Managers of Wealth

NORWAY: Government wants to remove wealth tax

The wealth tax limits the Norwegian business sector, says Prime Minister Erna Solberg. Solberg dismisses that the wealth tax is a tax for the wealthy.

Baker & McKenzie Elects New Partners and Professionals

Throughout their tenure, these professionals have demonstrated a remarkable commitment to our clients and the Firm

PAM awards - International Tax And Estate Planning Law Firm Shortlisted

These recent distinctions highlight the firms strong leadership in tax and estate planning for high net worth international private clients.

Global law firm appoints first ever Asia managing partner

As the U.S. Ambassador, Ambassador he oversaw the broadening engagement of the United States in Southeast Asia, which included the Obama Administration's 2011 "pivot" or "rebalance" to the region.

SEC names new chief accountant in Enforcement division

The Securities and Exchange Commission today announced that Michael F. Maloney has been named the new chief accountant in the SEC’s Division of Enforcement.

UBS suspends two Hong Kong employees in hiring probe

Investment bank UBS has suspended two members of its staff in Hong Kong after launching an investigation into the hiring of an employee related to the head of a mainland corporate client.

Flexible solutions for those facing a US/Swiss planning conundrum - Withers

In this brochure, to illustrate the complex issues that can arise in this area, we have provided a case study of what one might, at first sight, assume to be a straightforward situation. In fact, and as we show, it is anything but.

Former UBS banker to plead guilty in U.S. tax case, filing says

A former senior UBS private banker has agreed to plead guilty in connection with a criminal indictment for selling offshore tax-evasion services to wealthy Americans

EU to force Britons to publish details of wills and property

A bill being debated in Brussels would force UK citizens to disclose 'reams' of private, financial information on a public register

More spouses are financially cheating

The number of people keeping money secrets from their partner is on the rise.

Bedell makes 'Most Admired' list for fourth consecutive time

Bedell Trust has been included in the coveted list of ‘Most Admired UK Companies’ for the fourth consecutive year.

Ex-Hedge Fund Manager Sues E&Y Over Charity Tax Relief Failure

Her Majesty’s Revenue & Customs investigated De Camaret and intends to “impose penalties,” according to the suit filed Dec. 6 in London and released last week.

Will new tax rules spark trend for wealth LLPs to incorporate?

Changes to the way partnerships are taxed could spark a trend of wealth and fund management limited liability partnerships moving to incorporate.

The 2014 French Finance Act and the 2013 Amended Finance Act: Final version of the new measures

The main tax measures of these two laws are summarised below. However, these are subject to any comments the tax administration may have on the different regimes concerned.

FCA finalised guidance on AIFMD remuneration

These provisions can be particularly important for bigger groups with multiple business lines and for non-EU managers who market only a few AIFs in the EU

Ex-UBS Executive Weil Faces Eight-Month Wait as U.S. Trial Delayed

The highly-anticipated U.S. trial of former UBS AG executive Raoul Weil has been pushed back to October, leaving the former Swiss banker to languish in overseas legal limbo for the better part of this year.

Exclusive: UBS seeks first-mover immunity in U.S. currency probe - sources

Swiss bank UBS AG approached U.S. authorities in September with information relating to an industry-wide probe into alleged rigging of currency markets, in the hope of gaining antitrust immunity if charged with wrongdoing

Germany's rich and famous in taxman's crosshairs

Amid the spate of cases, the public perception of tax-dodging is shifting from that of a naughty but common misdemeanour to a crime and a moral assault on fair burden sharing in society.

'Hippocratic oath for bankers’ rejected by ethics chief

New rules will say that banks have to improve their behaviour across the industry through a series of ethical guidelines and a new committee to oversee improvements

Regulatory Burden, Swiss Tax Evasion, CFTC: Compliance

Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility

Legal,Regulation,Tax & Compliance