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
09/19/2014
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.
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
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.
09/17/2014
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.