02/29/2012
Baillie Gifford appoints Kii Hub for KIID solution
Asset managers already using the Kii Hub solution include Aberdeen Asset Management, Jupiter Investment Management Group, Ignis Asset Management, Martin Currie Investment Management and Neptune Investment Management.
02/28/2012
Tax avoidance clampdown: Barclays statement in full
Barclays said it was the bank at the centre of a clampdown by Britain on two tax avoidance schemes that the government said would close loopholes and raise more than £500m in tax. Here is the bank's statement:
02/27/2012
How to have a 'nice' divorce
Debrett’s Guide to Civilised Separation is not all social niceties, however.
02/27/2012
FSA warns on 'default' suitability of independent advice solutions
The FSA says independent advisers will be able to use discretionary investment services, model portfolios, platforms and panels post-RDR as long as they are not the default solution and suitability is established for individual clients.
02/27/2012
Bank tax dodges halted by retrospective law
A bank in the UK has been forced to pay more than half a billion pounds in tax which it had dodged by using "highly abusive" tax avoidance schemes.
02/27/2012
German Foundation Eyes Wealth Tax Reforms
In its release, the Foundation explains that although private net wealth in Germany is four times public debt, the state nevertheless does not sufficiently tax large wealth.
02/26/2012
HMRC launches tax evasion task force
In what has been described as a "gloves off" approach, HMRC will be launching the new task forces in the 2012/13 tax year, which begins April 6.
02/26/2012
Metals trader fraudster given extra seven years
The banks – including West LB, JP Morgan Chase and Dresdner Bank – lost more than £400m after they were duped into backing a series of bogus metal shipment trades by Rastogi's firm RBG Resources and related companies.
02/23/2012
Greece signs international tax agreement to tackle tax evasion
The Convention promotes international co-operation in the assessment and collection of taxes.
02/23/2012
Swiss Banks May Have to Ensure Foreign Clients’ Tax Compliance
Swiss banks must ensure foreign clients are tax-compliant in their home countries, according to proposals by Switzerland’s government that pave the way for approval of an accord with the U.S.
02/23/2012
U2 bassist suing Bank of Ireland Private Banking
U2′s bass player Adam Clayton is suing Bank of Ireland Private Banking and chartered accounting firm Gaby Smyth & Co over claims that his former personal assistant took over €4.8 million from his bank accounts.
02/22/2012
U.K. Lawmaker Targets Bank Executives
The Conservative Member of Parliament for Wycombe is hoping to attract cross-party support for a new bill that will force bank directors, already under pressure over the size of their bonuses, to take personal liability for any losses suffered under their
02/22/2012
Swiss demand banks help clean up tax-haven image
Switzerland announced plans on Wednesday to force its secretive banks to do more to make sure foreign clients' money is taxed in an attempt to shake off its image as a haven for untaxed funds as it seeks to end a damaging U.S. tax probe.
02/20/2012
I-T dept to initiate prosecution action in HSBC Geneva cases
Germany had last year provided the names of some Indians, having secret accounts in Liechtenstein's LGT Bank.
02/20/2012
Singapore to exempt gold, other precious metals from tax
The change brings Singapore's tax treatment of investment-grade gold and other precious metals in line with the practices of other developed countries such as Australia and Switzerland, he said.
02/20/2012
LG and Withers target high net clients with Singapore launches
LG’s Singapore launch, which will go live in the coming months through an alliance with local outfit PK Wong and Associates, marks the City law firm’s first base in Asia.
02/20/2012
Hedge fund analyst arrested for insider trading
Unfortunately for Kinnucan, the Feds had already tapped his phone and captured his conversations with Donald Longueuil, a former SAC portfolio manager, and Level Global Investors LP co-founder Anthony Chiasson.
02/20/2012
Italian tax men blitz the chic in ski resort raids
Italian tax agents donned skis, gloves and goggles to launch an unusual blitz in the chic ski resort of Courmayeur, two months after a similar raid on another playground of the rich, Cortina d'Ampezzo.
02/20/2012
World’s largest offshore law firm to expand into Mainland China
The new office, due to open on 2nd April 2012, will deliver fully integrated fiduciary and administration services and operate in tandem with the firm’s Hong Kong office, which has serviced Appleby’s local and international clients in Asia for
02/17/2012
Prosecutors rests in fraud trial of Texas billionaire
The start of Stanford’s defense was briefly delayed as his attorneys asked U.S. District Judge David Hittner for time to discuss how they would proceed.