09/25/2014
Thousands of Americans abroad are giving up their citizenship as the implementation of a complex new tax law causes banks to shut down accounts for US expatriates
09/25/2014
Swiss Bank Agrees to Pay $850,000 for Unregistered Trading
As part of the settlement agreement, the respondents have agreed that they breached securities laws regarding registration requirements.
09/25/2014
The difference between harmonious family relations and bitter infighting for seriously wealthy families is often a well thought-out family charter.
09/25/2014
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.
09/25/2014
The Internal Revenue Service today issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act
09/25/2014
On 18 September, the Financial Conduct Authority (FCA) held a conference which addressed the agenda for Markets in Financial Instruments Directive (MiFID) II.
09/24/2014
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
09/24/2014
After its wealth management business in the U.S. acquired the advisory business of Lehman Brothers in September 2008.
09/24/2014
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.
09/23/2014
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.
09/23/2014
Today the SEC announced that it will pay $30 million to a whistleblower in the largest award ever doled out by the agency.
09/23/2014
If these permanent establishments receive revenue from dividends, interest, or royalty payments from a third state with which Switzerland also has a DTA
09/22/2014
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.
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
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.
09/21/2014
The UK is a 'tax haven', whether we like it or not
Archaic rules mean the world sees us as a tax haven
09/19/2014
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.
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