07/22/2013
Fraud and cybercrime biggest non-investment risks to family offices
Sustainability, data loss, fraud and theft are among the top non-investment risks faced by private families and the offices that serve them
Legal,Regulation,Tax & Compliance
07/22/2013
Tycoon blames RBS in ‘billion-dollar swindle’
A taiwanese shipping magnate claims he was swindled out of more than a billion dollars by Royal Bank of Scotland.
07/21/2013
Credit Agricole launches global panel shake-up
Credit Agricole has opened the bidding for places on its new panel, just two years after its last review.
07/21/2013
German tax dodgers turn over new leaf
The German authorities have been able to wave a big stick since purchasing a number of CDs purportedly containing sensitive Swiss bank client data
07/20/2013
UBS Germany tax probe fine could top 150 mln euros - magazine
The German operations of Swiss bank UBS could be fined more than 150 million euros
07/19/2013
Rules on international tax evasion could be in place in 2014: OECD
The plan calls for a universal and automatic exchange of financial information
07/19/2013
Swiss reality on wealth tax
Australia's challenge is not to invent new taxes but to waste less.
07/18/2013
Top Sullivan private client partner heads to London for UK launch
Sullivan & Cromwell is expanding its international private client practice to London with the transfer of New York-based group leader Basil Zirinis.
07/17/2013
Former Goldman Director Gupta Fined, Banned in SEC Case
Mr. Gupta, 64, is appealing his June 2012 conviction
07/17/2013
Liechtenstein Bank stows extra $33 mln for imminent U.S. Tax Deal
LLB accused of Aiding Wealthy Americans to Evade Tax
07/17/2013
Withers sees 4% revenue increase while PEP drops 4%
Withers has posted its financial results for 2012-13, with revenues up 4% on last year while profits per equity partner have fallen by 4%.
07/16/2013
Japan Shows How to Stop Corporate Tax Evasion Using Tax Havens
Japan has a law called the Tax Haven Counter Measure Law. It applies to any Japanese subsidiary in a low tax jurisdiction with a tax rate of 20% or less
07/16/2013
Taxpayers spent £100,000 in travel and hotel costs for the former head of the Serious Fraud Office
She stepped down as its chief executive in 2012 after four years, was responsible for the agency’s day-to-day operation.
07/16/2013
Barclays' $453m fine for energy market manipulation upheld by FERC
We believe that our trading was legitimate and in compliance with applicable law
07/16/2013
Ex-HSBC employee hopes for widening of Europe tax probe
The investigations were blocked in various countries due to a lack of knowledge about the objective and the scale of the problem,
07/16/2013
The accord is meant to counter tax evasion and avoidance
Macau and Malta have agreed to work together to prevent tax evasion and tax avoidance.
07/16/2013
OECD launches Action Plan on Base Erosion and Profit Shifting
National tax laws have not kept pace with the globalisation of corporations and the digital economy, leaving gaps that can be exploited by multi-national corporations to artificially reduce their taxes.
07/15/2013
FATCA | Registration Portal delayed and certain deadlines extended - Withers
On July 12, 2013, the Internal Revenue Service announced revised timelines in connection with the staged implementation of the various due diligence, verification, withholding, and reporting requirements
07/15/2013
FINMA signed cooperation arrangements with 28 EU and EEA states
The Swiss Financial Market Supervisory Authority FINMA has Signed Cooperation Arrangements with 28 EU and EEA Member States
07/15/2013
Duane Morris Picks Up Corporate Tax Pro From Proskauer
Wheater focuses her practice on the tax aspects of a broad range of issues. She has significant experience in structuring private equity, venture capital and other funds, including holding companies, carried interest and deal structures.