Managers of Wealth Offshore

Portugal relaxes tax rules for expats ‎

Foreigners in the debt-burdened European country will now find it easier to apply for a tax break.

UBS Sues Billionaire Olenicoff for Filing Failed Tax Suit

Olenicoff, who built his fortune as the chief executive officer of Newport Beach, California-based Olen Properties Corp., pleaded guilty in 2007 to filing a false tax return.

Linklaters and Cleary lead on Bank of America wealth management sell-off

The New York firm fielded a cross-border team led by corporate partners Paul Shim and Simon Jay, based in the New York and the London offices respectively.

UBS's tax bogeyman rears ugly head again

As of January next year, Germans with Swiss bank accounts will have to pay a charge of between 21 and 41 percent of their total holdings to maintain their cloak of anonymity, as well as an ongoing yearly withholding tax.

More than 400 financial industry workers punished

The total figure is double that of the same period last year, which was 222, and is already nearly 74 percent of the total count for 2011.

Apologetic Swiss banks sweat it out as US, Europe mull redress

Washington, however, must factor forthcoming elections into its thinking, and Germany is delaying ratification of a tax deal key to Switzerland's efforts to strike similar agreements elsewhere in Europe.

Inquiry launched into RSM Tenon‎

PricewaterhouseCoopers is being investigated over its audits of crisis-hit corporate finance firm RSM Tenon.

Asia steps up fight against money laundering

US regulators are getting tough over money laundering activities and central banks in Asia are also monitoring developments closely.

UBS: Is 'Fiscal Cliff' Another 'Y2K'?

However, UBS economist Drew Matus wonders if we're blowing fears out of proportion.

UBS denies report it abets German tax evasion

The bank doesn't provide tax services to clients, UBS spokesman Dominique Gerster told Dow Jones Newswires.

French Constitutional Court Says Wealth Tax Rise Must Be Interim

The country’s parliament approved the increase last month as part of a supplemental budget.

Drafts of FATCA Model Intergovernmental Agreements Released

The US, UK, France, Germany, Italy, and Spain have jointly issued drafts of two versions of model agreements implementing FATCA through a process of intergovernmental information exchange (the “Model Agreements”).

Cayman Islands Scraps Plan To Tax Wealthy Expats

On Monday, Cayman Islands Premier McKeeva Bush told the press that the tax plan was “off the table and will not be implemented,” claiming that alternate sources of revenues had been already identified.

Swiss banks face slow death as taxman chases undeclared assets

#Western Europeans may pull as much as $139 billion, or 15 percent of their holdings, from Swiss banks, said Herbert Hensle of Cap Gemini. Bank Sarasin & Cie. AG reported last week that private clients withdrew 3 billion francs from Swiss locations in

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