Managers of Wealth

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.

OECD pledges fresh offshore tax avoidance clampdown

A fresh crackdown on tax avoidance by global firms has been launched by an international watchdog

UBS in $1.4 Billion Test of French Tax-Evasion Crackdown

UBS AG, the world’s biggest manager of money for the rich, has become the test case for French President Francois Hollande’s tax-evasion crackdown.

UBS Clients Lead Canada Surge in Admitting Hidden Income

Clients of UBS AG, Switzerland’s largest bank, have led a five-fold surge in the number of Canadian residents reporting hidden offshore income over the past eight years.

Swiss Banker Urges Better Access to European Market

Switzerland should strike accords with European governments to secure better access for the country’s asset and wealth managers to clients in their major markets, according to the Swiss Bankers Association.

Clients' Foreign Tax Bills Now a Concern for U.S. Bankers

That certainly seemed to be the shared opinion of a panel of banking regulation experts, including two officials from the U.S. Securities and Exchange Commission, who spoke about tax compliance and money laundering at a conference Tuesday.

TMF Custom House Fund Services Launches Depo Lite Platform

The new offering is an extension of TMF Custom House's existing regulation and compliance offerings

Swiss Bankers Urge EU Deals to Root Out Tax Cheats

The country has reached withholding tax deals with Britain and Austria, under which nearly 30,000 Swiss account holders came forward last year to pay tax

Legal,Regulation,Tax & Compliance