Here’s why Switzerland may not go for a minimum corporate tax rate
The tax rate was expected to be around 15% at the time.
Legal
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Global regulatory update Q3 2023
Those updates covered a range of topics from environmental, social, and corporate governance to digital assets, anti-money laundering, counter-financing of terrorism and changes to several major regulations.
Digital asset manager receives Finma license
The company continues that the approval process was time-consuming and was carried out on its own initiative.
Wealthy Spaniards “fleeing” to Portugal
Wealthy Spaniards are increasingly looking to move to Portugal after the neighbouring country's Constitutional Court approved the application of a tax on large fortunes, reports El Economista. The “escape” to the Portuguese side of the border also follows the retreat regarding the elimination of the special IRS regime for non-habitual residents (RNH), which the […]
PIMFA welcomes reforms to ISAs including proposals to allow fractional share ownership
PIMFA, the trade association for wealth management, investment services and the financial advice and planning industry has welcomed Government proposals to reform Individual Savings Accounts (ISA), particularly proposals to allow fractional share ownership within Stocks and Shares ISAs for the first time. Simon Harrington, Head of Public Affairs at PIMFA, comments: “We welcome the […]
Shakira tax fraud case highlights perils of cross-border tax requirements for ‘nomadic’ UHNWs
Shakira settled a €14.5 million bill in Spain that hinged on where the singer lived during the disputed period.
Hawksford to acquire Cayman and US-based firm Paradigm Governance Partners
The acquisition will bring Paradigm’s specialist range of governance services to Hawksford’s global fund manager client base, complementing its longstanding expertise in key regions including Asia, EMEA and the UK.
PWC Makes its Way to the Top in Switzerland – and Hopes for UBS
Figures show that gross revenues rose by 30 percent in the financial year to June.
ZEDRA to acquire fiduciary services business from AlTi Tiedemann Global
ZEDRA will welcome 59 employees who have been providing trust, corporate, marine and aviation, and family office administration services through its offices in the Isle of Man, Geneva and London.
UBS's Ermotti to Get a Serious Case of Deja Vu as French Trial Continues
The trial overshadowed the end of Sergio Ermotti's first term as UBS's chief executive officer in the autumn of 2020.
Increasing the inheritance tax threshold will pull 12,500 families out of IHT annually
Quilter’s calculations show this reform would cost the Treasury on average £1.4 billion per year and prevent around 12,500 families paying inheritance tax each year.
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