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

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.

German Bundestag Backs US FATCA IGA

The bill provides the legal basis for transposition of the US Foreign Account Tax Compliance Act provisions into German law.

Tax evasion and occult financing find citizens, governments, even the Pope at odds

The Cahuzac scandal involving the French former budget minister and evidence he committed fiscal fraud remain a thorn in the president’s side

FATCA Compliance Still a Concern According to Northern Trust Survey of Asset Managers

The survey was conducted among 60 Northern Trust clients in Europe, Middle East and Africa attending a seminar on The Foreign Account Tax Compliance Act (FATCA) at Northern Trust's Canary Wharf offices.

UBS French unit hit with €10m fine

UBS and its French branch are being formally investigated for allegedly helping wealthy clients open undeclared bank accounts in Switzerland.

France Tweaks Wealth Tax Cap

The French Government has published an instruction stating that interest derived from euro fund life insurance policies,

HMRC confirms VAT exemption on discretionary transactional fees

It stated that VAT should not be levied on fees charged strictly on a transaction by transaction basis

Barclays under German taxman's gaze over tax credits - report

German tax authorities are investigating Barclays over the use of legal loopholes

Nigel Farage set up offshore fund to avoid tax: UKIP leader admits "it was mistake"

The UKIP leader paid a tax adviser to create a trust in the Isle of Man – which he intended to channel funds through