The independent trustee of Harlequin Property, the £400m ($509m, €454m) overseas property scheme facing ruin, has blasted the company’s chairman David Ames over how he intends to pay back stricken investors.
A federal court in the US state of Montana has authorised the Internal Revenue Service (IRS) to serve a ‘John Doe’ summons in a bid to uncover details of US taxpayers who may hold offshore accounts established by a Panama firm to evade paying tax.
deVere Group, one of the world’s largest independent financial advisory organisations, has launched its own private bank on the Caribbean island of St Lucia.
More than 25,000 individuals and 103 companies voluntarily declared offshore assets worth more than BRL169.9bn via a Brazilian amnesty, netting the taxman BRL50.9bn (£12.8bn, $15.7bn, €14.3bn) in taxes and penalties.
Panama is planning to take action against those accusing it of being a tax haven, as the country continues its efforts to draw a line under the Panama Papers data leak that saw millions of documents stolen from law firm Mossack Fonseca.
Swiss wealth manager Julius Baer Group has hired several private bankers from HSBC to bolster the firm’s Latin American business, according to media reports.
Nobel Prize-winning economist Joseph Stiglitz and Swiss anti-corruption expert Mark Pieth have resigned from an international committee investigating offshore tax evasion due to government interference, it has been revealed.
An offshore bank in Belize, owned by prominent UK businessman Lord Ashcroft, has seen a sharp outflow of deposits following a US crackdown on tax evasion.
Argentinean footballer Lionel Messi has been sentenced to 21 months in prison for tax fraud by a Spanish court after being found guilty of defrauding Spain of €4.1m (£3.5m, €4.6m) between 2007 and 2009.
Mexican insurance regulator National Commission of Insurance and Finance (CNSF) has approved the sale of the local arm of UK-based RSA Insurance Group by Colombia's Grupo Sura.
BRIC nations should still form up to 50% of any broad emerging markets exposure, said Kathryn Koch, head of global portfolio solutions at Goldman Sachs Asset Management.
In a bid to capture undeclared funds and assets from Argentines at home and overseas, Argentina's national government has confirmed that it will offer a new tax amnesty this year.
Even though information contained in the Panama Papers database is “incomplete and in places incorrect”, it still poses a security risk for those named, according to Mark Davies, managing director of Mark Davies & Associates.
Amid the political turmoil, Brazil has done well for fixed income investors, but questions remain around further volatility.
Returning to the international market after a 15-year hiatus, Argentina raised $16.5bn in an oversubscribed debt offering last month, the largest ever for an emerging market. But, according to Scott Fleming, manager of the Kames Emerging Market Bond Fund, the risk was not appropriately priced.
A double whammy of political change and an upswing in commodities is a huge boost for the investment case for Brazil, according to BlackRock’s Will Landers.
The headquarters of Mossack Fonseca, the law firm at the centre of the biggest financial data leak in history, were raided by police in Panama on Tuesday, the attorney general's office has revealed.
In a televised address, president Juan Carlos Varela has said that Panama will create an international ‘panel of experts’ to help improve transparency in its offshore financial industry, in the wake of the ‘Panama Papers’ scandal.
Residents of Brazil with undeclared offshore assets can now voluntarily declare and regularise their tax affairs without facing criminal prosecution and only face a one-off charge and penalty.
The international markets are being impacted by considerable change. Providers and...
Structured products are typically fixed-term investments that pay-out an amount that...
Wayne Sorour, head of Old Mutual International South Africa, talks to us about the...
A British widow has been refunded for poor advice she...
The UK government has suggested softening the rules...
The UK's financial ombudsman has upheld a complaint...
The UK's lifetime allowance (LTA) for pension savers...
Australia-headquartered platform provider Praemium...