The FT reports:
Usain Bolt and other international Olympians face being taxed for promotional work they are asked to do by their sponsors during next year’s Games, despite assurances from the tax authorities that they would be exempt during their time in the UK.
When London bid for the 2012 Olympics seven years ago, the International Olympic Committee was assured that overseas-based athletes would not be taxed on their “Games-related income”. It is a standard obligation expected of all bidding cities.
See http://www.ft.com/cms/s/48a7a868-a0ea-11e0-adae-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F48a7a868-a0ea-11e0-adae-00144feabdc0.html&_i_referer=http%3A%2F%2Frereferyned#ixzz1QYWcQ4CA
Wednesday 29 June 2011
Wednesday 22 June 2011
Zurich initiative from Farrer & Co.
Farrer & Co has announced a new initiative for the firm, building on existing strong relationships with clients and contacts based in Switzerland.
In early June 2011 they established a presence in Zurich, with a view to strengthening the international work and profile they already enjoy in some of the key off-shore jurisdictions around the world. By doing this, the Firm intends to raise its profile within Switzerland and build on the strong relationships we already have there whilst looking to develop the international reach of all aspects of our business.
Private client partner Nick Dunnell and head of tax Robert Field are leading the initiative, which will involve regular visits to Zurich. The Firm will operate out of serviced offices in the centre of Zurich and there are no plans at present to set up a permanent base.
In early June 2011 they established a presence in Zurich, with a view to strengthening the international work and profile they already enjoy in some of the key off-shore jurisdictions around the world. By doing this, the Firm intends to raise its profile within Switzerland and build on the strong relationships we already have there whilst looking to develop the international reach of all aspects of our business.
Private client partner Nick Dunnell and head of tax Robert Field are leading the initiative, which will involve regular visits to Zurich. The Firm will operate out of serviced offices in the centre of Zurich and there are no plans at present to set up a permanent base.
Labels:
private client,
private client law firm
Thursday 9 June 2011
How Private Client work filled the Corp gap for City firms
The Lawyer magazine is reporting that, "With corporate funds evacuating the market as the recession took hold, international private investors filled the gap. The result was that mid-tier firms such as Berwin Leighton Paisner, Macfarlanes and Taylor Wessing, to name but three, were able to shore up their conventional corporate practices during the downturn.
And the opportunities are ample: Credit Suisse Research Institute, in its Global Wealth Report published in October 2010, calculated that at the top of the wealth pyramid there are more than 1,000 billionaires globally, of whom 245 are in the Asia-Pacific region, 230 are in Europe and 500 are in North America. Further down, there are 80,000 ultra-high-net-worth individuals, which Credit Suisse defines as average wealth per adult of more than $50m (£30.8m)."
For the full story see http://www.thelawyer.com/family-value-how-private-client-filled-the-corp-gap/1008008.article
And the opportunities are ample: Credit Suisse Research Institute, in its Global Wealth Report published in October 2010, calculated that at the top of the wealth pyramid there are more than 1,000 billionaires globally, of whom 245 are in the Asia-Pacific region, 230 are in Europe and 500 are in North America. Further down, there are 80,000 ultra-high-net-worth individuals, which Credit Suisse defines as average wealth per adult of more than $50m (£30.8m)."
For the full story see http://www.thelawyer.com/family-value-how-private-client-filled-the-corp-gap/1008008.article
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