10/16/2015
A major hedge-funder in prison for insider trading is being sued by his brother for $14.5 million
In the lawsuit, Rengan Rajaratnam, 45, said Galleon failed to pay him $8.3 million on profits
Legal,Regulation,Tax & Compliance
10/16/2015
Luxembourg to abolish its IP regime and to amend its net wealth tax
In his speech, the Minister of Finance also mentioned again the planned tax reform for 2017
10/15/2015
Wealth of examples on both sides for the tax-haven attack dogs
Bill Shorten won’t like to hear it, but some of his private wealth is being held by a fund with a registered trust in the Cayman Islands.
10/15/2015
Geneva Bank Jobs Fall to Lowest Since Crisis Amid Regulatory Woe
This year’s total is about 150 jobs less than seven years ago, just before Lehman Brothers Holdings Inc. collapsed.
10/15/2015
UBS Settles U.S. SEC Case Over Structured Notes For $19.5 Million
Investors in structured notes get their return based on the performance of the derivative over the life of the note.
10/14/2015
The Americans are tough on Swiss banks, but the Swiss are tougher
The Fed has not been inspired by a warm feeling of solidarity, but from the knowledge that banking is about linkage and it was impossible to calculate the damage any failure would cause.
10/14/2015
Finra Fines Santander Unit Over Puerto Rico Bond Sales
Santander neither admitted nor denied the charges
10/14/2015
Barclays American 'casino banker' boss-in-waiting faces grilling by regulators before being allowed to take the top job
But concerns have been raised by MPs that the appointment may herald a return to the aggressive culture and focus on investment banking fostered by former boss Bob Diamond.
10/13/2015
Former Bank Leumi Execs To Return Millions In Bonuses
The three former managers have already notified the committee that they will return the $1.3 million
10/13/2015
How Mauritius Hopes To Shake Its Reputation As A Tax Haven
A double taxation avoidance treaty has helped make the island nation the biggest route for foreign investment into India but potential treaty changes are encouraging a shift in focus to Africa.
10/13/2015
Chinese investor stabs asset management firm’s chief executive after losing 300,000 yuan
Wang Jie, chief executive of the struggling Global Wealth Investment Beijing, remains in a coma after being stabbed in the shoulder on Sunday during a meeting with investors
10/12/2015
HSBC Whistle-Blower Falciani to Skip Trial After Court No-Show
Falciani, who’s currently in France, has no plans to attend the new date after skipping the hearing in the Swiss town of Bellinzona
10/11/2015
Switzerland approves extradition of ex-FIFA official to US
The Swiss government has approved the extradition of former FIFA official Costas Takkas to the United States.
10/11/2015
Hervé Falciani: criminal or modern-day Robin Hood?
A number of countries have data thief Hervé Falciani to thank for millions in tax revenues.
10/11/2015
Renzi revives Italy’s €410bn wealth fund
These are the new headquarters of the Cassa Depositi e Prestiti, the country’s €410bn sovereign wealth fund.
10/09/2015
Bill Gross sues Pimco for $200 million over forced ouster
Gross had been "on track" to receive a bonus topping $250 million in 2014, with most paid late in the year, according to the complaint.
10/09/2015
'Bond King' Bill Gross sues Pimco for 'forcing him out'
Bill Gross claims a 'cabal' of executives were 'driven by a lust for power, greed, and a desire to improve their own financial position and reputaion'
10/09/2015
Swiss bank secrets lead US to tax cases in Singapore, Israel
They’ve also prodded thousands of reluctant Americans to disclose accounts hidden from the Internal Revenue Service.
10/08/2015
Lionel Messi's father wanted by Spanish prosecutors after alleged £3m tax fraud
The decision is considered a win for Lionel Messi, who also had been mentioned in the investigation.
10/08/2015
International tax report - Withers
In this quarterly report, we feature articles on important international tax developments around the world, written by our international tax lawyers based in the US, Asia and Europe.