‘Draconian’ 200% tax penalty for offshore evaders
A 200% penalty will be imposed on tax evaders with offshore bank accounts who fail to declare under the New Disclosure Opportunity (NDO), it was announced in the Pre-Budget Report today (Dec 9th).
Landsbanki depositors stage protest in Guernsey
Depositors who lost money in Landsbanki Guernsey held a protest outside the islands Government House today (Oct 7), a year to the day after the bank collapsed.
RBC Wealth Management ramps up Asian operations
Royal Bank of Canada has consolidated its Far Eastern operations under a single brand, RBC Wealth Management Asia, and appointed a president and chief executive of the newly unified business.
Budget reveals anti-tax evasion and avoidance measures, plus 50% bonus tax
UK Chancellor Alistair Darling today unveiled the 2009 Pre-Budget Report, in which he said new measures to tackle tax avoidance and evasion would be implemented, as well as a 50% tax on any bonus wort
Commission disclosure edges closer in Hong Kong
Hong Kong’s regulator, the Securities and Futures Commission (SFC), is to push ahead with proposals to make intermediary commission disclosure mandatory as part of a wider beefing up of its investor p