09/22/2014
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.
09/22/2014
UBS, which appealed in July, had already paid a much smaller 2.875 million-euro guarantee in the case.
09/21/2014
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.
09/21/2014
Archaic rules mean the world sees us as a tax haven
09/19/2014
Mansion suspended trading in the Channel Islands-listed Student Accommodation fund last year.
09/19/2014
Fines and financial sanctions are not tax deductible, as providing tax relief would reduce their punitive effect.
09/19/2014
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.
09/19/2014
Recapitalising the bank through participation of the current shareholders is not possible, as the parent companies of the Espirito Santo Group are also insolvent
09/19/2014
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.
09/18/2014
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.
09/18/2014
The complexity and unfamiliarity of this new legislation means there is significant margin for error and non-compliance.
09/18/2014
A fresh crackdown on tax avoidance by global firms has been launched by an international watchdog
09/18/2014
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.
09/18/2014
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.
09/17/2014
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.
09/17/2014
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.
09/17/2014
The new offering is an extension of TMF Custom House's existing regulation and compliance offerings
09/17/2014
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
09/16/2014
Swiss banking giant UBS converted billions of dollars for its own profit by improperly closing accounts of secret account-holders and refusing to provide records of it, the trust of a former president of the U.N. General Assembly claims in a federal clas
09/16/2014
“You are seeing stronger compliance and the banks themselves are being more risk-averse so they are making it harder to open accounts,” said Elise Donovan, head of the BVI office in Hong Kong responsible for Asia.
09/16/2014
France's wealthiest entrepreneurs hold around €17 billion (HK$168 billion) in neighbouring Belgium where taxes are lower