Managers of Wealth

Growing reach: Eversheds Sutherland Switzerland opens an office in Zug

We believe in the potential of many innovative companies in the Crypto Valley and are excited to link them to other jurisdictions within our global network.

The world's largest law firm announces combination with elite Ecuadorian law firm

Dentons' combination with Paz Horowitz Abogados in Ecuador would further strengthen Dentons’ position as the only pan-Latin American law firm, with locations across 26 countries.

London's wealthy are bolstering the stamp duty bill

Such properties, according to these estate agents, are therefore in high demand and currently tend to come with a much higher price tag of £1m and above.

‘I’m Innocent,’ UBS Bankers Say as $5 Billion Appeal Starts

New York Senate proposes new tax on auction sale of art

The tax would be imposed on the purchaser and collected by the auctioneer in addition to state and local sales tax.

UBS French tax evasion appeal: what's at stake

A main pillar of the bank’s defence is that it was complying with the tax regulations of the day – the European Union Savings Directive, which did not compel banks to hand over client data to other countries.

The Bahamas Removed from the French List of Non-Cooperative States and Territories in Tax Matters.

The French Government has imposed a number of sanctions on blacklisted countries, including applying withholding taxes at a higher rate on financial transactions involving blacklisted countries.

How to reduce your Capital Gains Tax bill

How Capital Gains Tax works, and how to check you’re not paying unnecessary tax on your profits

UBS heads into record 4.5 bln euro French tax case appeal

The bank has denied any wrongdoing. It has so far set aside a tenth of that amount, or 450 million euros, to cover the penalties.

Amendments to Personal Data Protection Act

This round of amendments will introduce significant change to the existing data protection regime in Singapore, which bring it closer in line with higher global standards.

Key Financial Services trends from 2020

Both plans set out operational and financial resilience as key priorities during a time of turbulence; the regulator has since worked with firms to review their contingency plans and survey their financial stability.

Reduce inheritance tax by leaving a gift to charity

The reduced rate of 36% applies where the individual leaves at least 10% of their net estate, known as ‘the baseline amount’, to charity.

Immigration options for those wishing to invest in and relocate to the UK

If the applicant invested £5m or £10m in the UK, they may qualify for ILR after three years or two years respectively.

Marketing into the EU: Considerations for US asset managers

In this briefing we discuss the key considerations for US and other non-EU asset managers

Warning lights flickering for South Africa’s wealthy taxpayer

Tax compliance, proper professional planning and the appropriate use of annual allowances are key to navigate any aggressive changes in tax legislation that may be necessary sooner rather than later,

Cyprus Tax authorities extend the imposition of penalties for late submission on DAC 6

The Tax Department will not begin imposing administrative fines until 30 June 2021

Trust company fined $835,000 for opening ‘gateway to possible money laundering’ in Angola

An investment scheme involving tycoon Jean-Claude Bastos de Morais exposed in ICIJ’s Paradise Papers investigation bore “obvious” risks of possible corruption, a Jersey court finds.

Budget 2021: Non-doms can rest easy for now

The definition of ‘residence’ for the purposes of these rules also differs to that for other UK taxes, which could result in some anomalies.

UBS Set to Use Money-Launderer Case to Cut $5.4 Billion Penalty

UBS and six bankers have three weeks to win over appeals court

Credit Suisse Banker Wins Dispute Over Island Home

After years in the courts, a resolution has been reached with regards to a court case between an Australian billionaire and longstanding Credit Suisse board member Kai Nargolwala over a luxury hideaway in Thailand.

Legal,Regulation,Tax & Compliance