Managers of Wealth

Growing barriers to entry for hedge funds

Before launching an onshore vehicle, most smaller managers first set up a more cost-effective offshore version to grow their assets.

In the Courts in 2015: an Appleby review of offshore court decisions

Welcome to the fourth annual issue of Appleby’s round-up of significant decisions of the courts over the course of the preceding calendar year. It is compiled by members of our Dispute Resolution Group in Bermuda, the British Virgin Islands, the Cay

The Global Tax Reset - Deloitte

Country by Country Reporting and EU Anti-Avoidance Package

AIMA calls for Regulatory Reforms to support Non-Bank Finance

AIMA makes the case that rules should allow greater asset managers’ participation in securitisations in order to support the supply of finance to small and medium-sized enterprises.

Barclays has been hit with a lawsuit for nearly a £1bn

The bank said in a statement: “We believe the claim against Barclays is misconceived and without merit and Barclays will be vigorously defending it.”

Guernsey welcomes EU proposals on anti-tax-avoidance

The move towards a clear and consistently-applied global standard is constructive and something that Guernsey has long demonstrated a commitment to through the steps it has taken.

Praise for JTC in SafeCharge Guernsey migration

The group's migration to Guernsey represents a key milestone and gives us a strong base from which to access the major London investment market and continue to grow the business

Lawyer tells skeptical judge that his client’s tax planning was “aggressive but not illegal.”

The IRS is suing to recover unpaid taxes, interest and penalties on money held in offshore trusts from 1992 to 2013

The UK as a Tax-Efficient Holding Company Jurisdiction by Matthew Herrington

Overall however, the United Kingdom is a very attractive holding company jurisdiction and has a highly competitive tax package to offer as an “onshore” prospect.

Key financial mis-selling case in Dubai nears conclusion

An appeal by the defendant banks against the initial judgement of their liability in the case was heard by the DIFC Court of Appeal in September 2015.

The Global Tax Reset - Deloitte

ountry by Country Reporting and EU Anti-Avoidance Package

A boost to transparency in international tax matters - OECD

The signing ceremony marks an important milestone towards implementation of the OECD/G20 BEPS Project and a significant increase in cross-border cooperation on tax matters.

A Growth Model For Attorneys

Transactional work – which characterizes much of the legal world – is replaced with ongoing retainer arrangements complemented with project work.

The World’s Favorite New Tax Haven Is the United States

By resisting new global disclosure standards, the U.S. is creating a hot new market, becoming the go-to place to stash foreign wealth.

Offshore Investment and Saving Facts and Fables

Exposing the truth about the benefits of saving and investing offshore, and identifying who can benefit from going offshore.

Yet another Swiss private bank reaches resolution under Swiss Bank Program

The bank is a small private bank that commenced doing business in September 2009.

Ex-Summit Wealth COO Indicted For $15M Investment Fraud

Former Summit Chief Operating Officer Angelo Alleca and former fund administrator Mark Morrow were arraigned in Georgia federal court.

IRS Still Hunts Offshore Accounts As More Foreign Banks Sign Deals With U.S.

The IRS updated its list of foreign banks where accounts trigger a 50% rather than 27.5% penalty in the IRS’s long-running Offshore Voluntary Disclosure Program.

Taxman steps up Swiss account investigations

Since Australia’s tax treaty with Switzerland was amended at the end of 2014, the ATO has intensified its investigation into holdings in Swiss banks and other financial institutions.

Black money: Switzerland "extremely keen" on greater cooperation with India, says FM Arun Jaitley

Maurer had said Switzerland's cooperation on tax matters in terms of sharing information on suspected black money cases would continue at "a good level".

Legal,Regulation,Tax & Compliance