09/16/2012
The state of North-Rhine Westphalia has helped Germany recover more than 3 billion euros ($3.9 billion) from German tax evaders after buying compact discs with details of Swiss bank accounts, according to the region's finance ministry.
09/16/2012
All 27 EU countries must agree on the new system, even though it will only apply to the 17 counties of the eurozone initially.
09/16/2012
Property entrepreneur Robert Tchenguiz has been released from bail, leading to a growing belief that the Serious Fraud Office is preparing to drop its long-running investigation of his business activities.
09/16/2012
Partners at PricewaterhouseCoopers took home less pay last year, despite the firm posting a 10pc rise in overall profits.
09/16/2012
There have been renewed calls for the Belgian government to honour its pledge and reform the current system of taxation in Belgium, to remove the current disparity between the taxation of labour and the taxation of wealth, and in so doing shake off the co
09/16/2012
Former UBS trader Kweku Adoboli went on trial today for allegedly losing $2.3 billion in rogue trades.
09/16/2012
On September 12, the United States and the United Kingdom governments announced the signing of a bilateral agreement to implement the information reporting and withholding tax provisions within the Foreign Account Tax Compliance Act (FATCA).
09/16/2012
Leading Swiss Private bank to reveal more data, staff names in US tax probe
For the first time, Credit Suisse employees will be told before their names are disclosed to U.S. officials, a bank spokesman said, after previous transfers of information by banks drew criticism.
09/12/2012
Freshfields is advising Barclays with a team headed up by London disputes partner Simon Orton, alongside Ewan McQuater QC, David Quest and Sandy Phipps from 3 Verulam Buildings.
09/12/2012
The Financial Services Authority (FSA) has banned a financial adviser after he gave false references from a previous employer, from which he had been dismissed for dishonesty.
09/12/2012
The Treasury Department has approved an initial settlement that will also involve Manhattan's top prosecutor and the Department of Justice, the New York Times said.
09/12/2012
Royal Bank of Scotland and two other banks have begun legal proceedings against an investment vehicle owned by Dubai's ruler, seeking immediate repayment after abandoning talks to restructure $10 billion in debts.
09/12/2012
Merrill Lynch must pay US$3.6 million ($4.4 million) to an heiress from Brazil who said she lost tens of millions of dollars due to unauthorised trades made by her brother in her account, a securities arbitration panel has ruled.
09/12/2012
Many Swiss are fuming after a whistleblower, who helped prosecute Swiss bank UBS for helping rich Americans avoid taxes, was paid a record $104 million by U.S. authorities after being jailed for his own part in the affair.
09/11/2012
The Investment Management Association (IMA) has called for the inter-bank borrowing rate Libor to be reformed and kept, rather than replaced with a new benchmark.
09/11/2012
"the tax would produce little revenue, be extremely difficult to administer, risk serious damage to the economy and run into serious opposition".
09/11/2012
US tax authorities have awarded $104m (£65m) to Bradley Birkenfeld, the whistleblower in a major tax evasion case against UBS, the Swiss bank.
09/11/2012
For eight years he was the director of Liechtenstein's Financial Intelligence Unit, the department which gathers and analyses information used by police to combat money laundering, organized crime and the financing of terrorism.
09/10/2012
Financial services start-ups waited nearly six months for FSA approval in the first quarter of 2012, data obtained by Reynolds Porter Chamberlain has revealed.
09/10/2012
Liechtenstein is currently considering the idea of concluding a withholding tax agreement with Germany, providing for an automatic exchange of tax information.