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

Austria's SPÖ Seeks Tougher Tax Regularization Rules

Steßl suggested that a 5 percent surcharge should be imposed on undeclared assets above EUR50,000

‘French mini-FATCA’ fears as France goes after trusts

Tax experts who have been studying France’s new tax regime for wealthy individuals are likening its treatment of trusts to elements of America’s much-criticised FATCA regulations.

Several offshore zones suggest exchanging tax information with Russia

The deputy finance minister added Russia’s “reaction to the initiative will be positive, Russia will participate in the negotiations and will enter into agreements."

Greeks Among World’s Best Tax Dodgers

Hitherto, the consistency with which Greek citizens meet their tax obligations has perhaps not been noted by the rest of the planet as being among their strong suits.

Leeds United: Cellino found guilty of tax evasion

THE ownership of Leeds United was thrown into chaos this morning after reports that prospective owner Massimo Cellino had been found guilty of tax evasion by an Italian court.

Documents reveal Kurchenko’s alleged tax evasion schemes

The young Ukrainian ex-billionaire Serhiy Kurchenko, now widely suspected of being a front man for overthrown President Viktor Yanukovych’s family, clearly liked offshore destinations.

Jersey signs tax agreement with Belgium

Jersey and the Kingdom of Belgium signed a tax information exchange agreement at the Residence of the Ambassador for the Kingdom in London today

‘Clients should use charity tax breaks’

The divisional director for tax and technical support at St James’s Place said clients could make significant savings on their tax bills by making donations.

Georgia, Germany ink two financial agreements

Germany agreed to allocate 124.5 million euros to Georgia of which 115 million are a soft loan, and 9.5 million a grant on the basis of the agreement on financial cooperation.

FATCA update for UK trustees

Many UK advisers believe that the Foreign Account Tax Compliance Act only applies to UK trusts if there are US beneficiaries, settlors or investments.

Munich court hears Hoeness dodged more tax than he said

The president of German team Bayern Munich, who has admitted evading millions of euros of taxes, hid even more income than he said, a tax inspector told his trial on Tuesday.

Ex-Credit Suisse banker accused of fraud surrenders, set to aid tax-evasion inquiry

A former Credit Suisse banker surrendered to U.S. authorities Tuesday and plans to plead guilty to fraud charges

HMRC under fire over plans to force payment of contentious tax

Proposals by HM Revenue & Customs to group together similar tax avoidance cases have come under further fire from industry experts.

Celebrities in firing line as HMRC looks to recoup £1bn tax

Celebrities including David Beckham and Andrew Lloyd Webber could face a bill of £1bn after a film scheme they invested in is accused of tax avoidance.

Tiny Luxembourg blocks tax evasion law for EU

Luxembourg, a duchy of barely 500,000 people, was able to shelve the legislation for the 28-nation bloc and its 500 million citizens because the decision required unanimous approval at Tuesday's meeting in Brussels.

Bayern boss faces tax trial

He will face seven charges of evading 3.5 million euros in taxes

London HNWI buyers scared by tax changes

Even rumours of a so-called “mansion tax” were enough to stagnate the prime property market in London, a panel of experts heard today

Indiai posts officers in 7 nations to crack down on offshore tax evasion

India has recently operationalised seven new Income Tax Overseas Units (ITOUs) in countries like Germany, US and France.

Credit Suisse’s cloak-and-dagger tactics to help U.S. tax cheats used in Canada too, documents show

Canadians will be particularly intrigued with evidence included in the report that lays out the Swiss banking giant’s strategies for dealing with clients in this country.

Britain to scrap Bitcoin tax

The UK’s welcoming approach to Bitcoin contrasts with the approach of other countries, amid concerns about its use for tax evasion and money laundering as well as its notoriety for wide fluctuations in value.