03/25/2014
The Department of Justice, confirmed it has charged 35 Swiss bankers and 25 financial advisors with helping U.S. Taxpayers hide their undisclosed overseas accounts, but has not yet sought their extradition to the United States.
03/25/2014
Implementation of the new legislation will provide the Russian tax authorities with legal mechanisms for taxing international corporate and private structures.
03/24/2014
Fiona Le Poidevin explains why Guernsey provides an excellent platform for AIFMD compliant investments in Europe with all the options available to a financial centre outside the EU.
03/24/2014
Hedge funds manage $470 billion in the UK, with 82% of the assets controlled by just 20 large firms
03/24/2014
The completion of this agreement is a positive endorsement of the Commission and the important work it undertakes on behalf of the Bailiwick
03/24/2014
Bank will pay $885 million to settle lawsuit regarding mortgage-backed securities
03/24/2014
Three officials are sued over an alleged concealment of their wealth by the High Inspectorate of Declaration and Audit of Assets.
03/21/2014
The Commissioners of HM Revenue & Customs v. Executors of Lord Howard of Henderskelfe - Withers
The Court of Appeal have dismissed HMRC’s appeal and confirmed that the owners of the famous painting of Omai by Sir Joshua Reynolds were exempt from Capital Gains Tax (‘CGT’) on its sale in 2001 for £9.4 million.
03/21/2014
Allen & Overy is advising Societe Generale on the disposal of its private banking business in Singapore and Hong Kong to Singapore’s DBS Bank, which turned to Allen & Gledhill and Clifford Chance for advice.
03/20/2014
UK and Dutch employees working in Norway may suffer Norwegian net wealth tax
To pay Norwegian tax of 1% of the global net wealth including on the family house, cars, bank savings, shares, etc. situated outside Norway may come as a surprise for many foreigners working in Norway.
03/19/2014
‘French mini-FATCA’ fears as France goes after trusts
Tax experts who have been studying France’s new tax regime for wealthy individuals are likening its treatment of trusts to elements of America’s much-criticised FATCA regulations.
03/19/2014
Switzerland Passes Anti-Tax Evasion Bill
The Swiss Council of States has adopted a bill forwarded on from the Federal Council with modifications, implementing the revised Financial Action Task Force Recommendations.
03/19/2014
This morning New York Attorney General Eric Schneiderman declared war on high frequency traders
03/19/2014
Farid ‘Diabl0’ Essebar, one of the creators of the Zotob worm, evaded the authorities for the last three years, and is accused of causing $4 billion worth of damage
03/19/2014
A provision buried in the budget has lifted the threat that offshore funds will lose their favourable tax treatment.
03/18/2014
Several offshore zones suggest exchanging tax information with Russia
The deputy finance minister added Russia’s “reaction to the initiative will be positive, Russia will participate in the negotiations and will enter into agreements."
03/18/2014
The Financial Services Act 2012 introduced an obligation to review this MoU annually. The FCA and Bank committed that this review would include feedback from industry and the findings would be published.
03/18/2014
I am totally free - for the first time in six years I am free
03/18/2014
THE ownership of Leeds United was thrown into chaos this morning after reports that prospective owner Massimo Cellino had been found guilty of tax evasion by an Italian court.
03/18/2014
Economiesuisse also said that limiting cash payments is both unnecessary and arbitrary