Managers of Wealth

Aviation: Belgium to introduce a boarding tax

While the tax is intended to combat environmental pollution, it will clearly help curb the budgetary deficit Belgium is currently facing, as the new measure should raise €30 million.

Will the global corporate tax deal really level the playing field?

MT Asks: Global leaders have agreed on a minimum corporate tax rate, but how will it actually affect business leaders?

Evergrande suffers setback as debt-stricken developer fails to sell its US$1.7 billion Hong Kong office tower to Yuexiu Property

The deal was expected to be completed by the end of September, sources close to the matter had previously told the Post.

Global tax deal approval ‘to take at least a year’, says president

Switzerland will need at least a year to gain domestic approval for new tax measures to conform with a 15% global minimum corporate tax rate, according to Guy Parmelin, who holds the rotating Swiss presidency this year.

Coronavirus, tax and the owners of Furnished Holiday Lets

The main difference with FHLs when compared to standard residential lettings is that they are treated as a trade for certain tax purposes.

Old is gold – The Singapore shophouse

Despite all that glitters, potential investors are urged to do their due diligence before jumping in, as they should consider stamp duty, restriction on renovation and use restrictions.

Goldman, Morgan Stanley Sued Over Archegos-Linked Block Trades

This was followed by a $3.9 billion sales of shares in ViacomCBS Inc., Discovery Inc., Farfetch Ltd., iQiyi Inc. and GSX Techedu Inc.

Investors are Paying Attention to Class Action Settlements. Are Their Advisers?

Overall, we are watching asset recovery trends continue upwards.

Apex Group closes acquisition of ARM Swiss Representatives

ASR’s integration into the Group will enable clients to benefit from Apex’s international footprint

Wall Street Enforcer Becomes First Black U.S. Attorney for Manhattan

Damian Williams is taking charge of the office known for being the nation’s most aggressive prosecutor of white-collar crime.

Switzerland Hands over Account Information

The FTA sent information on around 3.3 million financial accounts to the partner states and received information on around 2.1 financial accounts from them.

Exchange of information with 96 countries on around 3.3 million financial accounts

The legal basis for the implementation of the AEOI in Switzerland came into force on 1 January 2017.

GFG Alliance and Credit Suisse agree on debt deal

In the UK, GFG announced that it will invest £ 50 million ($ 68 million) in restarting Liberty Steel's Rotherham blast furnace.

7IM in legal battle with former partner; £23m acquisition bill

Assets under management at Seven Investment Management rose 24% last year on the back of acquisitions by the group.

Parliamentary group publishes 'fraud and theft within families' report

‘Tackle the elephant in the room’

Guernsey's new bespoke private wealth structure

Trusts have long been the “go to” structure for the holding of family wealth for its protection and for passing it on to future generations.

Rates Unchanged, But Gradual Liquidity Withdrawal

Global central banks across the world have indicated taper over the last month.

A growing worry for charities: Tax havens for the rich

When the wealth of an American individual or couple exceeds a threshold - $11.7 million or $23.4 million, respectively - each dollar value above that level, once bequeathed, is subject to a federal estate tax of up to 40% for each generation.

Post-Brexit push: FCA to market London's financial services sector abroad

With the Treasury now planning to respond to the report in autumn ministers have hinted that financial regulators could be required to factor Britain’s global position in the financial services sector into policy decisions.

Switzerland calls for legal certainty in the implementation of the key parameters in international corporate taxation

This measure benefits countries like Switzerland with a comparatively long legislative process.

Legal,Regulation,Tax & Compliance