Wire
CISI: Hung Parliament will hurt UK
Four out of five financial services practitioners believe the UK economy will suffer if the general election results in a hung Parliament, a CISI survey shows.
FT: Liverpool second city of UK wealth
Liverpool's £12bn wealth management industry is the UK's biggest outside London, a report by an independent industry benchmarking group has found.
SwissInfo: Switz, Ger agree double-tax treaty
Switzerland and Germany have reached agreement in principle on a new double-taxation accord.
Ex-Coutts team sets up Signia Wealth
Citing the need for ‘an independent proposition for clients’ in the ultra-high-net-worth space, Nathalie Dauriac-Stoebe has left Coutts to start Signia Wealth, which has just received its FSA authorisation.
Reuters: Ger, Switz set for tax treaty
BERLIN, March 24 (Reuters) - Germany and Switzerland are set to strike a deal on Friday that will clarify tax disclosure rules for Switzerland's multi-trillion-dollar wealth management industry, a German newspaper reported.
WBrief: IRS to work out of Hong Kong
The US Internal Revenue Service, which has already waged a bruising battle against Switzerland’s bank secrecy laws, is turning its guns on Hong Kong with plans to significantly increase the number of officials it bases there, the Wall Street Journal said.
FT: FSA's dawn raid on Deutsche, BNP
Three prominent financial institutions, Deutsche Bank, BNP Paribas and Moore Capital, were on Tuesday embroiled in the UK’s biggest insider dealing case yet after dawn raids at 16 locations led to the arrests of six people.
Guardian: Darling to take £2bn from evaders
Alistair Darling will announce plans to collect more than £2bn in revenue in the budget the day after tomorrow through a clampdown on tax evasion, including doubling fines on anyone caught evading tax in the least co-operative tax havens such as the Turks and Caicos Islands.
Radmacher v Granatino: The Facts
A briefing note from Manches on Radmacher v Granatino, the case starting at the Supreme Court today which will determine the validity of pre-nups in England
WBrief: Credit Suisse bankers restricted on travel to Germany
Credit Suisse has severely restricted travel to Germany by private bankers working for clients with accounts in Switzerland, due to fears that such staff could be detained by the authorities across the border, media reports said.
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Q
I currently earn over £200,000 per annum and have a portfolio of investments that are actively managed. The gains exceed the annual allowance by a considerable margin. Following the increase in the rate of Capital Gains Tax to 28% announced in the emergency budget, is there anything I can do to reduce my tax bill?
A
One of the simplest things to do would be set up an Offshore Bond to hold your investment portfolio. An Offshore Bond has a number of advantages, including ease of administration, tax deferral and simple access to a range of assets. One of the main drawbacks of managing a portfolio independently is the burden of administration and record keeping.
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Spear's Spiky Undercover Agent Dishes the Gossip
