Managers of Wealth

Despite the tough talk, this government is far too soft on tax evasion

You might have thought the politics of hard times would be the same whatever the country, and that burgeoning public deficits would mean tough measures to collect tax.

FCA defends 'pragmatic' data collection despite anger over rising costs

FCA chairman John Griffith-Jones has defended the regulator’s “pragmatic” data collection despite industry concerns over escalating costs.

Falcon Private Bank employee in Hong Kong ‘banned for life’ by SFC

The SFC said the case had been referred to it by the Hong Kong Monetary Authority

Most Highly Regarded Firms: Information Technology 2013

The firm’s depth of expertise is evidenced with listings spanning the breadth of its international offices.

FCA Looks to Extend FSCS Payouts to Larger Firms

Larger unincorporated firms including charities could be in line for FSCS payouts

Britain Weighs Creating System to Reward Whistle-Blowers

British government is considering creating a reward system, similar to ones in the United States

Tax Evasion Could be Human Rights Abuse

Financial systems that enable tax evasion could be in violation of international human rights, a task force believes.

HMRC should launch tax amnesty for evaders to raise £17bn

The figure of £17bn is based on an estimated £12.95bn from accidental or careless evasion and £4.89bn through deliberate evasion.

Last Chance to Report Foreign Bank Accounts to IRS

While some people intentionally evade taxes by hiding money offshore, most people with foreign accounts simply don't understand the law.

G20: Charity Appeals For Tax Action

Assistance for developing countries to alleviate tax evasion remains high on the agenda for NGOs

Baker Tilly announces Tenon office mergers

According to the Top Ten firm, the offices in these areas will begin merging in early 2014.

Swiss Edge Further Away From Bank Secrecy With New Tax Steps

Switzerland plans to cooperate with foreign authorities on tax matters and revise its tax savings deal with the European Union

Italian tax chief believes 'evasion for survival' exists

Befera says would be less cheating if Italy taxed less

Human rights fear over bankers’ bonuses

The FCA and the PRA were largely supportive of the commission’s proposals to improve industry standards

FCA's Griffith-Jones: 'there is more work to be done on suitability'

Suitability remains firmly on the Financial Conduct Authority’s radar in the wealth management sector

Netherlands Clamps Down On Intra-Group Tax Evasion

The measure forms part of efforts to actively combat international tax avoidance, without altering the basic structure of the Dutch tax system.

FCA crackdown on fund managers gathers pace

The newspaper also reports the regulator has put together its first asset management supervisory team, which consists of more than 50 employees.

Kinetic Partners offers background checks on fund managers

Kinetic Partners is now offering a global background checking service to complement its investor led fund, fund manager and service provider operational due diligence services.

Tax avoidance: Canada-Barbados tax deal loopholes revealed

Canadian companies have flocked to Barbados with their cash in order to legally avoid paying Canadian taxes.

Legal Farm Teams

Last spring, the Royal Bank of Canada came under fire for outsourcing some of its technology services.

Legal,Regulation,Tax & Compliance