Fines Are Tax on Banks’ Extra Profits, Krawcheck

Sallie Krawcheck, a former executive at Bank of America Corp. and Citigroup Inc., said government fines and charges levied on the largest U.S. banks are a tax on excess profits the lenders made.


PwC US Releases 2014 Guide to Tax and Wealth Management

PwC US released today a new edition of Managing Your Wealth: Guide to Tax and Wealth Management, to help high-net-worth individuals, families, and business owners better understand and play an active role in growing and preserving their wealth.


Tax shock: Wealthy to be 'very surprised' in 2013

There has been no shortage of media coverage on this year's higher tax rates and new taxes, but accountants expect many of their clients to still be surprised when the bill comes due next April.


Hong Kong Seeks Agreement With US over FATCA

The Securities and Futures Commission has confirmed Hong Kong is one of 80 countries globally currently in negotiations with the US over its controversial FATCA law.