Managers of Wealth

Swiss repay Norwegian creditors after huge fraud

Swiss authorities will repay creditors around 700,000 francs in embezzled funds stashed in a Swiss bank account, in one of Norway's biggest-ever bankruptcies, prosecutors said this week.

Jersey Tax Bulletin: FATCA Update - Deloitte

According to FATCA regulations, sponsored entities must have their own Global Intermediary Identification Number (GIIN) for FATCA reporting and withholding purposes by 31 December 2015.

Family Limited Partnerships' Future in Question

These have been available for estate planners for the last two decades

UBS to pay $1.7 million settlement over sanctions case - U.S. Treasury

A UBS spokesman said OFAC agreed that the bank's conduct in this case "was not egregious.

Proposed regulations regarding disguised payments by partnerships for services with a focus on management fee waivers

These regulations are intended to address (among other things) waivers of certain management fees by private equity fund managers in exchange for increased future payments.

Companies are Looking to “Invest” in High-Net-Worth Divorces

Litigation financing moves into a new realm

Swiss law aims to return foreign funds stashed by erstwhile leaders

Specifically, they are working to return $40 million 25 million pounds to Tunisia, a "big slice" of the $60 million stashed during the era of former leader Zine al-Abidine Ben Ali

HSBC spills details on 400 Indian accounts in Singapore; half are from Mumbai

These are all new names who are having deposits above Rs 5 crore.

Two Swiss Banks Reach Resolutions under Justice Department's Swiss Bank Program

Two more Swiss banks have reached resolutions with the Justice Department under its Swiss Bank Program.

Singapore’s highest court unfreezes assets of Swiss art dealer

It described the freeze order as an "abuse of the court's process".

Global Tax Transparency Developments: FATCA and the Global Standard for Automatic exchange of information

.... and the impact on your investment structure.

Tax Free Profits to Non-Domiciled Investors to Boost Cyprus' Investment Appeal

Cyprus' recently revised taxation framework make sit the only citizenship-by-investment program in Europe to offer non-domiciled investors tax free profits.

Rich pay too much, says Joe Hockey, laying ground for income tax cuts

Treasurer signals further spending cuts as he says Australia’s top marginal tax rate is higher than other comparable countries and reduces incentives

Swiss and Saudis dragged into 1MDB scandal

The Swiss are investigating alleged financial improprieties and the Saudis are ‘not amused’ by unwanted headlines.

Jersey signs Memorandum of Understanding with Switzerland

The JFSC has MoUs with regulators in over 90 countries.

Switzerland could turn the scales in 1MDB scam

Swiss financial regulator FINMA said on August 19 that it will check with some of the country’s banks on whether they carried out any business with 1MDB and whether fishy transactions were involved.

Bitcoin CEO's arrest leaves trail of unanswered questions

A fresh warrant resets the clock on how long police can hold him and grill the self-described computer geek over Tokyo-based MtGox's missing Bitcoins.

Double Taxation Avoidance Agreement between South Africa & Mauritius

The notebook of Gary Gowrea, Head of Tax, Advisory and Corporate Structuring for Cim Global Business.

Swiss financial regulator looking into possible connection between banks, 1MDB

Swiss financial regulator Finma is checking with some of the country's banks on whether they carried out business with Malaysia's troubled state investment fund 1Malaysia Development Berhad, a spokesman said yesterday.

The New Protocol To The Cyprus - South Africa Double Taxation Agreement

The Protocol amends the 1997 DTA in three areas, namely the definition of residence, withholding taxes on dividends and exchange of information. Importantly, it does not change the existing, highly beneficial, arrangements regarding taxation of capital ga

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