Managers of Wealth

New powers for HMRC by Baker Tilly

We reveal some of our predictions for next week’s Autumn Statement.

Thailand's Prince Vajiralongkorn strips wife's family of royal name

The BBC reports that the prince has has asked the government to strip his wife's family of their royally bestowed name, a move that is thought to be the first step in the couple's official separation.

Russian De-offshorisation Legislation – how the new law on taxation of Controlled Foreign Companies affects you and your clients by Withers

The new law on the taxation of controlled foreign companies (the 'CFC') and other anti-offshore measures (the 'Law') has received Presidential Assent on Monday this week (24 November 2014) and will come into force starting from 1 Janua

Ex-Rothschild expert is the latest to fall victim to wine hustle in £50,000 con

A leading wine merchant has become the latest victim of wine fraud after being conned out of vintage bottles worth £50,000.

Vincent Tchenguiz launches £2.2bn legal action against Grant Thornton and Kaupthing

Follows collapsed Serious Fraud Office case against the property billionaire

Hedge fund manager's ex-wife to get record divorce settlement

Jamie Cooper-Hohn, the ex-wife of Children’s Investment Fund Management UK founder Chris Hohn, is to receive $530m of the couple’s marital assets

Argentina IDs accounts in alleged tax evasion

The agency's revelation came a day after it charged HSBC bank with helping Argentines evade taxes by stashing about $3 billion in the secret accounts.

Barclays says its Swiss private bank drops out of U.S. tax deal

Barclays' private bank in Switzerland has dropped out of a U.S. programme aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday.

Argentina charges HSBC with aiding tax evasion via Swiss accounts

Argentina's move comes as part of a global crackdown on undeclared funds held in offshore havens, after the global financial crisis strained government budgets and made the need to maximize tax receipts more pressing.

OECD releases 2013 mutual agreement procedure statistics

As part of the OECD’s work to improve the timeliness of processing and completing mutual agreement procedure (MAP) cases under tax treaties and to enhance the transparency of the MAP process, the OECD makes available to the public, via its website,

Nina Ricci perfume heir charged with tax fraud

The heir to the Nina Ricci perfume fortune is to go on trial for tax fraud in what is seen as a test case related to the HSBC tax avoidance scandal.

S.E.C. Settles Swiss Secrecy Case With HSBC

The unit failed to register with the S.E.C. before providing advice to American clients, an omission that allowed it to avoid scrutiny in Washington.

Private Capital team scoops another award

"This award is a testament to our team, its international strength and the quality of work it does. It tops off what has been a great start to the new merged firm."

FCA gives wealth managers all clear on in-house product use

The regulator has given wealth managers the all-clear when it comes to putting their clients’ money into in-house investment products

Collas Crill announce Cayman merger

The merger creates the first and currently only law firm with offices in Singapore, the Cayman Islands, London and each of the Channel Islands.

New trust and tax reporting obligations for UK Resident Non Doms – a Mini UK FATCA? by Withers

Under new rules, information about offshore bank accounts and non-UK structures with UK resident owners (in the case of personally held accounts) or UK resident settlors, beneficiaries and protectors (in the case of trust structures) will be provided auto

Bank executives want City wrongdoers to face jail, says top funds boss

The latest of those is the foreign exchange scandal, which saw six banks fined $4.3 billion by U.S. and UK regulators last week for failing to put in place systems and controls to prevent traders from attempting to rig benchmark exchange rates.

International tax avoidance – now the investment community takes action by George Bull, Baker Tilly

We recently reported on a growing number of investors becoming uncomfortable over the tax affairs of some multi-national corporations. Now it appears that following the agreement by the G20 leaders to accept OECD recommendations to tackle tax avoidance an

Managing Operational Risk Under AIFMD by Tom Kirkpatrick and Colin Keane, SS&C

In a recent interview with Hedgeweek, Tom Kirkpatrick and Colin Keane discussed managing operational risk.

Swiss Vote to Abolish Tax Break for Rich Threatens Status

The disinterest of diners entering Cafe du Centre on the adjacent Place du Molard is echoed in the latest poll

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