Managers of Wealth

Leeds United: GFH bought a Rolls Royce but couldn’t afford the petrol says Haigh

Haigh, who denies the fraud claims, was arrested on May 18 after he flew to the Middle East for talks about a supposed new position with GFH.

IRS Warns Financial Institutions of Scams Designed to Steal FATCA-Related Account Data

The Internal Revenue Service today issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act

FCA MiFID II conference summary - Withers

On 18 September, the Financial Conduct Authority (FCA) held a conference which addressed the agenda for Markets in Financial Instruments Directive (MiFID) II.

Why Labour’s Mansion Tax shows that it has lost touch with financial reality

The fact that the Mansion Tax is so badly designed and illogical suggests that it would soon mutate into a full-blown, French-style wealth tax

SEC Charges Barclays Capital with Systemic Compliance Failures After Acquiring Lehman’s Advisory Business

After its wealth management business in the U.S. acquired the advisory business of Lehman Brothers in September 2008.

Swiss Banks’ DoJ Emissary Sees Tax Spats Drag on in 2015

Julius Baer Group Ltd. (BAER), Switzerland’s third-largest wealth manager, and “a smaller bank” may be the next firms to reach a resolution.

BBA urges Bank to exclude HNW clients from LTI cap

We have some serious concerns about what such legislation would mean for a small, but increasingly important part of our financial services industry – private banks and high net worth customers.

Think High Stakes Whistleblowing is Just a U.S. Phenomenon? Think Again

Today the SEC announced that it will pay $30 million to a whistleblower in the largest award ever doled out by the agency.

Switzerland Seeks To Relieve Double Tax On PEs

If these permanent establishments receive revenue from dividends, interest, or royalty payments from a third state with which Switzerland also has a DTA

Pressure on Switzerland on sharing bank account information

Pressure is building up on Switzerland to accede to India's request for information on its citizens who held accounts in HSBC's Geneva branch.

French court rules UBS to deposit 1.1 billion euro in tax probe

UBS, which appealed in July, had already paid a much smaller 2.875 million-euro guarantee in the case.

Fighting the $53 billion global tax dodging trends

OECD chief Angel Gurria Saturday handed the G20 recommendations on the biggest changes to international tax rules in more than a century in a bid to tackle corporate tax strategies that are costing countries billions.

The UK is a 'tax haven', whether we like it or not

Archaic rules mean the world sees us as a tax haven

Two former UBS Wealth Management executives have won a High Court battle

Mansion suspended trading in the Channel Islands-listed Student Accommodation fund last year.

Switzerland Clarifies Fines Not Tax Deductible

Fines and financial sanctions are not tax deductible, as providing tax relief would reduce their punitive effect.

Tax changes hit wealthy foreign homebuyers

A little-noticed tax change has levied another blow on foreign buyers of luxury London homes, adding to the slowdown in the previously booming sector.

Swiss begin bankruptcy proceedings against Espirito Santo private bank

Recapitalising the bank through participation of the current shareholders is not possible, as the parent companies of the Espirito Santo Group are also insolvent

MiFID II: The future of European trading in the balance by David Lawton, Director of Markets, FCA

Speech by David Lawton, Director of Markets, at the FCA MiFID II Conference 2014. This is the text of the speech as drafted, which may differ from the delivered version.

Capital Flight: Can Tax Inversions Be Prevented?

The last big wave of tax inversions occurred prior to 2004, when the government passed the American Jobs Creation Act, which imposed stiff penalties on companies that moved overseas in search of lower taxes.

UK trusts and personal investment companies affected by new UK:US agreement - Baker Tilly

The complexity and unfamiliarity of this new legislation means there is significant margin for error and non-compliance.

Legal,Regulation,Tax & Compliance