Managers of Wealth

Tax avoidance schemes: the balance between avoidance and evasion

. Almost on a daily basis hither to much loved pop stars and television personalities have been ‘ousted’ for investing in a tax avoidance scheme.

Ex-UBS Wealth Boss Acquittal Brings Relief for Many Swiss Bankers

Many of Switzerland's private bankers breathed a sigh of relief at the acquittal of Raoul Weil, the former head of wealth management at UBS, on charges of helping wealthy Americans dodge taxes.

Switzerland's First Tax Info Exchange Pacts To Take Effect

Switzerland's tax information exchange agreements (TIEAs) with Jersey, Guernsey, and the Isle of Man have entered into force and will be effective from January 1, 2015.

Swiss authorities agree to hand over non-HSBC details

Over the past few years, the Indian government has been dispatching a number of requests to the Swiss authorities arising from either search operations done by the Income Tax department or information received on holdings of Indians in Switzerland from th

U.S. lacked hard proof in tax trial of ex-UBS banker, jurors say

A federal jury in South Florida on Monday took a little over one hour to acquit Raoul Weil, who headed the Swiss bank's global wealth management unit, of conspiring to defraud the Internal Revenue Service.

International law firm strengthens Singapore presence

He has developed an in-depth understanding of the Asian market and business culture during the eight years in which he has worked in Hong Kong, which included a period as managing partner of the Hong Kong office of another international law firm.

London Tax Tribunal to Evaluate U.K. Film Investment Vehicles

The tax authority says Ingenious vehicles, used on such productions as 'Avatar,' allowed British celebrities, such as David Beckham, to reduce their tax bills

Jury acquits former UBS executive in IRS offshore tax evasion probe

Jury acquits ex-UBS exec in IRS probe

Singapore says will adopt OECD pact to tackle tax cheats by 2018

Singapore will implement a global agreement on swapping tax information, aimed at ending offshore tax evasion, by 2018, provided certain conditions are met

Swiss bank account holders have ‘inherited’ wealth

Accounts inherited from family members as also from previously-constituted trusts or companies have come to the fore in a big way, as India seeks further details from Switzerland about those suspected to have ‘unaccounted’ wealth parked in the

Ropes & Gray Names 20 New Partners in Eight Offices Worldwide

Ropes & Gray proudly announces that 20 attorneys have been named partners of the firm, effective November 1. In addition, the firm named two attorneys as counsel.

Banker Beats Israeli Account Tax Fraud Charges At Trial

The acquittal was a setback in the seven-year, U.S. campaign to curtail offshore tax evasion.

Offshore firms: in the zone

London is an increasingly important hub for offshore law firms, which are winning business from City-based financial institutions, and clients in Russia, western Europe and sub-Saharan Africa.

Feuding tycoons stunt Philippine infrastructure

Caught in the middle are 22.7 million people who live and work in metro Manila, where inadequate infrastructure and recurring flooding produce gridlock and stunt the economy.

Law firms unite to create major wealth management force

The combination creates a top-30 UK law firm that combines a pre-eminent private wealth practice with a significant business law capability.

Wall Street firm tests entire department for drugs

$7m-a-year investment banker stands accused of forcing his wife to binge on cocaine then have sex with a potential client in foursome at the Ritz

High-flying British banker arrested after two sex workers found dead

The 29-year-old who works for a top bank was arrested after the two women were discovered in a luxury apartment building

Tougher disclosure rules for offshore accounts held by 'non-doms' once single tax reporting standard in force

Jason Collins of Pinsent Masons, the law firm behind Out-Law.com, was commenting as 51 countries signed an agreement that will activate the Common Reporting Standard for automatic exchange of financial account information in tax matters

Saudi Sheikh launches $10bn lawsuit against Barclays over banking licence fraud

Claims Barclays 'hatched a fraudulent' scheme

Swiss Financial Regulator Pledges Crackdown on Individuals

Switzerland’s financial services watchdog pledged to crack down on individuals suspected of misconduct, abandoning what the regulator has called a historical “reluctance” to target people rather than institutions.

Legal,Regulation,Tax & Compliance