FINMA encourages trustees and portfolio managers to submit licence applications as soon as possible The Swiss Financial Market Supervisory Authority revealed that as of today only 180 out of around 2,400 portfolio managers and trustees have submitted a licence application required by the Financial Institutions Act (FinIA), which entered into force in January 2020. The...Read More

Uno strumento per la tutela delle dimore storiche di Andrea Baroni partner di Capital Trustees Lo studio della Commissione Europea Heritage Houses for Europe del 2019 evidenzia come le dimore storiche rappresentino un’importante risorsa per l’UE e per l’Italia in particolare, suscitando l’interesse di 52 milioni di visitatori grazie ad attività socio-culturali e realizzando un...Read More

Abusive trust arrangements targeted by Australian Authorities After collecting more than AUD 22.9 billion in liabilities against multinationals, wealthy individuals, trusts and public groups, the Australian Tax Office’s (ATO’s) tax avoidance taskforce aims to focus on ‘abusive trust arrangements’ and their promoters. Specifically, the agency will tackle HNWI and groups have seeking to exploit tax...Read More

Uno strumento per la tutela delle dimore storiche di Andrea Baroni partner di Capital Trustees Lo studio della Commissione Europea Heritage Houses for Europe del 2019 evidenzia come le dimore storiche rappresentino un’importante risorsa per l’UE e per l’Italia in particolare, suscitando l’interesse di 52 milioni di visitatori grazie ad attività socio-culturali e realizzando un...Read More

UK’s TRS opens to non-taxable trusts and extends reporting deadline The UK’s Trust Registration Service is now open for non-taxable trusts to register, bringing under its scope all UK express trusts and certain non-UK express trusts, with the exclusion of: a. UK-registered charities; b. will trusts limited to two years; c. life policies; d. trusts...Read More