Legal

2116 articles found

Macfarlanes advises Canaccord Wealth on acquisition of EFG Harris Allday

Macfarlanes has advised wealth management firm Canaccord Wealth on the acquisition of the front office teams and client assets of EFG Harris Allday from EFG International.  EFG Harris Allday is a UK wealth management firm primarily serving high-net-worth individuals across the Midlands region.    The business currently sits within EFG Private Bank, itself a subsidiary […]

PIMFA raises concerns over FCA’s disclosures plan

PIMFA has raised concerns over the FCA’s Simplifying Consumer Investment Disclosures consultation.   The regulator is seeking to make improvements to the rules around the disclosures required to sell investment products and services to retail investors.   PIMFA said it is ‘supportive’ of the FCA’s objective of simplifying disclosures, but believes some of the proposals […]

How Tax Goddess Rebuilt the CPA Model for the Top 1%

Tax Goddess has secured over $2.35 billion in documented client tax savings since 2004, driving average client tax rates down to 6.92 percent. Tax Goddess replaced hourly billing with three flat-rate tiers, running from $10,000 to $350,000, so every client knows the full price before the work starts. Every tax plan is scored on the […]

The tax threat that is keeping millionaires up at night

Millionaires now see the government and higher taxes as the biggest threat to their wealth — ahead of inflation, market turmoil and even global political instability.   Research among the most wealthy in Britain found that nearly half believed higher taxes posed the greatest risk to their fortunes, while more than a quarter pointed to […]

Wealth tax: options for taxing wealth and raising revenue

Footballers are not usually known for asking to pay more tax. Yet more than 100 millionaires, including Gary Lineker, wrote to the Prime Minister urging him to introduce a 2% annual wealth tax on assets worth over £10m. Backed by the Patriotic Millionaires campaign, the proposal aims to tackle inequality and fund public services.   […]

Tax reform needed to boost growth in Scotland

Scotland’s complex income tax system risks deterring investment, relocation and senior talent, Rathbones, one of the largest wealth and asset management firms in Scotland, is warning Rathbones calls on Anas Sarwar to use Westminster role to champion policies that support Scottish growth, entrepreneurship and competitiveness Rathbones has called for a renewed focus on Scotland’s long-term […]

Cembra attacks the car business with a Santander deal

Cembra increased its profit and significantly reduced costs in the first half of the year. At the same time, the bank expanded its vehicle financing business with a major acquisition.   Cembra is embarking on a major growth trajectory in the Swiss vehicle financing market. The bank is acquiring a significant portion of Santander Consumer […]

Raid at Deutsche Bank headquarters

Business Insider was informed and reports on the deployment of more than 70 tax investigators at Deutsche Bank's headquarters in Frankfurt. The investigation apparently concerns Postbank's past business dealings between 2008 and 2010, long before its acquisition by Deutsche Bank.    Just last week, the Frankfurt public prosecutor's office confirmed a raid on a branch […]