Managers of Wealth

FCA boss denies Treasury quashed bank inquiries

City regulator the Financial Conduct Authority has denied it was forced to drop inquiries into the banks due to pressure from the Treasury.

Should Congress close tax loopholes for the ultra-rich?

If their benefit to the economy is in doubt, no one can dispute that the wealthy are world-class tax avoiders.

Is HMRC trying to circumvent legal time limits for tax enquiries? by Mike Down

A fundamental principle of the tax system is that taxpayers are entitled to certainty over finality in their annual tax affairs. Legally, HMRC has a strict time limit, known as the ‘enquiry window’ to raise questions about a submitted tax retu

Ex-Goldman Director Rajat Gupta Back Home After Prison Stay

A former McKinsey & Co. managing partner, Gupta is the highest-profile executive convicted in a U.S. crackdown on insider trading at hedge funds

Julius Baer dismisses employee in internal FIFA probe

Baer said in June it had opened an internal investigation in connection with FIFA after a corruption scandal engulfed soccer's governing body

Being notetaker worse than going to strip club

But one female resources company director said banks and other employers should not act like a nanny state when regulating employees

The Cayman Islands – home to 100,000 companies and the £8.50 packet of fish fingers

The Caribbean dependency is more British than Bognor, but helps shield £20bn a year from the Treasury. Here are 10 facts about the world’s most notorious tax haven

Tax Office trawls for owners of boats, planes, horses

It will allow the ATO to make more accurate estimate of peoples' wealth to ensure they meet their tax obligations.

Leaked Recording Upends Case of 'Rogue Trader' Convicted of Losing Bank Billions

Kerviel insists that his bosses were aware of his trades, and that they share responsibility.

US tightens up on luxury property purchases through offshore companies

The scale of the problem is unknown, however, property markets in residential hubs like New York, Miami, and LA are believed to have benefited from the influx of ‘dirty money’ from abroad.

French court suspends trial of famed art dealer Wildenstein

The criminal court has set the new trial date as May 4, after Wildenstein's lawyers argued that tax and criminal charges had been doubled up.

ANZ probes sacked traders' allegations of sex, drugs, booze

The claims come at a time of growing global concern around financial markets conduct.

Tennis match fixing: Evidence of suspected match fixing revealed

Secret files exposing evidence of widespread suspected match fixing at the top level of world tennis, including at Wimbledon, can be revealed by the BBC and BuzzFeed News.

Greece, Germany step up fight against tax evasion

Greek tax inspectors will also receive training in Germany.

St Lucia snubs Britain by refusing to waive immunity for Saudi billionaire

The Caribbean island turns down Britain's official request to lift Walid Juffali's diplomatic immunity before London court case starts on Monday

HMRC reverses APN decision for participants in Montpelier tax scheme

Taxpayers then have 90 days to pay HMRC the fee demanded, but are not allowed to appeal the decision.

Millions in frozen Mubarak regime’s assets trapped due to legal requirements, political situation

A meeting was held with Lauber’s Egyptian counterpart Nabil Sadek later during the day to discuss next steps in the process.

Turnover at British luxury watch-maker Bremont rises by 30 per cent to £11.7m

Accounts for the business filed at Companies House show pre-tax earnings hit £800,000 in the year to March 31, 2015, down from £1.6m a year earlier.

Bordeaux Liber Pater winemaker found guilty of fraud 

The producer of Bordeaux's rare Liber Pater wine, Loïc Pasquet, has been found guilty of defrauding authorities of almost 600,000 euros in EU funding - but he plans to appeal the ruling.

Billions of dollars of the “Royal” family deposited in a Dubai Bank

He made this observation today at the Cabinet briefing held at the Information Department Auditorium.

Legal,Regulation,Tax & Compliance