Wire
Credit Suisse Global Wealth Report: Financial crisis 'modest setback'
The report describes the financial crisis as ‘no more than a modest setback in a benign decade for household wealth accumulation'
Williams de Broë buys BNP Paribas UK WM
Williams de Broë has completed the acquisition of BNP Paribas' UK wealth business
Gaines-Cooper loses appeal: expert reaction
Robert Gaines-Cooper, the Seychelles-based millionaire entrepreneur, has lost his appeal in the Supreme Court against a High Court decision which found that he was a resident of the UK for tax purposes
Merrill Lynch: Asian HNWs overtake Europe's
The number of HNWs in the Asia-Pacific region grew 9.7 per cent to 3.3 million in 2010, overtaking Europe to become home to the world’s second biggest HNW population after North America, according to a report published today by Merrill Lynch and Cap Gemini
HMRC coming after HSBC cash stashed in Switzerland
HM Revenue & Customs (HMRC) will shortly begin writing to UK residents and organisations holding Swiss bank accounts with the HSBC in Geneva who may not have reported all their income and gains to HMRC
FT: Russians in London, Super-rich in Court
It is a tale of wealth and alleged betrayal, of protection money and political intrigues, of attempted assassinations and Chechen gangsters. It features fabulously rich oligarchs, former Russian presidents Boris Yeltsin and Vladimir Putin, and members of their innermost courts. The action shifts from Caribbean cruises to Siberian oilfields, from the Kremlin to London hotel suites to Côte d’Azur mansions.
FT: Succession Pains Make Family Planning Crucial
The disclosure that Indonesia’s powerful Bakrie family is facing its third serious debt crisis since 1997 makes depressing reading, and not just for investors in Bumi plc, the London-listed coal venture set up by the family and the UK financier Nat Rothschild.
CE: Holloway White Allom in administration
Upmarket builder and fit-out specialist Holloway White Allom has been placed in administration
Reuters: Andorra to adopt taxes
PARIS (Reuters) - The principality of Andorra, long out of reach for European and international tax authorities, announced on Monday that it would vote on legislation to introduce a range of taxes on people, products and corporations as early as 2012
Citywire: Coutts reveals new management structure
Coutts has unveiled a new management structure for its UK business under the leadership of chief executive Michael Morley, and has hired Paul Smith from HSBC Private Bank
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Q
Is it really possible to avoid stamp duty land tax when purchasing land and property?
A
A lot has been made recently in the press about buyers of some of the UK’s most expensive homes avoiding stamp duty land tax (SDLT) by purchasing their home through a company.
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