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

Russia’s VTB Will Stop Services for U.S. Taxpayers to Curb Risks

The Group of Seven leading economies yesterday put off the threat of further sanctions

Cyprus: FATCA And The US-Cyprus Connection

The US Department of Treasury has announced that Cyprus and the US have reached agreement in substance as regards the Inter-Governmental Agreement for FATCA and Cyprus has consented to being included on Treasury's list of Model 1 jurisdictions.

Georgia, Moldova to accelerate work over agreement on double taxation avoidance

Georgian Finance Minister Nodar Khaduri held the bilateral meetings in the Hague as part of the annual meeting of member-states of the Holland-Belgium group of the International Monetary Fund and World Bank.

77,000 foreign banks agree to share account information with US in tax evasion crackdown

Participating countries include all the world's financial giants, as well as many places where Americans have traditionally hid assets, including Switzerland, the Cayman Islands and the Bahamas.

Switzerland Tells UK Of Bank Deposit Movements

This was required under an agreement between the UK and Switzerland, which sought a middle ground on respecting Switzerland's banking privacy laws.

BDO strengthens Tax Investigations team with two partner promotions

These promotions follow a successful year for the team including continued year on year growth and new work.

EU urged to speak with one voice on tax reform plans, says commissioner

The G20 group of countries is working with the Organisation for Economic Cooperation and Development to implement a plan to tackle on tax avoidance and evasion.

Bulgaria - Review of FATCA “agreement in substance”

Under U.S. guidance issued in early April 2014, foreign financial institutions (FFIs) located in a jurisdiction that has reached an “agreement in substance” with the United States, under the FATCA regime, will be treated as having an agreement

Will HMRC’s plans for direct access to bank accounts be a Trojan Horse for tax inspectors?

HMRC’s Direct Recovery of Debt proposals raise concerns that tax inspectors could have a new way to access private bank transaction histories without the appropriate safeguards.

Tax havens: UPA sat on its hands but will NDA go the whole hog?

The revelations have already led to the resignation of the head of Deutsche Post, which is currently the world’s largest logistics company

Increase Tax on Dutch Wealthy:OECD

Labour and consumption are heavily taxed, while wealth is taxed lower than in other Western European countries

Guernsey set to join OECD’s top club in fight against tax evasion

The OECD and the Council of Europe's Multilateral Convention on Mutual Administrative Assistance in Tax Matters will be effective in Guernsey from the start of August.

Pressure mounts on Austria to step into line on tax evasion

Parts of the law are at the constitutional level,” meaning a two-thirds majority is needed in parliament to enact changes, he says.

Swiss to hand HMRC tax ‘hit list’

The Swiss Government is poised to pass HMRC a "hit list" of ten nations where holders of Swiss bank accounts siphon their money to.

Taxman collects extra £1billion by cracking down on barristers and accountants

Barristers, accountants and solicitors were among the people targeted by HMRC to collect an extra £1billion

Schroders executive Massimo Tosato ends controversial contract after tax pressure

The report states that the contract ended “during 2013”

Govt crackdown raises record £23.9bn in extra tax

The Government’s crackdown on tax avoidance has seen a record £23.9bn raised in additional tax for the year to the end of March.

Azerbaijan, U.S. to sign double taxation avoidance agreement

Azerbaijan and IRS reached an agreement on FATCA

Albania and Kazakhstan discuss signing of double taxation avoidance agreement

After meeting head to head between the two counterparts were meeting with both delegations.

Credit Suisse: Remaining ‘hit list’ banks sweat over US verdict

The question remains if any other Swiss bank will suffer the same fate as Wegelin, that was forced to dissolve after being convicted by a criminal court at the beginning of 2013.