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

Skandia calls for tax relief extension on workplace advice

Skandia has called on the Treasury to extend tax relief on advice for employees given through the workplace.

NORWAY: Government wants to remove wealth tax

The wealth tax limits the Norwegian business sector, says Prime Minister Erna Solberg. Solberg dismisses that the wealth tax is a tax for the wealthy.

Germany's rich and famous in taxman's crosshairs

Amid the spate of cases, the public perception of tax-dodging is shifting from that of a naughty but common misdemeanour to a crime and a moral assault on fair burden sharing in society.

Treasurer for Merkel's Party to Quit as Tax-Evasion Debate Simmers

The treasurer for Chancellor Angela Merkel's party said he would give up his position in April, after facing criticism for transferring money into a Bahamas-registered trust in 1997 and as a widespread debate on tax evasion continues to simmer here.

U.S. charges Swiss asset manager in offshore tax fraud case

U.S. prosecutors on Thursday announced they indicted Peter Amrein, a Swiss asset manager, on charges that he assisted U.S. taxpayers in evading millions in taxes by hiding money in offshore trusts at multiple Swiss banks.

Canada, Hungary sign US anti-tax evasion pacts

The law also applies to foreign companies that are substantially owned by US taxpayers.

Celebrity tax dodging prompts calls for crackdown in Germany

Revelations that prominent Germans have for years hoarded cash in secret bank accounts have prompted calls from Chancellor Angela Merkel's Social Democrat coalition partners for a clampdown on tax dodging.

Greece Targeting Tax Dodgers Seeks U.K. Model From Swiss

Greece’s chronic difficulties with tax evasion was a topic of discussion today when Finance Minister Yannis Stournaras met his Swiss counterpart Eveline Widmer-Schlumpf in Athens.

Fund manager considered cancelling Amazon investment over tax avoidance

Royal London Asset Management demanded clarity over online retailer's tax levels – and locations where that tax was paid

Slovenia Initials FATCA Agreement With US

Failure by an FFI to disclose information on their US clients, including account ownership, balances and amounts moving in and out of the accounts, will result in a requirement to withhold 30 percent tax on payments of US-sourced income.

Swiss tax authority probes firm once led by economy minister

The Berne tax authority said it was investigating bank accounts, lease contracts, work contracts and commercial registers of a now liquidated Ammann-Group subsidiary company in Jersey, a British Crown dependency.

Seven investment bankers facing charges over tax claims for film losses

The Crown Prosecution Service said that the charges relate to two partnerships, through which the defendants allegedly conspired to submit false tax returns as far back as 2007 to claim tax relief on the firms’ losses.

Deloitte leapfrogs PwC to become top accountant: global survey

Deloitte has pipped rival PwC to become the world's top accountant by revenue in the face of rising pressure on fees and new rules boosting competition, a global survey showed.

Swiss banker in French tax probe returns home

The head of Swiss private bank Reyl & Cie is back at work in Geneva

Guernsey signs two more DTAs

Guernsey has completed two further bilateral Double Taxation Arrangements (DTAs).

Jersey signs tax information exchange agreement signed with Hungary

The Agreement was signed by the Minister for External Relations, Senator Sir Philip Bailhache, and the Hungarian Ambassador, His Excellency Janos Csak.

Wanted: French-speaking plumbers for tax exiles

The influx of wealthy French tax exiles to prime Central London has created a demand for French-speaking plumbers

Russian, U.S. tax officials to discuss financial info sharing

Russian and U.S. tax officials will meet in Paris next week to discuss financial information sharing, Russia’s Finance Minister said

New wealth taxes loom in the Russian horizon

A recently introduced tax on luxury cars, could be the first in a series aimed to addressed inequalities in the country.

Forget FATCA – GATCA’s on the way, warns tax expert

The European Union has hinted moves are afoot for an EU FACTA to include all 28 nations belonging to the union.