02/20/2015
Specifically, it can have severe effect on individuals, who in 2015 adopted the strategy of ceasing tax residency in Russia to avoid disclosure and taxation in accordance with the new Russian Controlled Foreign Companies regime.
02/20/2015
The central bank, which also acts as the country’s bank supervisor, cited “deficiencies” in how Frankfurt-based Deutsche Bank identified and verified customer details, according to a statement on the South African Reserve Bank’s we
02/19/2015
With so much attention on FATCA in recent times, the financial services industry could be forgiven for seeing it as the most obtrusive regulation ever imposed.
02/19/2015
Three Swiss bankers accused in 2012 of helping Americans hide more than $1.2 billion from the U.S. Internal Revenue Service face new charges of obstructing the agency from collecting taxes on undeclared accounts.
02/18/2015
The FCA said asset managers “need to pay more attention to the possibility of receiving inside information through all aspects of the investment process and take steps to manage this risk”.
02/18/2015
Wheatley said the regulator was “sympathetic” to the idea despite “all sorts of con-tractual issues”.
02/17/2015
The hefty payment followed charges of tax fraud in July.
02/17/2015
Tax Commissioner Yiannakis Lazarou told MPs that between 2006 and 2012, authorities found 3,353 Cypriots with deposits abroad, taxing them €7.5 million in total.
02/17/2015
Muhammed Nisham, a multimillionaire tobacco tycoon, allegedly rammed his four-wheel drive car into security guard and thrashed him with iron rod
02/16/2015
International banking giant HSBC helped around 6,000 rich French lawyers, artists, businessmen and even a World Cup winner dodge taxes, new explosive reports claim
02/15/2015
The bank’s internal computers, used by employees who process daily transfers and conduct bookkeeping, had been penetrated by malware that allowed cybercriminals
02/15/2015
Guernsey’s recently published Personal Tax, Pensions and Benefits Review has been prepared jointly by the Treasury & Resources Department (T&R) and Social Security Department (together the Joint Board) with the objectives of examining the lo
02/13/2015
The company’s aggressive online marketing has attracted enough customers that the Internal Revenue Service and U.S. prosecutors noticed.
02/12/2015
Belgian judge withdraws arrest threat for HSBC directors
The Belgian judge has charged the HSBC unit with tax fraud and money laundering, accusing it of offering diamond dealers and other wealthy clients ways of hiding cash and evading tax.
02/12/2015
Pre-election tax relief jitters may drive IFA sales
Originally introduced in 2008, the relief was initially capped at capital gains of £2m, but was subsequently raised to £10m.
02/12/2015
HM Revenue to chase £20m in Jersey-based HSBC accounts
A former member of staff told The Independent that there were “skeletons in the closet” dating from before the financial crisis.
02/12/2015
'Swiss Leaks' catastrophic for African economies
Developing countries in Africa have been hit by the full force of the recent Swiss Leaks scandal.
02/11/2015
Withers tax investigations, litigation and criminal specialists work together to assist individuals and companies at every stage of an investigation, from initial enquiry from HMRC or the SFO onwards.
02/11/2015
The European Commission is hoping that a new global reporting standard will eradicate tax evasion and tax fraud in the wake of the latest revelations in Switzerland
02/11/2015
The Swiss Financial Market Supervisory Authority FINMA has opened a consultation on the draft revised version of the FINMA Anti-Money Laundering Ordinance