11/21/2012
Tax avoidance schemes 'costs UK billions in lost revenue'
The National Audit Office said HMRC was dealing with a backlog of 41,000 cases
Legal, Regulation & Compliance
11/21/2012
Deutsche Bank’s Jain Declines Bundestag Libor Hearing
The Bundestag’s finance committee, which listed Jain as a witness in a Nov. 12 statement on its website, will hear representatives of banks and regulators on Nov. 28.
11/21/2012
UBS faces record fine following Kweku Adoboli fraud
UBS is braced for a record multi-million pound fine for failures in its systems and controls that allowed former employee Kweku Adoboli to conduct Britain’s biggest bank fraud.
11/21/2012
Taxation of high value residential real estate – Help! What can we do now?
Consultation on the paper ‘Ensuring the fair taxation of residential property transactions’ has now closed and draft legislation is expected ‘on or before’ 11 December 2012.
11/21/2012
NTMA Alleges State Street Defrauded Irish Taxpayers Through Transition Management Services
The National Treasury Management Agency today accused State Street of defrauding Irish taxpayers of €3.2 million
11/20/2012
Bankers' Body Urged To Merge After Libor Loss
Britain's banking lobby group is under pressure to consider a merger with another trade body
11/20/2012
International law firm grows UK tax team
Withers boosts its transactional tax offering
11/20/2012
76% of advisers will charge as percentage of assets - RESEARCH
Charging a percentage of assets is preferred charging model (76%), followed by fixed fee basis (49%)
11/19/2012
HSBC Geneva acts: I-T department approaches Swiss authorities
The I-T department has initiated the step in order to build water tight case
11/19/2012
UBS ex-managing director charged in French tax probe
The others charged include the former head of a UBS office in the northern city of Lille
11/19/2012
IMA urges HMRC to consult further on Fatca reporting duties
‘It would be helpful if UK regulations and guidance could limit responsibility for the actions of third party service providers to those directly contracted by the UKFI.’
11/19/2012
Conman's £600,000 fraud posing as retired Goldman Sachs billionaire
A conman who seduced a wealthy woman out of more than £600,000 by posing as a retired Goldman Sachs billionaire was jailed.
11/19/2012
RBS Irish unit fined €2m over capital rules
The Irish Central Bank has fined Royal Bank of Scotland's Irish unit €2m (£1.6m) for violating liquidity and capital rules, in the latest regulatory blow to the nationalised British bank.
11/19/2012
SFO faces £3m legal bill over Tchenguiz probe
"We are delighted that this judgment recognises the impact of the former SFO regime's unlawful actions."
11/19/2012
Taskforce Launched To Tackle Tax Cheats In The Rental Property Sector
A taskforce to tackle tax cheats in the rental property sector in the South East was launched today, 19th November, by HM Revenue & Customs (HMRC). It is expected to recover nearly £4 million.
11/19/2012
Number 10 hints at plan for new stamp duty rise
Downing Street has fuelled speculation that the Chancellor will announce a rise in stamp duty for the most expensive homes in next month's Autumn Statement.
11/19/2012
FATCA Model 2 Agreement Released - Withers
Model 2 essentially builds upon the foundation of Model 1 with some significant differences
11/19/2012
UBS rogue trader found guilty of fraud
Jury convicts Kweku Adoboli of one count of fraud in relation to £1.5bn trading loss at one of world's best-known banks
11/18/2012
IKB Sues Morgan Stanley Over $147 Million in Bonds
IKB, based in Dusseldorf, said in a summons filed today in New York state court in Manhattan
11/18/2012
Man accused of defrauding AIB rubbed shoulders with royalty
A FRAUDSTER accused of swindling Allied Irish Banks hosted the Duchess of Cornwall