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

Solicitors criticise ‘premature’ tax avoidance proposals

Proposed penalties for “serial users” of tax avoidance schemes have been criticised by lawyers, who denounced them as unnecessary given the tax authority’s existing powers.

Govt withdrew HSBC tax evasion prosecution case

UK tax authorities withdrew a fourth case from the Crown Prosecution Service as it sought justice over alleged HSBC-aided tax evasion, despite telling MPs that just three files were passed to prosecutors.

Building Society sues accountancy firm Grant Thornton for £49m over auditing 'negligence'

The society has accused Grant Thornton of giving poor advice on how to account for interest rate swaps that the society entered into in order to hedge its risk on certain fixed rate mortgages.

MALTA: $629 million account linked to PN leadership hopeful Ray Bugeja - explains that it’s not his money

The Swiss Leaks data show the maximum amount of money connected to a person in Malta is $629 million

MALTA: Swiss leaks investigations may include businesses

The Commissioner for Revenue has now launched an investigation into the list of 71 Malta-based clients.

End of 'Murder on the Orient Express' defence for top bankers

Financial Conduct Authority vows that senior bankers will be individually accountable as regulator fleshes out rules for proving innocence

QROPS Renotification Delayed For A Year

Qualifying Recognised Overseas Pension Scheme savers need to make sure their providers renotify their scheme status or they could face steep tax penalties.

Jersey Tax Bulletin FATCA Update - Deloitte

HMRC announce changes to holding company and nil return requirements

French Tax Bulletin - BDO

The French Tax Authorities have recently replied to a number of queries raised by the Fédération Bancaire Française when it comes to the reporting of French-connected trusts including pension trusts.

CPA Ireland Signs Distribution Agreement with South African Counterpart

Will facilitate distribution of unique online course in South Africa

UK to impose 25% Google tax on tech giants profits, says Chancellor George Osborne

Head of the national election in the UK this May, Chancellor George Osborne has proposed a ‘Google Tax’, a 25 percent tax on tech companies’ profits earned from their UK operations

Vatican moves closer to ending decades of secret banking

The move would mark the latest step in the reform of the Vatican Bank — known as the Institute for Religious Works

'Totally Incompetent' BBC Chair Told To Resign

The head of the BBC Trust has been told by a senior MP she is "totally incompetent" and should resign.

Tony Wickenden: Don’t blame Ed Miliband on tax avoidance

Headlines that mislead over tax avoidance can discourage people from prudent planning

Switzerland to sign tax deal with Germany to exchange tax information

Switzerland expects in the future to sign a deal with Germany to automatically exchange tax information

UK to close loopholes with 'Google tax' initiative

The British Chancellor is set to close a number of loopholes used by Google, Amazon and other multinationals who have headquarters in Ireland.

Prime Minister Joseph Muscat confirms that government has Swiss Leaks list

He said investigations are under way as to the origins of the funds hidden by former ministers Ninu Zammit and Michael Falzon.

HM Revenue & Customs ramping up tax avoidance crackdown with £1m fine

HM Revenue & Customs is ramping up its tax avoidance crackdown by forcing ‘high risk’ schemes to reveal to clients that they are being monitored by the taxman and issuing £1 million fines.

Greece Hires Spies to Clamp Down on Tax Avoidance

People will be employed on a short-term basis to help crack down on those avoiding value-added taxes

Guernsey Treasury minister tells Labour to back off on tax

Guernsey's treasury minister has told the Labour Party not to "bash" the bailiwick on tax transparency.