Why you should worry about new super tax – even with less than $3m
These two worked examples show how the taxing of unrealised capital gains can have unintended consequences.
Legal
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Tax practice acquires West Lancashire firm
The practice also assists offshore banks and trust companies throughout Europe with UK tax issues.
Corporate Taxation Arrives in the UAE – What? Why? And What are the Implications?
These and other key questions were put to a panel of experts who offered their insights and proffered words of advice to the wealth management community in the region.
UBS Settles Tuna Bond Case in Mozambique
UBS and Mozambique governments have resolved their dispute over the tuna bonds inherited from Credit Suisse.
Nine lawyers featured in Spear's Magazine's 2023 rankings
These individuals work with high and ultra-high net worth clients around the world.
Retirement planning: How to pay less tax
Married couples and people in civil partnerships can double most of these tax-free amounts by using both sets of allowances.
Strengthened Client Scrutiny by Singapore Banks: Addressing Money-Laundering Concerns
Banks in Singapore are intensifying efforts to identify the sources of wealth as the city-state grapples with a ballooning S$2.4bn (US$1.8bn) money-laundering scandal. Scrutiny of customers from various countries, including China, has increased at financial institutions, resulting in longer waiting periods to open private banking accounts, which now range from three to four months, […]
IHT receipts show fresh year-on-year rise
New data published by HMRC shows that IHT receipts for April to August 2023 were £3.2 billion, which is £0.3 billion higher than the same period a year earlier. Laura Hayward, tax partner at Evelyn Partners comments. “Rising IHT receipts are continuing to prove extremely lucrative for the Treasury and this doesn’t look set […]
Credit Suisse unit ordered to pay Georgian tycoon Ivanishvili US$743 mil
A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili US$742.7 million ($1.01 billion) by a Singapore court as it confirmed that the bank’s trust had failed to safeguard its client’s assets. The amount was revised down from the US$926 million assessed by the court in May. At the time, the court […]
HMSA joins the 16% of applicants who have a Finma trustee licence
Geneva-based HMSA has been authorised as a trust company by Finma. HMSA said that the authorisation process was demanding and complex. The deadline for companies to apply under the new regulations was the end of last year, although a small number had extensions. However, of the 387 companies that notified Finma in […]
Standard Chartered and Dubai Department of Economy and Tourism sign Cooperation Agreement to promote business opportunities between Hong Kong and Dubai
Standard Chartered and the Dubai Department of Economy and Tourism will also set up a joint working group to discuss about how to achieve these objectives.
China police detain some Evergrande wealth management staff
The police said the investigation into the financial management unit was ongoing and urged investors to report any further financial crimes.