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

Crackdown on tax abuses by technology companies

Multinational companies are braced for a tax crackdown after George Osborne vowed to use his Autumn Statement on Wednesday to put a stop to businesses abusing the system.

Deadline looms for end of film tax relief for investors - Mazars

Mazars strengthens its Media and Entertainment Team

Johnson's Anti-Fatca Crusade Is "Noble" Says Wealth

Fatca is intended to stop Americans dodging taxes by hiding their wealth overseas, but it has proved controversial because it extends to all American passport holders, even those who have only a tenuous link to the US.

New powers for HMRC by Baker Tilly

We reveal some of our predictions for next week’s Autumn Statement.

Donations to a charity from its trading subsidiary: unlawful? - Withers

The Charity Commission has withdrawn its longstanding endorsement of donations to a parent charity that exceed the donating subsidiary’s distributable profits in light of a report by the Institute of Chartered Accountants in England and Wales.

A whistleblower who has helped Europeans recover billions in taxes

Investigations have lead to the creation of the so-called “Falciani List,” which contains the information of the suspected tax evaders.

Over 23,000 Offshore Companies With Profitable Activity in Greece

In total, authorities traced over 2,200 Greek offshore companies in non-cooperating countries, who had declared over 2,100 legal representatives, tax agents and administrators over the last 30 years.

Are you ready for the new financial reporting standards? - Moore Stephens

UK energy and mining companies preparing financial statements under UK GAAP will be affected by the abolition of UK GAAP in its current form.

Capital gains tax charge on non-residents – further details published - Moore Stephens

The government announced in the 2013 Autumn Statement that it intended to introduce a capital gains tax (CGT) charge on the disposal of UK residential property by non-residents with effect from 6 April 2015.

Nina Ricci perfume heir charged with tax fraud

The heir to the Nina Ricci perfume fortune is to go on trial for tax fraud in what is seen as a test case related to the HSBC tax avoidance scandal.

Vladimir Putin Signs Law to Stem Capital Outflows and Clamp Down On Russian Tax Cheats

Russia holds a leading place in the world among developed states by the scope of the use of offshore schemes.

Paying Taxes 2015: The global picture

he study investigates and compares tax regimes across 189 economies worldwide using a case study company, and ranks them according to the ease of paying taxes.

What's the end game for 'name and shame'? by Mike Down, Baker Tilly

Last week, HMRC published the details of recent tax evaders on their website. The latest in a regular quarterly series of ‘Publishing Details of Deliberate Defaulters’ (PDDD) lists, it contained details of 23 taxpayers.

IMA announces winners of its inaugural Auditor Reporting Awards

Daniel Godfrey, IMA chief executive, said at the awards ceremony the quality of reports was mixed. Although the change was “the most significant advance in auditor reporting in decades” some of the reports were “frankly disappointing&

Millionaire Tory Boris Johnson is refusing to pay his taxes.

The American-born mayor owes the country tax after he sold a house but is refusing to pay the large amount that is due

Cyprus Agrees Double Tax Pact With Iceland

Cyprus and Iceland have released the text of a new double tax agreement signed between the two nations on November 14, 2014.

HSBC's Swiss private banking arm under investigation in France

The Swiss private banking arm of HSBC Holdings Plc said on Friday it had been placed under formal investigation by French magistrates, who are looking into whether the bank helped certain clients avoid paying taxes.

Hedge Funds Face Exit Tax as Iceland Central Bank Discusses Plan

The government targets having a plan it can present by year-end that would map out how Iceland will scale back currency controls currently blocking about $6.6 billion from exiting the island.

Crackdown on celebrity tax avoidance branded a failure

MPs have attacked the taxman for being too slow to crack down on controversial avoidance schemes used by celebrities and other high earners, resulting in millions of pounds being lost to the public purse.

MPs tell HMRC to pick up the pace of tax investigations

The Public Accounts Committee has criticised HM Revenue & Customs for its "unacceptably slow" action against tax avoiders.