Managers of Wealth

French CGT rethink brings back wealth property buyers

Wealthy investors are rekindling their interest in French property now the government has clarified capital gains tax laws.

U.S. Expats Balk at Tax Law

More U.S. citizens are giving up their American passports as the government cracks down on tax evaders.

Financial firms forced to set targets for women on boards

The UK's largest financial firms will be forced to set targets for the number of women on their boards from 2014, under proposals outlined by City regulators.

'Cowboy' tax advisers face £1m in HMRC fines

"The proposals in this consultation will allow HMRC to further close in on the cowboy advisers promoting these high-risk schemes," David Gauke, the Treasury Secretary, said.

Greek deputy PM says UK has become top destination for tax avoiders

Evangelos Venizelos, the deputy Prime Minister of Greece, has said London has replaced Switzerland as the destination for wealthy Greeks looking to avoid taxes.

International business law firm hires Davenport Lyons finance partner

International business law firm has strengthened further its leading finance group by hiring a partner from Davenport Lyons.

U.K. Publishes List of Wanted Tax Fugitives

Tax fraud and evasion is illegal and will not be tolerated

Swiss court keeps French tax probe witness in custody

A Swiss court said on Thursday it has rejected an appeal against the continued detention of a witness in a French tax evasion investigation, who is being held in jail over allegations that he breached Swiss laws on banking secrecy.

King & Wood Mallesons and SJ Berwin advise IRESS on acquisition of Avelo FS Holdings

Less than one week after announcing their merger, King & Wood Mallesons and SJ Berwin are joining forces to advise ASX-listed IRESS on its acquisition of Avelo FS Holdings, a provider of financial services technology in the UK.

Addleshaw Goddard enters into a Hong Kong association

Addleshaw Goddard has announced plans to increase its capability in Hong Kong through a formal association with a newly established local firm

Swiss outline what-if rescue option for big banks

Switzerland's two biggest banks would have to be rescued by its creditors and shareholders before the government steps in with a bailout

Legal costs mount for Europe's banks

Many of Europe's top banks have more than tripled their provisions for litigation and regulatory expenses over the past year

Lib Dems plot tax raids on the rich

The Liberal Democrats are planning a raid on the wealthy after the next election

LME and Goldman face suit over metals 'monopolism'

The lawsuit alleges "anti-competitive and monopolistic behaviour in the warehousing market in connection with aluminium prices

Killik hit with £544,000 FSCS bill

Killik described the bill as a ‘large payment’ and said its size came down to the portion of costs it had to pay in order to compensate clients for the failure of other financial institutions.

HSBC replaces long-time auditor KPMG with PwC

HSBC Holdings said PricewaterhouseCoopers (PwC) will be its auditor from 2015, replacing KPMG, in the first change by a major UK bank after calls from regulators for firms to change their accountants more regularly.

DWF Leeds advises Mattioli Woods on £6m acquisition

The deal is valued at up to £5.99 million and is to be satisfied partly in cash

New reports review jurisdictions’ information exchange - OECD

The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange.

Four arrests made in FCA's insider dealing investigation

The FCA with the assistance of the Metropolitan Police has this morning executed search warrants in West London.

Liechtenstein Bank Gets Non Prosecution Agreement, To Pay $23.8 Million

The NPA provides that LLB-Vaduz will not be criminally prosecuted for opening and maintaining undeclared bank accounts for U.S. taxpayers from 2001 through 2011

Legal,Regulation,Tax & Compliance