09/19/2012
UBS Paris offices searched in tax evasion probe
UBS says cooperating with investigation
Legal, Regulation & Compliance
09/19/2012
Planning for the AIFMD: are hedge fund managers fully prepared
The Directive’s requirements will be significant and its implications far-reaching for both EU hedge fund managers and (increasingly over time) non-EU hedge fund managers seeking to raise capital in Europe.
09/19/2012
Paedophile accuses Rabobank and ABN Amro of discrimination
A leading Dutch pro-paedophilia campaigner has made formal complaints of discrimination against Rabobank and ABN Amro for refusing to give him a bank account, the Volkskrant reports on Wednesday.
09/19/2012
FSA fines Pi Financial for Ucis and structured products failings
Pi advised 168 clients to invest £6 million in Ucis and 362 clients to invest £20 million in structured products.
09/18/2012
City law firm Field Fisher in merger talks worth £200m
“It is well known that merger is on Field Fisher Waterhouse’s agenda as potentially one way of achieving our ambitious growth plans and strategic objectives”
09/18/2012
UBS was aware of Kweku Adoboli's billion-dollar trading problems six weeks prior to arrest
UBS was aware of a $3.6bn (£2.2bn) black hole in trading accounts produced by the alleged rogue trader Kweku Adoboli six weeks before he was arrested, a court heard.
09/18/2012
Inheritance tax could be scrapped in exchange for resurrection of mansion tax
Inheritance tax on property would be scrapped in exchange for a new mansion tax on large houses, under plans being considered by the Liberal Democrats.
09/18/2012
Spain to Keep Wealth Tax in 2013 Budget
The Spanish government will keep a tax on the wealthiest in the 2013 budget as the country aims to cut its deficit down to 4.5% of the gross domestic product next year, reports Expansion in its Wednesday Internet edition, citing unidentified sources close
09/18/2012
Deloitte announces revenue results of US$31.3 billion
Deloitte Touche Tohmatsu today announced aggregate member firm revenues of US$31.3 billion for the fiscal year ending 31 May 2012, marking the network’s highest revenue ever.
09/18/2012
France To Undo Sarkozy's Wealth Tax Reform
Despite having originally planned major wealth tax reforms, the French government is now resigned to the idea of merely re-establishing the previous wealth tax scale of between 0.55% and 1.8%, and to introducing a fiscal cap of 80% of income to accompany
09/18/2012
Linklaters launches leadership scheme to target female recruitment and retention
Linklaters has launched a Women’s Leadership Programme aimed at attracting and retaining female talent at the firm.
09/16/2012
Tax CDs bring billions for German state
The state of North-Rhine Westphalia has helped Germany recover more than 3 billion euros ($3.9 billion) from German tax evaders after buying compact discs with details of Swiss bank accounts, according to the region's finance ministry.
09/16/2012
FSA told to start compensation process for mis-sold customers
The FSA’s review followed an investigation
09/16/2012
Europe at loggerheads over banking union
All 27 EU countries must agree on the new system, even though it will only apply to the 17 counties of the eurozone initially.
09/16/2012
Robert Tchenguiz bail move signals the end of SFO investigation
Property entrepreneur Robert Tchenguiz has been released from bail, leading to a growing belief that the Serious Fraud Office is preparing to drop its long-running investigation of his business activities.
09/16/2012
Partner pay falls at PwC as profits rise
Partners at PricewaterhouseCoopers took home less pay last year, despite the firm posting a 10pc rise in overall profits.
09/16/2012
UK-US agreement strengthens UK ability to tackle tax evasion
On September 12, the United States and the United Kingdom governments announced the signing of a bilateral agreement to implement the information reporting and withholding tax provisions within the Foreign Account Tax Compliance Act (FATCA).
09/16/2012
Belgium Remains Attractive Tax Location For Entrepreneurs
There have been renewed calls for the Belgian government to honour its pledge and reform the current system of taxation in Belgium, to remove the current disparity between the taxation of labour and the taxation of wealth, and in so doing shake off the co
09/16/2012
Here's The Gut-Wrenching Apology Sent Out By Alleged UBS Rogue Trader Adoboli
Former UBS trader Kweku Adoboli went on trial today for allegedly losing $2.3 billion in rogue trades.
09/16/2012
US, UK Sign FATCA Agreement
On September 12, the United States and the United Kingdom governments announced the signing of a bilateral agreement to implement the information reporting and withholding tax provisions within the Foreign Account Tax Compliance Act (FATCA).