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

HMRC targets salary sacrifice schemes in further tax avoidance clampdown

Troup also said that HMRC would tackle avoidance through an increase in the use of ‘nudge’ campaigns designed to encourage better behaviour by the taxpayer.

FATCA and charities by Withers

Overall, this is good news for UK charities and for dual qualified charitable structures

Germany's Schäuble Rejects European Wealth Tax

German Finance Minister Wolfgang Schäuble has vehemently rejected the idea of introducing a wealth tax in Europe, to balance out existing inequalities between the rich and the poor.

EY and KPMG to Merge Denmark Operations

The proposed agreement between the fellow Big Four members is still subject to regulatory approval.

Russian Investigative Committee proposes liability for offshore tax-evasion schemes

The problem of offshore zones was raised by Russian President Vladimir Putin in June, when he announced on the heels of the G8 summit that Russia would tackle the problem by drawing up a national plan to deal with such tax havens

Germany's taxman backs down in UK's worst case of identity theft

A British man who faced a crippling tax bill in Germany as a result of identity fraud has finally won his case with the authorities.

Global Forum moves towards automatic exchange of tax information and transparency

The international community has taken new steps to strengthen transparency and boost the comprehensive exchange of information between governments worldwide.

Tax Amnesty a Success in Netherlands

Taxpayers in the Netherlands have come forward in droves to square off their tax affairs via a tax amnesty before the government significantly hikes the fees and penalties for tax evasion and other illicit activities.

U.S. and France Agree to Cooperate More Intensively Against Tax Evasion

The agreement was signed in Paris by Finance Minister Pierre Moscovici and the United States ambassador, Charles H. Rivkin. It adds an important partner to the Foreign Account Tax Compliance Act

Hungary Deepens Commitment to Fight Offshore Tax Avoidance and Evasion

Hungary has made steps to strengthen international tax co-operation by becoming the 61st signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters

Top 25 accountancy firm has merged with C W Fellowes

“Geographically, the merger is also a good fit and strengthens the Wilkins Kennedy presence across the South of England.”

EU Seeks To Increase Influence on Global Accounting Rules

The European Union is seeking to increase its influence over global accounting standards by beefing up the agency that scrutinizes new rules and in certain cases tweaking how they are applied in the bloc.

Cyprus to hold talks for removal of tax ‘non cooperation’ tag

The government of Cyprus has said it will hold talks with India's income tax department this month to help remove the tag of a tax-non-cooperating jurisdiction that India had given the tag to the Mediterranean island nation last week.

Furor Over Hidden Art Is Unwelcome Distraction for German Prosecutor

Reinhold Nemetz Says Story Leak Makes His Tax Investigation Harder

IMF Denies It Favors Wealth Tax

The International Monetary Fund issued a statement on November 05, 2013 denying that it favors a wealth tax

French Assembly Passes Tax Evasion Bill

The French National Assembly has definitively adopted the Government's anti-tax evasion and major economic and financial crime bill. The legislation was passed by 358 votes to 198.

Portugal Gazettes Tax Regularization Decree

Customs agents seizing increasing amounts of undeclared cash

The cash, often in bundles of 500-euro notes, is moving with political currents as some Europeans seek to hide their wealth from rising taxes, high-profile tax investigations and tightening rules at Swiss banks and other traditional havens.

France Observes "Influx" Of Voluntary Tax Declarations

The "influx" of requests followed publication on June 21 of a circular, drafted by French Budget Minister Bernard Cazeneuve, detailing the exact conditions governing the treatment of voluntary declarations submitted by French taxpayers with unta

Britain says to sign tax agreement with Cayman Islands

"We will be signing this afternoon a tax information sharing agreement with the Cayman Islands, the first ever with an overseas territory," Osborne told parliament.