Managers of Wealth

German prosecutors search UBS clients in tax probe

A number of state prosecutors and about 50 tax investigators were undertaking the searches of domestic German clients of UBS

International law firm hires hedge fund expert

He was previously with Allen & Overy

HMRC launches website in tax evasion amnesty

Campaign is part of HMRC’s “broader work” to tackle evasion and fraud that is being funded with £917m from government.

Taxman’s avoidance and evasion crackdown hits record yield

THE TOTAL YIELD from investigations into tax avoidance and evasion hit £21bn in 2011/12, a jump of approximately a third.

Savoy Investment Management slapped on the wrist by FSA for wealth management failings

As a result of these failings, a review of a sample of files found that 23% showed a high risk of unsuitability.

RBS, UBS Traders Said to Face Arrest in Libor Probe

Police, directed by Serious Fraud Office prosecutors, will act in the next month, said the person, who declined to be identified because the matter isn’t public.

'Significant' developments imminent in Libor inquiry, says Serious Fraud Office

The government department said in July it could prosecute banks

Multi-millionaire Labour MP's family business 'paid just 0.25% tax on its profits'

She is now likely to face questions over the limited tax paid by Stemcor

EU Banker Bonus Plan May Be Watered Down

The Cypriot proposal is 'totally unacceptable'.

Greece Takes Aim at Tax Evasion Among Wealthy

In recent weeks, tax experts at Greece’s finance ministry have been scrutinizing the finances

Potential APAC legal transformational tie-up revealed

The UK firm is pushing to pursue a combination with the Chinese and Australian firm,

Obama Victory Leads Wealthy to Scurry on Pre-2013 Moves

“The wise, smart people are preparing themselves for a sunset of the Bush tax cuts.”

Liechtenstein banks weather tax evasion clampdown without mergers

Liechtenstein was removed from a global black list of uncooperative tax havens in 2009

US in talks with dozens of nations on anti-tax dodge pacts

The Treasury Department has already concluded a bilateral agreement with the United Kingdom

FSA to take action against fund managers

The FSA’s report suggested that conflicts of interest were rife in the sector, and said action was now being taken to force some managers to change the way they operated

UBS Denies Blocking Employees From Testifying for Adoboli

UBS AG’s top employment lawyer in Europe denied claims by former trader Kweku Adoboli that bank workers are barred from testifying in his defense at a trial over a $2.3 billion trading loss.

Commerzbank Can Appeal Dresdner Bonus Ruling: U.K. Court

“This is a major case for all the banks, which will affect what bank bosses can say about bonuses.”

German Authorities Investigate UBS Over Tax Evasion Claims

Finance officials in Mannheim, Germany, have launched an investigation into claims Swiss bank UBS helped Germans evade tax by transferring money out of the country, Stuttgarter Nachrichten reports.

Amanda Staveley accused of lying to protect £3m claim

Amanda Staveley, the financier who negotiated the multi-billion pound refinancing of Barclays, was branded a liar and unprofessional in a High Court battle over the sale of one of London’s most prestigious building.

George Osborne threatens big business with global tax crackdown

Britain has joined forces with Germany to declare war on taxdodging multinationals and called for an end to loopholes that have allowed them to siphon off billions in profits to tax havens.

Legal,Regulation,Tax & Compliance