07/29/2014
Swiss banking giant pays millions to Germany in settlement over tax evasion
The Swiss lender also stands accused of aiding account holders from France and Belgium in hiding their money from domestic tax authorities.
07/27/2014
There is a steady stream of secret account-holders owning up, he said, with the 336 billion euros coming in since mid-June.
07/25/2014
A 1.1 billion euro guarantee payment demanded by French judges of Swiss bank UBS reflects the size of the fine it could pay if found guilty of helping wealthy French customers avoid tax
07/25/2014
People from the European Union who live and work in the UK need to ensure they are not caught out by changes to their tax obligations in their home country, an accountant from Baker Tilly has warned.
07/25/2014
Owing largely to the movement in recent years toward common financial reporting standards, Canadian and U.K. tax authorities have agreed to greater “exchange of information” that many companies may find disconcerting.
07/24/2014
Recently, Baker Tilly sold its private client financial advice, as well as its investment management business, to financial planning firm Towry.
07/24/2014
In February, the bank extended its 13-year relationship with Lufthansa German Airlines Group (Deutsche Lufthansa AG) for an additional five years, to include transition management, collateral management and FX spot execution services.
07/23/2014
In the latest moves towards implementation of the FATCA Intergovernmental agreements (IGAs) signed by the BVI with the US and the UK, the BVI Government has released draft Guidance Notes for public consultation.
07/22/2014
Hundreds of thousands of pensioners will be able to leave more of their money to their children under government plans to cut “penal” death taxes.
07/21/2014
Coutts warned clients on film scheme HMRC tax challenge
Coutts has warned its clients about a possible HMRC Revenue & Customs tax probe into film investment schemes
07/21/2014
New single global standard for the automatic exchange of information between key authorities worldwide
07/21/2014
In a recent case concerning the application of the double tax agreement between Cyprus and India, the Indian Income Tax Appellate Tribunal confirmed that the wording of the agreement concerning taxing rights in relation to international shipping activitie
07/20/2014
Tax inversions are back in the press this week, with no less than two US companies planning to swallow up their British rivals and take advantage of the UK ‘tax haven’.
07/20/2014
Fundamental changes to the international tax environment are set to provide both challenges and opportunities to businesses in the financial services sector.
07/18/2014
Ross McEwan says in radio interview that the 'good bank' he is creating will see high investor demand when Government sells its stake
07/17/2014
This approach is clearly working as HMRC’s high net worth unit has delivered £1 billion in compliance yield
07/16/2014
The UK IGA provides a framework for the implementation in the Cayman Islands of a UK tax residents reporting regime ("UK FATCA") which is similar in scope to the US Foreign Account Tax Compliance Act ("US FATCA").
07/14/2014
Luxembourg’s parliament approved an agreement July 9 with Taiwan to avoid double taxation and prevent fiscal evasion.
07/13/2014
Cyprus company Glendive Enterprises Limited entered into an agreement with Arabian Resources FZC to provide a ship to transport bauxite ore
07/11/2014
There has been much press commentary in recent weeks about the iniquitous effect inheritance tax (IHT) has on property, particularly in London and the South East where the value of an “average” property can easily exceed the nil rate band (or