03/07/2012
Swiss lawmakers passed a proposal on Monday allowing Switzerland to hand over data on suspected tax evaders, even if U.S. tax authorities cannot identify alleged offenders by name or bank account.
03/07/2012
Stanford, 61, looked down as the verdict was read, the Associated Press reported. He was acquitted on one count of wire fraud.
03/07/2012
In addition to the new Alternatives tab, the site now contains Morningstar market tools and an expanded video library featuring interviews with top portfolio managers and newsmakers, analysts, and some of the leading voices in the advisory community, alon
03/07/2012
An Indonesian court convicted on Wednesday a former relationship manager with Citibank of money laundering in a case involving Ferraris bought with ill-gotten cash that powered the lifestyles of a glamour-hungry clique.
03/06/2012
The FATCA Seminar was tailored to address the unique needs of Middle Eastern institutions, including Islamic banking and takaful insurance structures as well as sovereign wealth funds, and family offices.
03/06/2012
Aggressive tax planning – untaxed income, multiple deductions and other forms of international tax arbitrage - is a growing concern for all governments.
03/05/2012
Dark-haired Ukrainian head-turner Renata Shamrakova, 26, was busted Thursday by the Manhattan District Attorney on charges of bilking the financier of nearly $1 million during the year that she was his personal assistant.
03/02/2012
The UK tax system has reached breaking point
The bottom line is that people think it a jolly good thing that others are taxed, but they deeply resent paying it themselves.
03/02/2012
US-Swiss tax treaty passes large parliamentary hurdle
The treaty would allow the US to make a request for judicial assistance without supply the names and addresses of the US residents suspected of offshore tax evasion if there is clear evidence that a bank or its employees are suspected of encouraging such
03/02/2012
Credit Suisse trader loses employment tribunal
A Credit Suisse trader who claimed his boss told him to pull himself together when he complained of feeling suicidal has lost his tribunal claim.
03/02/2012
Foreign Account Tax Compliance Act in Costa Rica
Do Canadians and Europeans have to be concerned with understanding this at all?
03/01/2012
Swiss lawmakers set for tax plan vote
Switzerland's lower house will vote on a proposal clarifying how Switzerland would hand over data on wealthy Americans suspected of dodging taxes at home.
02/29/2012
HSBC provides info on clients having accounts in India to US Close
In April last year, HSBC Bank USA received summons from the US Internal Revenue Service (IRS) asking the entity to produce records with respect to US-based clients of an HSBC group company in India, the banking giant has said.
02/29/2012
Baillie Gifford appoints Kii Hub for KIID solution
Asset managers already using the Kii Hub solution include Aberdeen Asset Management, Jupiter Investment Management Group, Ignis Asset Management, Martin Currie Investment Management and Neptune Investment Management.
02/28/2012
Tax avoidance clampdown: Barclays statement in full
Barclays said it was the bank at the centre of a clampdown by Britain on two tax avoidance schemes that the government said would close loopholes and raise more than £500m in tax. Here is the bank's statement:
02/27/2012
How to have a 'nice' divorce
Debrett’s Guide to Civilised Separation is not all social niceties, however.
02/27/2012
FSA warns on 'default' suitability of independent advice solutions
The FSA says independent advisers will be able to use discretionary investment services, model portfolios, platforms and panels post-RDR as long as they are not the default solution and suitability is established for individual clients.
02/27/2012
Bank tax dodges halted by retrospective law
A bank in the UK has been forced to pay more than half a billion pounds in tax which it had dodged by using "highly abusive" tax avoidance schemes.
02/27/2012
German Foundation Eyes Wealth Tax Reforms
In its release, the Foundation explains that although private net wealth in Germany is four times public debt, the state nevertheless does not sufficiently tax large wealth.
02/26/2012
HMRC launches tax evasion task force
In what has been described as a "gloves off" approach, HMRC will be launching the new task forces in the 2012/13 tax year, which begins April 6.