05/21/2014
Ex-Rothschild Banker Says Hypo Was a ‘Fit’ for BayernLB
Seven former BayernLB executives are on trial over the purchase of Klagenfurt, Austria-based Hypo Alpe-Adria in 2007
Legal,Regulation,Tax & Compliance
05/21/2014
Tax Havens (Other than Switzerland) Feeling the Heat From Tax Collectors
In Europe, Austria and Luxembourg accepted in March a long-delayed European Union law
05/21/2014
New tax scandal as report claims evasion by dodgy companies costs UK £40BILLION a year
A staggering £100billion worth of sales are raked in by firms every year, yet never disclosed to the authorities
05/21/2014
JPMorgan Ex-CEO for China Investment Bank Arrested, Caixin Says
The bank hasn’t been charged with any wrongdoing
05/21/2014
How Trustees can make the most of observers at Board meetings by Mike Huggins, Baker Tilly
Many charities allow observers at Trustee Board meetings.
05/21/2014
Don’t rely on reliefs from inheritance tax lasting indefinitely by Sharon Omer-Kaye, Baker Tilly
The latest National Audit Office (NAO) report into tax reliefs might make uncomfortable reading for those wanting to pass their farm business on to the next generation.
05/21/2014
Revised conflicts of interest guidance published by The Charity Commission
The Charity Commission, the independent regulator of charities in England and Wales, has today published revised public guidance on conflicts of interest for charity trustees.
05/21/2014
Swiss pressure rises on Credit Suisse boss Dougan after U.S. deal
Pressure on Credit Suisse boss Brady Dougan to quit shows no signs of abating in Switzerland following this week's $2.5 billion settlement with the U.S. authorities over charges that it helped Americans evade taxes by hiding their assets in secret ba
05/20/2014
US Asset Managers Overreacting to Risk Panel Review -Treasury's Miller
FSOC meeting to explore the activities and potential risks in the asset management industry
05/20/2014
Credit Suisse pleads guilty in $2.6B settlement
The settlement marks a major U.S. legal victory in a continuing U.S. investigation
05/19/2014
Civil Penalty Shoot-Outs: Only Ever One Winner by Simon Harding, Appleby
Recent published decisions of the enforcement division of the UK Financial Conduct Authority (FCA) have provided for significant civil penalties against high profile financial institutions.
05/19/2014
Financial Sanctions Regimes by Claire Milne, Appleby
Due to the on-going conflicts in Syria and Ukraine, there has been much in the press recently about financial and economic sanctions
05/19/2014
Ex-UBS Banker in Swaps Deal Arranged for Strippers
A German water utility alleged a former UBS AG banker had an “inappropriate” relationship with consultants advising on disputed swap deals, the latest lawsuit to highlight how complex financial instruments backfired on municipal agencies durin
05/19/2014
GlencoreXstrata faces fresh grilling over business deals in Congo with Israeli businessman Dan Gertler at annual meeting
GlencoreXstrata will face a fresh grilling over its business deals in the Congo with Israeli businessman Dan Gertler at its annual meeting tomorrow.
05/19/2014
Credit Suisse CEO faces more calls to quit in U.S. tax dispute
In my opinion, the CEO as well as the chairman of the board must go in order to save the bank
05/19/2014
Tax Havens Feeling the Heat From Tax Collectors
Switzerland isn’t the only tax haven feeling the heat from countries that are trying to scrape more revenue by raking in taxes from citizens with undeclared offshore assets.
05/16/2014
‘Criminal inquiry’ into Brazil’s national football coach
Luiz Felipe Scolari, Brazil’s national football coach, is under investigation in Portugal for taxes allegedly unpaid while he coached the Iberian country’s squad
05/16/2014
City broker fined £1.3m over Libor rigging
Interdealer brokers are expected to act as trusted intermediaries and are key conduits of market information
05/15/2014
Leading offshore firm maintains strong presence in Wealth Sector Leaders list
Now in its ninth year, the Citywealth Leaders List is compiled through recommendations of global peers, clients and charitable organisations and is a guide to the leading wealth managers and advisers worldwide.
05/15/2014
Tax system flaws leave professionals paying 60 per cent
Nonsensical' tax cliff-edge leaves families paying hidden marginal tax rates in system