11/17/2014
Steven Cohen's ex-wife can ask him about insider trading: judge
But the judge denied Patricia Cohen's bid for so-called Wells notices sent to Cohen by the U.S. Securities and Exchange Commission and any responses he provided.
Legal,Regulation,Tax & Compliance
11/17/2014
Trade bodies lobby ESMA over ‘absurd’ Mifid trusts label
The Wealth Management Assocation and the Association of Investment Companies are lobbying to prevent a new European directive labelling investment trusts as “complex” instruments, which they say would reduce investment into the vehicles.
11/16/2014
United Kingdom – Amendments Make Important Alterations to Tax Treaty with Canada
The protocol was signed on 21 July 2014, and will come into force once the two countries have exchanged diplomatic notes and completed their necessary internal procedures to implement the agreement.
11/16/2014
Law gets fashionable as labels learn to love litigation
Long considered "too fluffy" for serious lawyers, fashion law has emerged in recent years as one of the most lucrative -? and occasionally absurd -? new battlegrounds for the legal profession.
11/14/2014
Ex-Swiss private banker charged in U.S. for tax scheme
The bank was not identified by name in court papers, but was described as an institution that purported to be the oldest private bank in Zurich.
11/14/2014
The banking industry's bill for bad behaviour: $300b
And that's just from expected fines.
11/14/2014
Qatar, Russia cleared of World Cup corruption
The 2018 and 2022 FIFA World Cups will go ahead in Russia and Qatar as planned after the ethics committee of football's governing body said it could find no grounds for reopening the controversial bidding processes.
11/14/2014
EU’s Juncker speaks about Luxembourg tax avoidance
The new European Commission President took political responsibility yesterday for Luxembourg’s role in helping global companies to avoid taxes, and Germany urged swift action to fight tax evasion in Europe.
11/14/2014
Gold may be the new Swiss bank: $1 mn of black money = 25 kg of gold
The government is said to be mulling curbs on imports of gold after witnessing two consecutive months of surge in September and October.
11/13/2014
IRS Loses 'Lavish Spending Is Tax Evasion' Case, Big Spenders Rejoice
Electronic Arts founder Trip Hawkins may be feeling pretty good too after his court victory.
11/13/2014
Developing countries to play greater role in OECD/G20 efforts to curb corporate tax avoidance
The BEPS Project aims to create a coherent set of international tax rules to end the erosion of national tax bases and the artificial shifting of profits to jurisdictions solely to avoid paying tax.
11/13/2014
U.S. Tax Update - Practical Aspects For Investment Funds - Deloitte
We are hosting a breakfast briefing on Friday 21 November covering key US tax topics and developments of which investment managers and other corporate service providers should be aware, including the US political environment and other changes to which the
11/13/2014
High Court boosts financial services employers’ efforts to protect businesses By Kathryn Rowe, Associate, Appleby
The High Court of Justice of England and Wales (High Court) handed down two decisions earlier this year which gave employers increased confidence that the courts recognise their genuine attempts to protect their businesses.
11/12/2014
Burman's Swiss account had money from unknown entities where he was director
In a fascinating revelation that raises more questions than it answers, former Dabur group director Pradip Burman provided several details of his involvement in opening, maintenance and subsequent closure of accounts in HSBC Zurich
11/12/2014
Performance Measurement No Longer Exists in a Vacuum - DST Global Solutions
Investment Management is operating in a world of more – more regulation, more transparency, more meaningful investment information and more control.
11/12/2014
FCA fines five banks £1.1 billion for FX failings
The G10 spot FX market is a systemically important financial market. At the heart of today’s action is our finding that the failings at these Banks undermine confidence in the UK financial system and put its integrity at risk.
11/12/2014
UBS Ordered to Give Up $139 Million in Profit by Finma
Foreign-exchange related investigations resolved with FINMA, CFTC, FCA
11/12/2014
New Russian tax law to clamp down on offshore tax schemes by Andrew Evans, Field Fisher Waterhouse
Russia is aiming to clamp down on the use of foreign offshore tax shelters in a new tax policy as part of President Putin's "deoffshorisation" campaign which was launched in 2012.
11/12/2014
New Russian tax law to clamp down on offshore tax schemes by Andrew Evans, Field Fisher Waterhouse
Russia is aiming to clamp down on the use of foreign offshore tax shelters in a new tax policy as part of President Putin's "deoffshorisation" campaign which was launched in 2012.
11/11/2014
PwC statement in response to media reports on tax advice in Luxembourg
The recent reports in the media on tax advice in Luxembourg co-ordinated by the International Consortium of Investigative Journalists (ICIJ) are based on partial, incomplete information dating back four years or more, which was illegally obtained.