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

KPMG Stays Top of Auditor Rankings List

KPMG has held onto its top spot as auditor for stock market clients with 376 listed clients followed by PwC, Deloitte, EY and BDO respectively.

HMRC nabs 5 after £500k 'cyber attack' on tax systems

HMRC’s online systems proved extremely resilient to these attacks

Leaders of Iceland Lower Taxes on Their Friends and Families

Wealth tax was implemented in Iceland in 2010

Switzerland Close to Resolving Undeclared U.S. Accounts

The Swiss government is due to decide today whether to accept the accord

British Public Wants More Action to Stop Tax Dodging

The 10-point Lough Erne communique contained 13 uses of the word ‘should’ and not a single use of the word ‘will’.

Swiss Agree on Program for Banks to Settle U.S. Dispute

The Swiss Finance Ministry has been instructed to complete work on a joint statement with the U.S

France cannot take any more taxes, government admits

The French are about to discover stinging rises in tax bills in their letter boxes

Auditor KPMG faces axe from standard chartered

Standard Chartered looks set to dump KPMG as its auditor after four decades of checking the bank’s books

UK trio lead as Baker Tilly acquires accountancy rival in pre-pack deal

Baker Tilly turned to Stephenson Harwood for advice on the deal

RSM Tenon appoints administrators; suspends shares

Three insolvency practitioners at Deloitte have been appointed as joint administrators to RSM Tenon.

Italy deploys computer robot against tax cheats

Italy has one of Europe’s biggest grey economies and highest levels of cash transactions, making tax evasion a constant problem despite repeated crackdowns.

Civil servants get tax breaks paid for by taxpayers

Some of Britain’s most senior civil servants are having some of their tax paid using public money.

Norwegian Fund Manager Talks Tax Evasion

Tax evasion is therefore a "theme" that NBIM "follow[s] closely." Looking forward, Slygstad said that it could also "be an interesting area for us to focus on in the future.

Greece to seize assets of tax dodgers

An estimated €60 billion in unpaid taxes and social security contributions are currently owed to the Greek government, leaving a gaping hole in the country's budget.

Expats advised to prepare for new tax sharing regime in European Union

With the amount of financial information to be shared between European Union countries set to significantly increase over the next few years

Tax as green policy tool: Six countries top chart in KPMG index

The KPMG Green Tax Index is intended to raise corporate awareness of the rapidly evolving and complex global landscape of green tax incentives and penalties

French CGT rethink brings back wealth property buyers

Wealthy investors are rekindling their interest in French property now the government has clarified capital gains tax laws.

'Cowboy' tax advisers face £1m in HMRC fines

"The proposals in this consultation will allow HMRC to further close in on the cowboy advisers promoting these high-risk schemes," David Gauke, the Treasury Secretary, said.

Greek deputy PM says UK has become top destination for tax avoiders

He said that this led to Greeks increasingly looking to London to store their money. "Now it’s not Switzerland [that is] the first destination. The first destination is always London," he told The Independent.

One of Britain's most wanted tax cheats 'caught after 10 years on the run'

Anthony Judge, who had spent 10 years in hiding after fleeing money laundering charges, was arrested after trying to enter Britain on a forged passport on July 4.