10/26/2014
The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project and the move to automatic exchange of financial account information took centre stage when Heads of Tax Administration met on 23-24 October in Dublin, Ireland.
10/24/2014
Swiss banks seeking to avoid U.S. prosecution by disclosing how they helped Americans evade taxes asked the Justice Department this week to back off a dozen demands, including that they cooperate with other nations.
10/24/2014
The group has said that several offenders have since been arrested after the information was passed onto police, including in Australia, Poland and the United States.
10/24/2014
Swiss authorities have searched the offices of private bank J. Safra Sarasin as part of a probe led by German prosecutors into dividend stripping, an investment strategy that can be used to help clients avoid taxes
10/24/2014
The Swiss Federal Council has launched a consultation on legislation for the unilateral application of the Organisation for Economic Cooperation and Development's Standard on the Exchange of Information to all double tax agreements that are not alrea
10/24/2014
The Tax Office is keeping a close eye on foreign banks as part of its push to stop money being sent offshore by wealthy individuals.
10/22/2014
Too many tweets may make a Twit by Amber Melville-Brown, Withers
Jack Dorsey christened as ‘Twitter’ the product he created to provide ‘a short burst of inconsequential information’.
10/22/2014
Swiss Banks on Own in Navigating U.S. Offshore-Account Requirements
Swiss Government Provides Little Guidance for New Justice Department Program
10/22/2014
Ex-UBS Adviser Says Weil Was At Meeting On Hiding Accounts
A former UBS AG client adviser on Tuesday placed the Swiss bank's ex-wealth management head Raoul Weil at meetings in 2002
10/22/2014
The challenge for these customers is to move the money to some other destination without leaving a trail
10/22/2014
Banks in London are expanding curbs on entertainment, with some adding bans on buying clients shots and expensing pricey bottle services for tables at nightclubs.
10/21/2014
HSBC attacks 'retrograde' EU bonus cap
Douglas Flint, the chairman of Europe's biggest bank, says restrictions on pay are hitting banking industry and making it difficult to hire top talent
10/21/2014
Italy has also taken a tough line in that the DTA should not offer provisions that would establish a tax amnesty. Italy is seeking payment of any unpaid taxes on Italian taxpayers' assets in Switzerland and transparency about account-holders' id
10/21/2014
Antitrust: Commission settles cartel on bid-ask spreads charged on Swiss Franc interest rate derivatives; fines four major banks € 32.3 million
10/20/2014
Conservative politicians want to compel Switzerland’s central bank to hold at least 20% of its assets in gold it could never sell. For those opposed, the initiative would hobble the bank’s operations and harm the economy.
10/20/2014
Augentius has received authorisation from the Ministère des Finances, Luxembourg to act as an authorised depositary to private equity and real estate funds in accordance with the Alternative Investment Fund Managers Directive (AIFMD).
10/20/2014
International law firm to open Dubai branch
With offices in Geneva, Lausanne, Luxembourg, Paris, and Shanghai,
10/17/2014
Switzerland and member states of the European Union have signed a joint statement that reaffirms Switzerland's commitment to abolish contested corporation tax regimes and EU member states' pledge to lift countermeasures.
10/17/2014
“When high frequency traders cross the line and engage in fraud we will pursue them as we do with anyone who manipulates the markets,” said SEC Chair Mary Jo White.
10/17/2014
It was George Harrison’s astonishment at the amount of tax he was paying that prompted him to pen The Beatles’ song “Taxman” almost 50 years ago.