Managers of Wealth

German prosecutors probe Leumi clients over tax evasion - report

Leumi said it is aware of an investigation being conducted by the German authorities

Revenue clampdown on offshore trusts pays off

HMRC stepped up its attack on banks and other businesses that paid salaries and bonuses through trusts, ratcheting up an extra compliance bill for the 770 companies in the large business sector by 160 per cent to £533m in the year to April 2013.

International law firm Adds Veteran Tax Controversy Partners

The international law firm have announced that two partners with deep experience in tax controversy, criminal tax law and tax litigation have joined the firm from Hass & Hecht.

Unable to bank on Switzerland, India intensifies pressure for information on tax evaders, account holders

After Cyprus, Switzerland is next on India's black money hit list

Withers Bergman Adds Premier Trusts & Estates Attorney

He is widely recognized as one of the foremost estate planning and business succession planning attorneys in the United States.

From Spanish Royals To American Tax Protestors, Tax Evasion Can Mean Jail

The Princess faces tax fraud and money laundering charges.

Swiss Court Blocks Julius Baer Client Data Transfer to U.S.

Switzerland’s largest federal court told the nation’s tax authority not to disclose data about the bank account of a client of Julius Baer Group Ltd. to the U.S., after the Internal Revenue Service made an invalid request.

More whistle-blowers reporting tip-offs to FCA

Following this market abuse investigation, financial regulators in both the UK and US have reported more instances of tip-offs relating to potential illegal behaviours within the industry.

Proposed Changes to the Taxation of UK Partnerships by Richard Ward, Ceinwen Rees, Debevoise

In May 2013, HM Revenue & Customs (“HMRC”) published a consultation document looking at various aspects of partnership taxation.

Commerzbank Loses Singapore Bonus Suit With Dresdner Bankers (1)

Commerzbank AG must pay bonuses to 10 bankers in Singapore at its now-defunct Dresdner unit, who claimed the lender breached their contracts by refusing to pay, a judicial official ruled.

RBS and Barclays face new probe by US regulators

RBS is said to be among nine banks being investigated for selling subprime mortgages

Ex-UBS Banker Weil Heads Back to Court as He Prepares Defense

He is the highest-ranking banker charged in a U.S. crackdown on offshore tax evasion

Profits Interests in Partnerships - Withers

It has been long settled in US tax law that the grant of a profits interest in a partnership is not a taxable event to the party receiving the interest.

50 Percent Of Executives Surveyed Say Companies Have Limited Or No Protocols For Cross Border Investigations - KPMG

This revelation comes at a time when data and employee privacy issues, often triggered by investigations, are dominating the headlines and major corporations are facing increased regulatory scrutiny around anti-bribery and corruption legislation

Spanish princess implicated in money-laundering, tax fraud

After a lengthy investigation, Palma de Mallorca Examining Magistrate Jose Castro said in a 200-page ruling there was evidence that Cristina, 48, had committed crimes and summoned her to appear in court on March 8.

Ex-UBS banker pleads not guilty in U.S. tax case

A former top executive with Swiss bank UBS has pleaded not guilty to U.S. fraud conspiracy charges stemming from a broad federal tax evasion investigation.

Argentina: Gov’t takes look at wealth tax

The national government will amend the way it calculates personal wealth tax and will use the market value of properties rather than their declared fiscal value, the head of the AFIP tax bureau Ricardo Echegaray revealed yesterday.

Regulatory predictions for 2014

Last year we offered our 13 regulatory reform predictions for 2013 and correctly predicted a year of intense rulemaking.

Govt May Seek Reopening of Swiss Cases

The government is contemplating reviving through the Swiss court of appeal graft cases against former president Asif Ali Zardari for the return of $60 million reportedly stashed away in Swiss banks.

Bank Secrecy Crumbling Under US Govt Offensive

One of the oldest traditions in banking is crumbling in the face of American determination to tackle tax evasion.

Legal,Regulation,Tax & Compliance