03/06/2012
OECD recommends action on international tax loopholes
Aggressive tax planning – untaxed income, multiple deductions and other forms of international tax arbitrage - is a growing concern for all governments.
Legal, Regulation & Compliance
03/05/2012
IMF paper highlights regulation’s unintended consequences
IMF paper highlights regulation’s unintended consequences
03/05/2012
UK regulation cuts £18bn off HSBC’s value, says Gulliver
The levy and the prospect of legislation splitting retail and investment arms of banks raised “fiduciary duty issues” for the board and were of concern to investors, he added.
03/05/2012
A £20bn pension misselling scandal?
Regulators are concerned about the standard of advice given to some workers.
03/05/2012
Norton Rose advises ValueAct Capital on proposed joint offer for Misys
ValueAct Capital is the largest current shareholder in Misys Plc.
03/02/2012
The UK tax system has reached breaking point
The bottom line is that people think it a jolly good thing that others are taxed, but they deeply resent paying it themselves.
03/02/2012
US-Swiss tax treaty passes large parliamentary hurdle
The treaty would allow the US to make a request for judicial assistance without supply the names and addresses of the US residents suspected of offshore tax evasion if there is clear evidence that a bank or its employees are suspected of encouraging such
03/02/2012
Credit Suisse trader loses employment tribunal
A Credit Suisse trader who claimed his boss told him to pull himself together when he complained of feeling suicidal has lost his tribunal claim.
03/02/2012
Co-op's Lloyds deal at risk after FSA orders reforms
This could mean having to provide up to £3bn of capital at group level as well as revamping the board to ensure there are people with FSA approved banking expertise.
03/01/2012
Swiss lawmakers set for tax plan vote
Switzerland's lower house will vote on a proposal clarifying how Switzerland would hand over data on wealthy Americans suspected of dodging taxes at home.
03/01/2012
Watson Farley bulks up City real estate team
Her client portfolio includes Doughty Hanson & Co and Piper Jaffray and she specialises in advising real estate investment funds and property companies on acquisitions, disposals and lettings.
03/01/2012
Linklaters corporate partner takes role at Milbank
He has spent his entire career at Linklaters having joined as a trainee in 1983, was formerly co-head of the firm's retail industry group and has close ties to a number of large corporate clients.
03/01/2012
Lehman, MF Global Clients Face Losses After U.K. Court Ruling
Lehman Brothers International Europe held $2.16 billion in segregated accounts in 2008 when its parent company collapsed in the largest bankruptcy in U.S. history.
03/01/2012
Monti Turns Screws On Italy's Tax Evaders
To look for further revenues, Monti has now also established a new tax evasion task force, including senior officials from the Ministry of the Economy and Finance, the Revenue Agency, the financial police and the Customs Agency.
03/01/2012
Three arrested in FSA insider dealing investigation
Three individuals, two men aged 43 and 42 and a woman aged 35 have been arrested and are currently in custody to be questioned in connection with an investigation in to insider dealing.
02/29/2012
Swiss lawmakers back U.S. tax plan; further vote Monday
The proposal, which clarifies how Switzerland would hand over data on Americans suspected of dodging taxes at home, seeks to backstop an expected deal over U.S. probes into 11 banks including Credit Suisse and Julius Baer, likely to comprise a data handov
02/29/2012
Osborne plans new tax avoidance law
A new law against corporate tax avoidance will be announced in George Osborne's budget next month, the Guardian reports.
02/29/2012
Leading private client lawyer joins Newcastle law firm
She joins from Speechly Bircham
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
Offshore tax move for British engineering champion, Sir James Dyson
Financial Mail has established that in 2009 the vacuum cleaner entrepreneur sold his business to Clear Cover Limited, a company that he owns, which is incorporated in Malta.