Tax & Regulation | 5 Jul 12
uk millionaire with Swiss account is first
A UK taxpayer is to pay some £830,000 in back tax, fines and costs to the UK tax authorities after being found guilty of using an undisclosed HSBC account in Switzerland to hide his money, in HM Revenue & Customs’ first successful prosecution to be based on information obtained from HSBCs Geneva branch in 2010.
Middle East | 5 Jul 12
shareholders approve merger plans
The shareholders of three Islamic banks in Bahrain have given the thumbs up to a plan to combine them.
People Moves | 4 Jul 12
hmrc names troup to succeed dave hartnett
With Dave Hartnett preparing to step down as permanent secretary for tax at HM Revenue & Customs at the end of this month, after almost four years in the role, his successor has been named as Edward Troup.
People Moves | 4 Jul 12
hnwis more altruistic than advisers think
High net worth individuals are more altruistic than wealth advisers think, according to a global study published by Liechtenstein-headquartered private bank Kaiser Partner.
Tax & Regulation | 4 Jul 12
man u reported considering caymans registration
Manchester United, the indebted UK football team owned by the US Glazer family, may look to move the clubs registration to the Cayman Islands, according to press reports.