resulting financial impact of the investigations globally could be “significant.
02/23/2016
Zac Goldsmith discloses £10m in income and capital gains since 2010
Conservative candidate for London mayor publishes tax returns for period since he became an MP, and calls on rivals to do likewise
02/23/2016
The EU and Monaco ink new tax transparency agreement
The agreement provides that Monaco and EU Member States will automatically exchange information on the financial accounts of one another's residents from 2018.
02/23/2016
Wealth manager WH Ireland takes fine, block on new clients
The FCA found that between 1 January and 19 June 2013, WHI failed to ensure it had the proper systems and controls in place to prevent market abuse being detected or occurring. WHI's failings, which amounted to a breach of Principle 3, included:
02/23/2016
Swiss Affiliate Bank in Middle East Responsible for Financial Mis-selling Fails to Comply With Court Ruling
The claimant will now seek to enforce the next step in securing the sum through the DIFC Court.
02/23/2016
New international law firm launches
The new firm also features a strong focus on key global sectors to provide clients with in-depth experience and expertise specific to their industries, including advanced manufacturing, energy, financial services, infrastructure, life sciences, natural re
02/23/2016
HMRC reports 'dramatic' returns on investment into UK tax investigations
Tax investigations expert Fiona Fernie of Pinsent Masons, the law firm behind Out-Law.com, said that HMRC was likely to want to "build on this success and ratchet up return on investment even further" over the coming year.
02/23/2016
PKF O’Connor Davies Grows International Footprint
Together we are in a unique position to serve the complex accounting, administration, tax and compliance needs
02/22/2016
Fears revealed over end to ‘tax havens’
Corporate earnings will plunge, stock prices will collapse, unemployment will soar and pension funds that depend on those stock prices will become impaired.
02/22/2016
Barclays accused of making 346 million pounds in ‘sham’ payments to Qataris
PCP's London lawsuit, which seeks £720 million in damages plus interest and costs
02/22/2016
HSBC’s Asia hiring practices probed by SEC
Based on the facts currently known, it is not practicable at this time for HSBC to predict the resolution of this matter, including the timing or any possible impact on HSBC, which could be significant.
02/19/2016
Cayman Islands: Private Trust Companies In The Cayman Islands
PTCs are a good option for very wealthy families who wish to retain a high degree of confidentiality
02/19/2016
Ed Goldman: Lawyer fees cross the $1,500-per-hour threshhold
The news was reported in the Wall Street Journal, quoting a report from Citi Private Bank’s Law Firm Group.
02/19/2016
Credit Suisse Said to Be Probed in Italy for Money Laundering
Bank also said to be probed for tax evasion in Milan case