12/20/2013
Shareholders have been selling stakes, offloading stock to brokerages and buying it back the next day, or moving shares to asset-management companies they control, said Masakazu Kito, head of wealth management at the securities unit of Japan’s third
12/20/2013
Deutsche Bank says not party to 'dividend stripping' tax issue
Deutsche Bank on Thursday said it did not expect to have to make payments to cover back taxes by clients, after some of its banking rivals ran into trouble over a tax rebate strategy known as "dividend stripping."
12/19/2013
The deal, known as a FACTA agreement, means the Dutch tax authority will be given information about Dutch nationals with tax obligations in the US and vice versa.
12/18/2013
Schroders' accounts fail to explain how much of his pay, bonuses, pension and other incentives were for one contract and how much for the other.
12/18/2013
llicit cash flows cost poor countries billions as wealthy nations fail to honour pledges to halt activity, claims damning new report
12/17/2013
The UK’S financial services contributed £65bn in taxes during 2012-13, rising £2bn from last year to make up more than one tenth of all revenues.
12/17/2013
The number of new incorporations across the whole offshore region has fallen slightly compared with the previous six-month period but as the number of firms ceasing to trade has also dropped, this has allowed most registries to continue to grow. Many are
12/17/2013
Prospects for fatter dividend payouts from Switzerland’s biggest banks are receding as Swiss authorities ratchet up capital demands.
12/16/2013
UBS 'not responsible' to shareholders in rogue trader claim
US shareholders, including two New York based pension funds, claimed UBS officials and then-chief executive Oswald Gruebel had misled investors by frequently touting the bank’s internal controls prior to Adoboli’s fictious trades being reveale
12/16/2013
Switzerland's plan to raise the leverage ratio required of banks is unrealistic, the chief executive of top Swiss bank UBS said in a newspaper interview published on Sunday.
12/16/2013
Those murky ties have drawn unwanted attention to Omega Diamonds, one of the largest importers of African diamonds, which faces fines of up to US$6.3 billion in a customs-fraud trial that started last month.
12/16/2013
Partners at KPMG have seen their earnings soar to £713,000 each on average
12/16/2013
Despite a number of encouraging breakthroughs on tax dodging in 2013, much work lies ahead if tax justice is to become a reality
12/15/2013
The Bank of England has taken unprecedented action to strip a senior banker of key responsibilities due to concerns over potential conflicts.
12/13/2013
It advocates stronger controls on the Vatican's bank - whose main purpose is to provide financial services for Vatican employees and religious groups - and another financial office.
12/11/2013
Five years ago today, Bernie Madoff was arrested for running the largest Ponzi scheme.
12/10/2013
Barclays shares ActionAid’s belief that companies and individuals should pay the right amount of tax in the countries in which they generate revenue.
12/10/2013
The first Swiss banks have signalled their readiness to work with U.S. officials
12/09/2013
Under the new annual return regime, registered charities will be obliged to provide additional key information to the Commission
12/09/2013
It is sometimes asserted that the Basel capital framework prescribes a zero risk weight for bank exposures to sovereigns.