04/15/2013
French MPs declare wealth in armchairs, watches and kayaks
Historic exercise known as Le Grand Déballage raises eyebrows with assets from €4,500 armchair to carbon canoes revealed
Legal,Regulation,Tax & Compliance
04/14/2013
Billionaire Sues FTI Over Soros Smear Campaign Claim
FTI said the claims were without merit.
04/14/2013
Austria finance minister turns heat on UK 'tax evasion'
Maria Fekter said the EU cannot force Austria to reform its banking secrecy laws without also forcing the UK to crack down on tax havens in its jurisdiction
04/14/2013
Merkel and Cameron lay groundwork for tax evasion fight
Both Merkel and Cameron want the EU to have an "ambitious offer on the table" when talks get underway with the US on trade deals later this year.
04/14/2013
Wealth tax to pay for EU bail-outs
Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone
04/11/2013
Germany wants 'tax FBI'
In the light of recent offshore tax evasion revelations, the German government needed more enforcement capability to pursue scofflaws.
04/11/2013
OSC accuses former CIBC, UBS investment banker of improper trades
He has negotiated a settlement agreement, which will be considered by a hearing panel on April 16.
04/11/2013
A&O makes up 19 to partner around the world including six in London
This year's round comes after the firm made up 23 new partners in 2012, including nine female promotions. Just two of this year's new partners are women.
04/10/2013
Barclays analyst caught in email gaffe: We’re going to steal website’s ideas
Barclays has been accused of “inappropriate” behaviour
04/10/2013
Online petition in Europe challenges tax havens
Years of spending cuts and tax rises in countries struggling to tame national debts have stoked public indignation about tax avoidance by the rich.
04/09/2013
UK signs tax deal with France, Germany, Italy and Spain
George Osborne has a signed an information exchange agreement with the finance ministers of France, Germany, Italy and Spain in the latest effort to crack down on tax evasion.
04/09/2013
KPMG fires partner for allegedly giving private client information to a third party
The company said that the partner violated its policies and betrayed the trust of clients and colleagues.
04/09/2013
'Tax cheats’ warned as HMRC launches new disclosure facilities
The agreements were based, in part, on the principles of the Foreign Account Tax Compliant Act.
04/09/2013
Appleby advises Asia Mezzanine Capital Corporation on a US$30m facility to CAAM
The Appleby team was led by Jeffrey Kirk, the banking and asset finance team leader in Appleby’s Hong Kong office and assisted by Associate, Vincent Chan.
04/09/2013
BNP Paribas Securities Services is first European custodian to offer a class action service
As of today, 95% of the class actions worldwide are still triggered in the US and Canada, yet this market practice is progressively expanding in a number of European markets, as well as in Asia.
04/09/2013
Julius Baer Chairman Sees ‘Painful Adjustments’ Over Tax Efforts
It will undoubtedly lead to a few painful adjustments
04/09/2013
MetLife hires Asia legal head from UBS
He succeeds Peter Cashin, who left his in-house role to join insurance firm Kennedys as a partner in Hong Kong.
04/08/2013
Hong Kong nets only small fry for laundering illegal Chinese money
His conviction is one of the few in Hong Kong for money laundering, despite the city's reputation as a hub in money transfers, both legal and illegal, carried out by wealthy Chinese.
04/08/2013
Credit Suisse, Julius Baer May Close Undeclared German Accounts
Switzerland, the world’s largest center for offshore wealth, is trying to shed its image as a haven for undeclared funds amid scrutiny from U.S. and European governments.
04/08/2013
Austria feels heat of EU's anti-bank-secrecy drive
The European Commission said Frieden's comments, made to a German newspaper, were a step in the right direction and that the ball was now in Austria's court.