Managers of Wealth

Regulation: The solution to Bitcoin’s risks and unrealized benefits

Distributed ledger technology is key to the promotion of cryptocurrencies like Bitcoin, which was launched in 2008.

The IRS’ 'Dirty Dozen' Tax Scams for 2021

The IRS warns people to be on the lookout for promoters who peddle false hopes of large tax deductions from abusive arrangements.

Opinion: The global tax revolution is coming

One hundred and thirty countries have reached an agreement on implementing a better system of taxation, under the aegis of the OECD.

Switzerland conditionally supports key parameters for international corporate taxation

A multilateral agreement should ensure that a proliferation of national solutions is prevented and thereby create legal certainty.

130 countries and jurisdictions join bold new framework for international tax reform

Pillar Two seeks to put a floor on competition over corporate income tax, through the introduction of a global minimum corporate tax rate that countries can use to protect their tax bases.

Asset Management Europe: Monthly Macro Insights – July 2021

The increase in global food prices has slowly started to feed into domestic consumer prices in some regions as retailers, unable to absorb the rising costs, are passing on the increases to consumers.

How can HMRC encourage more co-operative relationships with the wealthy and their agents?

“Wealthy” being anyone with an income over £200,000 per annum or assets of over £2m.

EBRD “at full strength to accelerate the recovery and the green transition”, President says

The Governors’ session on Thursday will launch a discussion, whereby the economies in which the Bank invests will be asked what help they need.

To the victor, the spoils: When UHNW divorce becomes a battle, this is how top lawyers win

High stakes mean that, despite efforts to make UHNW divorce less confrontational, the marriages of many still end in acrimonious legal battles.

Switzerland takes over presidency of Intra-European Organisation of Tax Administrations

The FTA has been a member of IOTA since 2006 and has been a member of the nine-member Executive Council since summer 2019.

EU watchdog: Insufficient transposition of legislation results in unlevel playing field against money laundering

For a start, the EU should use regulations in preference to directives wherever possible, given the need for legislation to be implemented coherently at member state level, he added.

Office of the Attorney General of Switzerland opens investigation

The Swiss investigation aims to clarify whether in relation to this complex of facts any offences could have been committed on Swiss soil.

French court rejects constitutional challenge by UBS in tax case

Lawyers for UBS argued in the appeals trial three months ago that despite whistleblowers coming forward

UK: Overview of the taxation of cryptoassets

Because of the volatility in the crypto market, actually valuing cryptoassets on disposal can be complicated.

Private client review for June

In this article, the June monthly update review for Tax Journal, Edward Reed and Mark Stichbury look at a number of private client developments.

BIS Annual Economic Report 2021

In the coming year, issues such as corporate insolvencies and capital and labour reallocation will come to the fore.

Deutsche Bank compensates Spanish winemaker over forex scandal

German lender pays €10m to JGC to settle claims of mis-selling exotic derivatives

Celebrating Major Milestones in London and the Channel Islands

Jack Boldarin: London was our first international office outside of the Cayman Islands 20 years ago because we believed then, as we do now, that being a leading player in London is vital to our global client base.

The free flow of personal data from the European Economic Area to the United Kingdom can continue (at least for now)

The European Commission stated it would reassess the need for this exclusion following developments in UK law.

Top lawyer at City watchdog used celebrity tax avoidance scheme

The celebrity tax avoidance scheme cost the taxpayer £52m and included the likes of Jimmy Carr, Wayne Rooney and Arsène Wenger

Legal,Regulation,Tax & Compliance