IoM Chief Minister backs Cameron over tax 22/05/2013 The Isle of Man's Chief Minister, Allan Bell MHK, has welcomed a letter from David Cameron calling on all Britain’s Crown Dependencies and Overseas Territories to continue working with the United Kingdom on tax transparency.
EXCLUSIVE: Farrer makes changes to private client leadership structure 22/05/2013 Jim Edmondson is moving from his role as partner and head of Farrer & Co’s private client department to become a full time consultant to the firm continuing his client facing role as part of a partial restructuring of the management of the department.
Speechly Bircham issues guidance as 31 May Swiss/UK tax deadline looms 21/05/2013 n the summer of 2011, the UK and Swiss tax authorities entered into an agreement aimed at regularising undeclared Swiss bank accounts owned by UK resident individuals. International law firm Speechly Bircham has warned that 31 May is a key deadline for the Agreement, by which date affected individuals must have decided how they would like their Swiss account to be treated under the Agreement or provided evidence to their bank that the Agreement does not apply to them, or otherwise they will face a potentially disadvantageous default option of a lump sum being withheld from the account to satisfy historic UK tax liabilities.
HMRC teams up with Australian and American tax authorities to target evasion 13/05/2013 HM Revenue and Customs (HMRC) has confirmed that it is working with the United States and Australian tax administrations (the IRS and ATO) on data which reveals extensive use of complex offshore structures to conceal assets by wealthy individuals and companies.
Yet another Swiss bank is snared by US tax authorities 09/05/2013 Neue Privat Bank (NPB) has joined the ranks of the 13 Swiss banks which are under investigation by the US on suspicion of helping American citizens evade tax.
