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

Mark Chesham, Moore Stephens, Bristol: Impending EU VAT changes for digital businesses

Complex changes to VAT rules in the new year for businesses which sell digital services in the EU are continuing to develop.

Swiss reputation abroad suffers setback

However, Switzerland’s reputation has improved in Poland and in Britain over the past five years.

German state buys tax CD containing Swiss bank client data - paper

The newspaper also said that in the past week there had been several raids on the unreported income of clients of Credit Suisse in NRW related to a tax CD that NRW authorities bought in 2012.

OECD document on international tax dispute resolution is "disappointing", says expert

A discussion document on making dispute resolution mechanisms in international tax disputes more effective is does not provide enough answers to the questions it raises, an expert has said.19 Dec 2014

Qatari ruling family hit with £38million stamp duty bill after using tax avoidance scheme on purchase of Chelsea Barracks

The Qatari ruling family has been ordered to pay £38million in stamp duty for the purchase of Chelsea Barracks after using an aggressive tax avoidance scheme to avoid the bill.

Cyprus signs agreement with United States under FATCA

On December 2 2014 the Cypriot finance minister and the US ambassador to Cyprus formally signed the intergovernmental agreement between Cyprus and the United States under the Foreign Account Tax Compliance Act.

Seminar advises on raft of UK tax changes

More than 200 financial services professionals filled the Sanderson Suite of the Claremont Hotel to hear of substantial changes in the local and international tax environment.

Taiwan-Austria double taxation avoidance pact to take effect Jan. 1

After Austria finishes its final legal procedures, "the agreement is set to take effect Jan. 1, 2015," he said at a regular news conference.

EU Leaders to Urge Stepped-Up Fight Against Tax Evasion

EU leaders attending today’s summit in Brussels will call for a renewed push against tax evasion as cash-strapped nations seek more ways to refill depleted government coffers.

Two Swiss VAT Rule Changes From January 1

A second change deletes Article 16, paragraph 3 of the Value Added Tax Ordinance

UBS Loses Appeal in French Tax Evasion Probe

UBS to Challenge French Ruling at European Court of Human Rights

Boris Johnson risks US fine or jail over failure to pay American capital gains tax on London property

Boris Johnson risks a hefty fine or even a spell in jail if he fails to pay American capital gains tax on a London property he sold in 2009

Diverted Profits Tax To Undermine UK Economy: ACCA

In the recent Autumn Statement, the UK Government announced that a 25 percent DPT would be introduced from April 2015 to tackle artificial profit shifting arrangements that have the effect of reducing profits taxable in the UK.

How Google and Apple Make Their Taxes Disappear

The British government, after a search, says it knows how to tax the profits Google earns in the United Kingdom. Its solution is simple and elegant, and it probably won’t change a damn thing.

New Luxembourg leaks reveal James Packer’s PBL in secret Swiss tax deal

A secret deal with the Swiss government negotiated by media group Publishing and Broadcasting Ltd when James Packer was chief executive set a tax rate of less than 2.15 per cent on PBL’s intra-company loans.

Bombardier among companies exposed for controversial Luxembourg tax plan

Quebec Finance Minister Carlos Leitao has asked Revenue Quebec to look into Bombardier’s tax practices after a leak of documents outlining the aerospace company’s secret tax proposal with Luxembourg. Quebec Finance Minister Carlos Leitao has a

US Republican presidential hopeful Jeb Bush uses UK fund that could lower his American tax bill

Jeb Bush, a front-runner to become the Republican Party’s next presidential nominee, has used Britain to set up a private equity fund that could possibly allow it to avoid paying tax in America

Gov't drops plans to make offshore tax evasion a criminal offence

In August HMRC said it was looking to make tax evasion a criminal offence.

Half-hearted Google Tax could backfire

Richard Murphy asks whether the introduction of the Diverted Profits Tax means this is a good day for tackling tax abuse

FSCS and Standard Life thrash out SIPP tax deal over ARM recoveries

The FSCS said it had received guidance from HM Revenue & Customs (HMRC) relating to the payment of Arm-related recoveries made directly to Standard Life SIPP members indicating the payments would be treated as an unauthorised payment and liable to pen