Managers of Wealth

The worst-kept secret was a tax on the rich

The top rate of tax will now fall to 45 per cent from April 2013, and the expectation must be that a similar level of income will be deferred until 2013/14.

Number Of French Tax Exiles 'Marginal'

The union was presenting its findings to the Senate inquiry into the flight of capital and assets abroad.

Risks are increasing in quantity and severity - PwC

While concerns about further economic uncertainty continue to be top of mind for business leaders, issues such as fraud and ethics, mergers and acquisitions, large programs, new product introductions, and business continuity were identified among the top

Thomas Eggar ranked in Top 25 Most Admired

Thomas Eggar’s expert private client team provides a broad range of specialist legal and tax support to individuals in areas including family, wealth planning and tax & trusts.

Jewelers in India Extend Strike Seeking Withdrawal of Taxes

Gold jewelers in India, the world’s biggest bullion buyer, will extend the first nationwide strike in seven years for two more days to demand withdrawal of some levies, a trade group said.

Incoming SJ Berwin senior partner eyes international expansion

Kon - a key negotiator in the Proskauer talks - yesterday reaffirmed the firm’s plans to revisit the opportunity with another firm.

Who’s next on HMRC’s hit list?

The media recently seems to have been full of stories about tax avoidance – but do they really mean avoidance or do they mean evasion? It seems to me that the line is getting increasingly blurred.

Klayman & Toskes continues action against UBS

The Securities Arbitration Law Firm of Klayman & Toskes has announced that it is continuing to pursue securities arbitration claims against UBS Financial Services UBS with the Financial Industry Regulatory Authority's ("FINRA") Office o

Swiss “Tax Evasion Advisers” Hid Assets, Used Kids

Two Swiss men who acted as “full service tax evasion advisers” helped U.S. clients hide hundreds of millions of dollars from tax authorities, while delivering cash in hotels and through a child courier, prosecutors said.

Tax havens give EU commissioner the runaround

The EU commissioner trying to stop tax cheats from hiding money in Switzerland is puzzled why Austria and Luxembourg are standing in his way.

Swiss Private Bank's European credit sales head fined by FSA

He was an active participant in the guessing game and could have extracted himself before straying into dangerous territory but he did not do so.

Global Law Firm boosts productivity, improves client satisfaction and helps the environment

The new platform is used extensively for a wide range of activities – from senior executives holding board meetings to the internal support team running training sessions, global case reviews, and client meetings.

Millionaire accused of trying to sell fake wine for $1.3m

Prosecutors in New York charged Rudy Kurniawan, 35, with "multiple fraudulent schemes" relating to his wine business between 2007 and 2012, including attempting to sell fake wine and fraudulently obtaining millions of dollars in loans.

UBS, Deutsche Bank Fight U.K. Over Taxes on 2003 Bonus Plans

UBS AG (UBSN) and Deutsche Bank AG (DBK) said they don’t owe taxes over a 2003 compensation plan U.K. authorities argue was designed to avoid millions of pounds in taxes and national insurance contributions on employee bonuses.

Cayman-based firm makes waves here

The Cayman Islands-headquartered law firm wasted no time in launching an aggressive head-hunting campaign, poaching numerous market-leading partners and lawyers from A&L Goodbody, Matheson Ormsby Prentice and Arthur Cox.

Scots conman plots to reveal secrets of massive bank swindle after early release

The 34-year-old from Livingston, West Lothian, has been ordered to pay back £1,984,794 after a proceeds of crime investigation by City of London Police.

Dodd-Frank confusion reigns among buy-side asset managers

Rule Financial has announced the results of a study into the impact of the Dodd-Frank Act on the buy and sell-sides.

KPMG audit clears SNB governing board

The audit was commissioned by the SNB after former chairman Philipp Hildebrand resigned in January amidst a furore over international financial transactions carried out by his wife.

SA’s dollar millionaires fret over tax hikes

The subject of taxes paid by the rich is topical, particularly in countries such as the US and France where some want to be taxed at a higher rate to deflect criticism about a widening income gap between the poor and the wealthy.

Morgan Stanley ID's broker as 'madam's' potential mystery investor

The broker, David Walker, works in Morgan Stanley's wealth management unit, sources said.

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