The Swiss government said today that it had reached agreement on proposed legislation that would enable the country’s banks to comply with requests by US authorities for information in connection with their tax evasion investigations.
A little-noticed aspect of the UK's "FATCA" agreements with its three Crown Dependencies is that they are to be accompanied by "tax amnesty" schemes designed to encourage take-up. Here,Crowe Clark Whitehill's John Cassidy looks at how the first of these stacks up next to the LDF.
In a further strengthening of economic ties between Singapore and China, the Monetary Authority of Singapore has opened up its Beijing Representative Office.
The UK Treasury estimates that tax evasion costs HM Revenue & Customs £4bn a year, which has prompted their championing of the US Foreign Account Tax Compliance Act (FATCA).
As part of its crusade to regain trust and raise professional standards across the industry, the CFA Institute has launched a new self-study training programme aimed at the wide range of workers involved in the financial services sector.
The payment of so-called ‘soft commission’ to advisers in the United Arab Emirates by some asset management companies is causing a headache for larger international asset managers who do not pay additional incentives to advisers.
La Mondiale Europartner is teaming up with SCM Private, the UK-based asset manager, to offer a new, cross border-compliant investment option for retail investors in La Mondiale’s flagship offshore bond product.
Julius Baer has begun the integration of the Hong Kong and Singapore based portion of Merrill Lynch’s International Wealth Management business.
A France-based partner with the Spectrum IFA Group has found what she believes is proof that the French authorities do not expect foreign personal pension schemes with France-resident beneficiaries to report to them on these schemes’ holdings, as is now being required of other types of trusts.
The administrators of the beleaguered LM Investment Management company have been criticised by a top judge in the Australian state of Queensland over its bid to oust the trustees of LM’s property fund.
Ashburton has launched the Africa Equity Opportunities Fund, the first fund to be made available on its newly created Ucits platform.
The draft QROPS regulations issued last Friday by HM Revenue & Customs are being seen by pension fund administrators as providing much-needed clarification of the legislation governing such pension schemes, which the Revenue significantly altered last year.
