- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Let me raise a glass to your festive generosity.

More than £500m has been spent on PIP assessments for the disabled

HMRC To Take Further Action On Tax Avoidance, Evasion

The authority said the Government will invest GBP800m

ZKB Ends German Tax Dispute

The Zurich-based regional lender said it settled with justice officials in Cologne, agreeing to pay 5.7 million euros over untaxed assets held by German clients.

MALTA: Panama, how it shook Labour to its core, leaving it bruised but not crushed

The Panama Papers are an indelible stain on Labour’s desultory governance record.

It’s time to think about moving that spare billion dollars you’ve got stashed in a Caribbean tax haven

But an amendment to the UK parliament’s Criminal Finances bill tabled on Dec. 20 is aiming to change all that.

Greek publisher faces criminal charges of tax evasion and money-laundering

The audit revealed discrepancies in assets and declared income amounting to roughly 45 million euros.

Increasing the relevance of Internal Audit - speech by Stephen Brown

He also asks whether central banks and supervisors – and their own internal auditors – might be able to drive further improvement, and looks at the independence of internal audit.

Google cut its 2015 tax bill by $3.6 billion using the infamous Dutch Sandwich loophole

Google has sheltered as much as $58.3 billion in overseas profits

Deloitte gives up on millions of pounds worth of government business to atone for leaked memo

Deloitte reportedly feared a more draconian punishment unless it made an offer first.

Football Leaks: Monaco forks out millions to Spain in transfer taxes

Monaco are protesting the extravagant sum in the courts but have already paid it in full.

Vontobel: in Talks With German Tax Authorities

Vontobel long ago had started assisting its customers registering their assets with the tax authorities

Amendment sought for greater transparency over UK's offshore tax havens

Tax transparency standards are essential to hold the overseas territories accountable for their policies

EU Accused of 'Amnesia' in Backtrack Over Panama Papers Tax Register Response

The documents show how wealthy individuals, such as public officials, hide their money from public scrutiny.

UK lawmakers call for tax transparency in British territories

While the UK requires companies to disclose their true owners, to ensure criminals can't conceal illicit money flows or hide assets from victims or creditors

Guilty unless proved innocent?

HMRC prides itself on its charter which outlines taxpayers’ rights and obligations, but a recent tribunal has thrown in to question whether HMRC always adheres to these principles.

CIOT reports on PAC hearing into HNW unit

Among the areas HMRC says it is looking into are the so-called Panama Papers, footballers, overseas assets and marketed avoidance schemes.

Why Corporate Tax Avoidance Must Be Stopped

Tax evasion is illegal; it can encompass a number of methods

Foreign banks in Britain paying fraction of tax rate

Seven of the biggest international banks operating in London – Europe’s main investment banking centre – have published profit and tax data ahead of a year-end deadline stipulated by EU law.

UK releases draft legislation on rules restricting deductibility of corporate interest expense

The government also published a summary of responses to the May 2016 consultation, setting out its decisions on all aspects of the new rules.

Italy: Tax court decisions cast doubt on compatibility of participation exemption regime with EU law

However, the free movement of capital principle does not extend to situations where the seller is resident in a country