Managers of Wealth Offshore

British win more favourable tax deal terms

Switzerland has decided to give in to demands by Britain to modify a planned bilateral tax treaty, after continued opposition to the accord.

UK regulator loses UBS supervision test case ‎

The Financial Services Authority (FSA) has lost a test case involving UBS in which it tried for the first time to punish a senior manager for inadequate supervision rather than for errors he personally committed.

Accounting firms played key role in foreign executives' tax break scheme

DRAFT LEGISLATION was submitted to the Department of Finance by accountancy firms KPMG and Deloitte as part of the lobbying for a new scheme that will allow foreign executives working here pay less income tax.

Italy rules out wealth tax, other new taxes

The government "does not have plans" for a wealth tax or other fiscal measures, Grilli said during testimony before the Chamber of Deputies parliamentary budget committee.

Income tax cap – update and frequently asked questions by Withers Worldwide

Those following the state of UK giving could be forgiven for having allowed themselves to feel cautiously optimistic during the past two years.

Volcker Rule, Fiduciary Standard Outcomes Critical For Wealth Industry

The Volcker Rule could negatively impact investing in bonds by leading to the creation of a two-tiered market for municipal bonds while also reducing liquidity for some corporate bonds, Snook said. It could also impact mutual fund investing, he said, by r

Hong Kong Billionaire Denies Bribery Allegation

Ao is currently on trial for corruption and money laundering. On Monday, the court was told that a company controlled by Lau and Steven Lo allegedly paid a bribe of 20 million Hong Kong dollars ($2.6 million) to the defendant in 2005.

New UK Non-Dom Scheme Welcomed

The legislation, which came into effect on April 6, has been given a cautious welcome by law firm Boodle Hatfield.

London chases holders of Swiss accounts

From 2013, the so-called “Rubik” deal – judged “fully compliant” with European Union law on Tuesday by the bloc’s taxation commissioner – should forbid such operations, but the accord is open to interpretation.

UBS Unit Will Cooperate With French Tax-Evasion Investigation

Paris prosecutors opened a formal investigation April 12, after conducting a preliminary inquiry with the customs service into a complaint by France’s Prudential Control Authority in February 2011 over the bank’s practices in France.

Austria clinches quick Swiss tax deal to bolster budget

But Austria's deal is far less favourable than those struck by Britain and Germany, which both responded to political pressure by extracting big up-front payments and more concessions from Switzerland.

Central Bank said to buy Anglo Irish Tower

The bank will buy the building on North Wall Quay from the National Asset Management Agency, said the person, who asked not to be identified because the details are private. Anglo

U.S. Senate Rejects Obama’s Wealth Tax Proposal

The U.S. Senate has blocked President Barack Obama’s proposal to raise tax rate on those who earn more than $1 million a year.

Merrill bankers follow Orcel to rival UBS

The defections show how serious a blow the loss of the veteran banker - one of the driving forces behind the breakup of Dutch lender ABN AMRO in 2007 - could be for Bank of America.

Financial reforms: Regulators aim to make ‘middle office’ a safer place

This was illustrated in early April, when the US futures regulator filed a lawsuit against Royal Bank of Canada.

Swiss banks to hand over staff names in U.S. tax row: report

In the latest attempt to end the long-running dispute, Switzerland's Federal Council has now authorized banks to hand over email traffic in connection with such clients to U.S. prosecutors, the Tages-Anzeiger newspaper reported.

Swiss Hedge Fund Regulations to Get Tightened, FT Reports

The regulations were proposed by the Federal Council and must be voted on by the country’s parliament, the newspaper reported.

French magistrate to examine UBS charges

An independent French magistrate has been named to examine the commercial practices of Swiss bank UBS AG, financial daily Les Echos reported on Monday.

Schroders produces KIIDs for Luxembourg range before July deadline

The British fund manager has marked 14 May as the day it will produce the information documents for investors - about six weeks before the 1 July deadline set by the European Union for regulated products.

International law firm expands Cayman's Private Wealth Practice

He joins Ogier from Gorvins in Manchester, where he was the partner in charge of their wills, trusts and probate team and led a number of client mandates across the trust sector.