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

Ex-HSBC employee hopes for widening of Europe tax probe

The investigations were blocked in various countries due to a lack of knowledge about the objective and the scale of the problem,

The accord is meant to counter tax evasion and avoidance

Macau and Malta have agreed to work together to prevent tax evasion and tax avoidance.

Closing tax gaps - OECD launches Action Plan on Base Erosion and Profit Shifting

National tax laws have not kept pace with the globalisation of corporations and the digital economy, leaving gaps that can be exploited by multi-national corporations to artificially reduce their taxes.

FATCA | Registration Portal delayed and certain deadlines extended - Withers

On July 12, 2013, the Internal Revenue Service announced revised timelines in connection with the staged implementation of the various due diligence, verification, withholding, and reporting requirements

Swiss arrest witness in French tax fraud probe

It said it had handed all evidence in the case to the Swiss attorney general's office.

Romanian prosecutors start searches into EUR 6 mln tax evasion ring

The Police recently started searches in Bucharest and in 26 Romanian counties

MPs looking into Prince Charles' tax affairs

The prince did pay a £4.4m tax on the estate but MPs are investigating whether the current arrangement is just.

HMRC halts £135m stamp duty avoidance scheme

The stamp duty sub-sale and alternative finance scheme had been notified by Clifford Chance under the Disclosure of Tax Avoidance Schemes regulations

UBS's German offices searched in ongoing tax probe of clients

UBS said some of its German offices were searched in connection with an ongoing tax probe of the Swiss bank's clients

French HSBC tax case report reveals $5 billion in Swiss funds

France, like countries across the world, is cracking down on tax after the global financial crisis put government budgets under strain and increased the need to maximise tax receipts.

Italy's Tax Evasion Amounts To Hundreds Of Billions

The Italian central bank said tax burdens continued to be a major obstacle to recovery in the country, which is in its longest recession in more than 20 years.

No crisis for French super-rich

The 500 richest people accounted for 16 percent of gross domestic product and 10 percent of the total financial assets of the French

OECD set to target tech giant tax evasion strategies

Corporate tax avoidance has become a hot political issue following public outrage over revelations in the past year

US Can’t Keep FATCA Promises, Claim Opponents

Campaigners lobbying against the US Foreign Account Tax Compliance Act

Swiss banking industry casts doubt on £3bn tax windfall for UK

He had been banking on it raising £3.2 billion this financial year—money already factored into the budget.

Vatican bank joins global 'fight against money laundering'

THE revelations of wrongdoing currently rocking the Vatican bank couldn't have come at a worse time for the Swiss-born anti-money laundering expert hired to lead the Holy See's push for greater financial transparency.

Germany strikes pact with U.S. to fight tax evasion

Britain, Denmark, Ireland and Mexico have struck such accords with the United States.

Senior UK banker arrested on suspicion of tax fraud: HMRC

A senior London-based bank executive has been arrested on suspicion of tax fraud

Tax haven Liechtenstein opens consulate in Hong Kong to boost ties

European tax haven wants to boost its presence in Asia as region's economic power grows

HSBC Whistleblower Hervé Falciani to Advise French Lawmakers on Fighting Tax Evasion

To help the country to draft new laws against tax evasion, despite being hunted down by Swiss authorities for allegedly breaching banking secrecy.