Managers of Wealth

Swiss citizens come clean on tax cheats

A total of 15,039 Swiss residents have filed voluntary disclosures since the government introduced an amnesty

Switzerland, Italy Treaty Announcement 'Imminent'

The program also establishes a deadline of 60 days from its entry into force on March 2, 2015, for countries that have not yet signed tax treaties with Italy to do so, to enable the exchange of tax information, or risk inclusion on its "black list.&a

Swiss Banker Loses Bail Bid for Not Showing Up in N.Y. Court

A Swiss banking executive accused of helping U.S. clients cheat on their taxes lost his bid for bail because he didn’t come to court to answer the charges against him.A Swiss banking executive accused of helping U.S. clients cheat on their taxes los

A Comparative Approach of the Tax and Social Burden in the European Football

Globalisation affects and impacts the football industry as a whole, just like any other economic sector. The professional football clubs across Europe have to factor in and deal with various issues to attract the best players to compete in the European Ch

Russia Leverages Western Courts To Chase Wealthy Fugitives

The documents, part of a civil action lodged against Bullock by state-owned Russian banking giant Gazprombank, fell to the steps in front of the sprawling home and remained there as Bullock sequestered herself inside.

European Central Bank is ‘out of bullets’: Analyst

The European Central Bank is widely expected to begin buying the sovereign debt of member countries to stimulate the euro zone economy, but the effects of such quantitative easing would be "negligible,"

There is at least $21tn stashed away in tax havens

Mr Henry said his $21tn is actually a conservative figure and the true scale could be $32tn. A trillion is 1,000 billion.

HSBC, Hong Kong Under Scanner As US Steps Up Investigation Of American Tax Frauds

Official with the U.S. Internal Revenue Service (IRS) are currently deployed in foreign jurisdictions, including the American consulate in Hong Kong

Why luxury agents must understand the EB-5 visa

It is credited with creating 49,000 jobs and more than $6.8 billion in new investment.

Taxing times

Businesses in the island’s vital financial services are gearing up for ‘substantial changes’ dealing with tax.

Ex-Bayern Munich chief Uli Hoeness granted day release

Former Bayern Munich football chief Uli Hoeness has been granted day release, seven months after he was sentenced to three-and-a-half years for tax evasion.

This New Year, Don't Forget Your Digital Estate

Think about what would happen if you were to die unexpectedly or become disabled. If your spouse or other loved one doesn’t have your user names and passwords for your financial accounts, he or she may find it awkward at best and impossible at worst

Haifa judge suspected of holding secret UBS account

Judge Moshe Gilad and his wife, Acco City Council member Aviva Gilad, allegedly committed tax violations.

Cayman Islands: Government Issues Beneficial Ownership Report

The consultation was conducted by the Ministry of Financial Services and Commerce.

Do not unfairly tax the rich

The former private client lawyer and partner of London-based Simmons & Simmons where acted for some of world’s wealthiest, said that when the top rate of tax came below 50 per cent, the tax take increased by 5 per cent.

SEC Provides Guidance on Key Employee Trusts Under Family Office Rule

The SEC Division of Investment Management recently provided guidance on whether certain key employee trusts would qualify as family clients under the rule.

Credit Suisse Bank Faces $10 Billion Lawsuit Over Pre-2007 Mortgage Fraud

The legal wrangling isn’t entirely over

Cyprus and US sign FATCA IGA

Cyprus has signed a Model 1 IGA containing a most favoured nation provision which provides that any more favourable terms negotiated under another country's IGA will automatically be applicable to Cyprus.

Vatican Bank Joins 100 Nations In FATCA Offshore Account Hunt

In his annual Christmas messages to more than one billion Catholics, the Pope may have left out something: offshore account compliance.

Pershing to pay $3 mln for customer protection violations

The "customer protection rule" at issue in FINRA's action is a mandate of the U.S. Securities and Exchange Commission.

Legal,Regulation,Tax & Compliance