10/17/2014
Clawback - the taxman’s growing reach
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.
Legal,Regulation,Tax & Compliance
10/16/2014
First announcement released as to how multinational companies should be taxed by Rebecca Reading, Baker Tilly
The OECD 2014 BEPS Action Plan has plenty of food for thought…
10/16/2014
Latest AIFM research launched at Crestbridge forum
Launched at a special Crestbridge Forum, attended by over 100 highly influential fund sector specialists in Luxembourg on Thursday 2 October, the IFI Global ‘Impact of AIFMD’ report examined opinions on the impact of the introduction of the Di
10/15/2014
Top Indian tax team heads to Switzerland
India has been asking Switzerland to cooperate in these cases under obligations of the bilateral Double Taxation Avoidance Agreement
10/15/2014
UBS to pay $5.2 mln in settlement with Puerto Rico regulator
A UBS AG unit will pay $5.2 million in a settlement with Puerto Rico's financial institutions regulator over the firm's practices involving sales of Puerto Rico closed-end bond funds whose values later plunged.
10/15/2014
Ex-UBS Banker Gives Florida Jury Primer on Swiss Bank Secrecy
We knew from the way the accounts were set up that the majority of these 15,000 clients were cheating on the taxes,” said Schumacher
10/14/2014
Monaco joins fight against tax dodgers
The Principality of Monaco, a known tax haven, delighted its larger European neighbors when it announced its commitment to fight tax dodgers after becoming the 84th jurisdiction to participate in the Multilateral Convention on Mutual Administrative Assist
10/14/2014
100 Swiss Banks Get Ultimatum: Hand Over Americans Or Face U.S. Prosecution
Since 2009, the U.S. has had unprecedented success with ferreting out offshore accounts. It started in 2008 with key court victories against UBS.
10/14/2014
Former UBS banker fined in Switzerland for handing data to U.S.
A former banker at Switzerland's biggest bank, UBS, has been found guilty of handing over protected Swiss bank account data to the United States, according to a penalty order issued by the Swiss prosecutors' office.
10/14/2014
Italy and Swiss ministers clash over failure to reach tax accord
Italian and Swiss ministers clashed on Monday over the failure to reach an agreement aimed at fighting tax evasion that foresees Switzerland opening up its bank databases to Italian tax authorities.
10/14/2014
Foreign investment regulation - Trends in south east Asia
The Government has also increased its public commentary regarding its desire to ensure that the PNG national interest is protected and promoted.
10/14/2014
Encouraging Enforcement: Moving towards a concerted international effort to see anti corruption laws enforced
There is a renewed enthusiasm in the international community to develop effective and co-operative anticorruption enforcement methods. Companies should consider how this will affect their business and where necessary, review the corporate responsibility p
10/14/2014
Baker & McKenzie Appoints Two Mexico Partners to Lead Global Practice and Industry Groups
The announcement was made as part of the leaderships changes at the Firm's Annual Meeting, held last week in London.
10/14/2014
A Popular Irish Corporate Tax Loophole Is Now Dead — Here Are Three Other Loopholes
The Irish have officially killed the much-loved corporate tax loophole known as the "Double Irish."
10/13/2014
Former UBS high-flier set for US tax fraud trial
A former top-level UBS banker will stand trial in the United States this week accused of helping rich Americans evade millions of dollars in taxes.
10/13/2014
Global Shell Games: Testing Money Launderers
The researchers could not find a single example of one company service provider in the Cayman Islands willing to set up an anonymous company but by contrast, it was easy to find a service provider in the UK who would do that.
10/12/2014
Former IRS Chief, Taxpayer Advocate Criticize FATCA
This week brings a wealth of news in the FATCA arena, which we summarize in today’s post.
10/12/2014
Managing the Requirements - and Costs - of Regulatory Reporting By: Tom Kirkpatrick, SS&C
The increase in regulatory reporting requirements has become a major challenge for many investment managers.
10/11/2014
'Internationalisation' is the word of the moment in private client circles
The continued developments in the market have prompted law firms to reinvent themselves with a clear strategic objective of the clients they are pursuing and the segment of the market in which they wish to compete.
10/10/2014
Establishment of the Charities Regulatory Authority - Matheson
Many of the provisions of the Act, which was enacted in 2009, have not yet been commenced.