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

Number of HMRC Raids Jumps by 12% as HMRC Steps Up Pursuit of Tax Evaders

500 property raids launched in the last year – managing to hit a new record high

AJ Bell calls pension tax freedom u-turn

Providers suggests measures to avoid tax avoidance at retirement due to new rules are not robust enough.

HMRC up front tax to trigger 'wave of insolvencies'

The potential impact of these new HMRC powers is so huge that an independent appeal process should be introduced

EU widens tax investigation into multinationals

The Commission continues to gather information on the tax practices of member states ... and this might lead to new formal investigationS

Russian authorities to offer tax amnesty for offshore companies

The Finance Ministry is pushing ahead with its program to entice Russian-owned offshore firms to repatriate capital.

Vatican financial watchdog signs accord with U.S. Treasury Department

This is the latest example of the authority’s efforts to build international cooperation and prevent a repeat of the corruption scandals

Spain Agrees With Dominican Republic to Stop Double Taxation

Spain taxes the worldwide income of residents and the Spanish income of non-resident

Tax exchange agreements are ‘redundant’, says IoM’s Allan Bell

They’ve served their purpose by stimulating FATCA, and that period of work was absolutely essential to lay the groundwork for the new global structure of tax information.”

Potential tax liabilities affects Catalyst Sipp investors

Standard Life will be contacting its Sipp customers with further details when the position becomes clear, the FSCS says.

Liechtenstein moves to shed tax-haven image

A global crackdown on offshore tax havens following the financial crisis and a 2008 wrangle with Germany over stolen bank data have forced the principality to come clean over its tax policies

SEBASTIAN SHAKESPEARE: Learn how to avoid paying tax - at Her Majesty's embassies!

Guests were offered free drinks and canapes as they were asked if they were liable for British inheritance and capital gains tax.

Putin signs law on providing information by Russian banks under FATCA statute

It is aimed at “creating legal conditions for information exchange between Russian and foreign financial institutions and tax agencies

Italy's increase of financial gains tax to become effective

On 1 July, the Foreign Account Tax Compliance Act (Fatca) will also be implemented in Italy

KPMG International and EY Global Limited announce that they have reached agreement

The agreement includes mutually satisfactory terms which, amongst other things, provides that as of 1 July 2014 KPMG 2014 and Accura Tax become the Danish KPMG practice and KPMG Denmark exits KPMG and joins EY.

How large differences in wealth have begun a new tax debate

Dutch pre-tax incomes are by some measures nearly as skewed as America’s, but once the government has chopped them up and passed them around, they are among the world’s most egalitarian.

The Non-Resident Landlords Scheme

The Non-Resident Landlords Scheme is a scheme for dealing with the UK taxation of UK rental income of individuals, companies and trusts that are not resident in the UK.

Swiss agree to widen cooperation with France on tax evasion

France and Switzerland agreed on Wednesday to cooperate more closely on French efforts to crack down on citizens with hidden Swiss bank accounts to root out tax dodgers and cheats.

UBS, BNP Warned of France’s Zero Tolerance on Tax Evasion

UBS AG Credit Suisse Group AG and other banks providing wealthy French people a home for their money in Switzerland are being told: No more tax evasion.

Russian lawmakers approve bill allowing compliance with US tax law

The bill now passes from the upper house of parliament to President Vladimir Putin

German customs authorities seizing containers with files on account holders from the Cayman islands - Dawn Register, tax director, tax investigations team, BDO

HMRC will open enquiries and investigate the tax affairs of anyone they suspect of having undeclared assets.