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

Advisers bracing for big tax changes

Identify key tax targets vulnerable to budget changes

HMRC raids over 1,000 properties in fight against tax evasion

Dawn raids usually take place where HMRC suspects serious tax evasion

Pressure mounts on chancellor to stay clear of pension tax

Under current rules tax relief is paid on savers' pension contributions at the rate of income tax they pay.

Turkey Faces Tax Blacklist If No Changes to Policy, Austria Says

The tax haven debate adds to a number of issues in which the EU faces the choice between enforcing its own rules and jeopardizing an agreement under which Turkey helped stem the flow of migrants to Europe in exchange for financial assistance.

Spanish government approves digital services tax targeting large multinationals

The Spanish government has a majority consensus on the new tax, and it is, therefore, very likely to pass, though amendments may be incorporated before the approval of the final version.

Weekly Tax Brief

Welcome to RSM’s weekly round-up of the most important tax news.

How will Italy's Digital Services Tax impact tech giants' bottom line?

The aim is to tax businesses which traditionally paid low amounts of tax in foreign countries they operated in, those being: search engines, social networks and online marketplaces.

'Mansion tax' – rumour or reality?

According to the report, a so-called ‘mansion tax’ directed at residential real estate has been mooted more than once in Treasury discussions and in government more generally.

Boris Johnson vetoes mansion tax after backlash

The PM has 'cooled' on the idea to charge wealthy homeowners more in next month's budget

Global tax reform could raise as much as $100B, OECD says

The analysis shows that Pillar Two could raise a significant amount of additional tax revenues.

EU Moves to Add Cayman Islands to Tax Haven Blacklist: FT

The EU launched the tax haven blacklist in 2017 as part of a pressure campaign to crack down on tax evasion and avoidance.

Crackdown on tax evaders targets big corporations

The provisions, under the Criminal Finances Act 2017, eliminate the need for prosecutors to show that there was a “controlling mind” at board level.

HL warns on cashflow issues from ‘mansion tax’

The mansion tax could stimulate more property sales as well as increase demand for equity release.

Greece introduces an attractive tax status for foreign high net-worth individuals

Manos Tountas of EY Greece examines the new ambitious tax law which could help bring a new wave of wealthy entrepreneurs into the peninsula.

Tax freeze sees high earning Scots pay more

The income tax changes are expected to increase the tax take by £51m in 2020/21.

Changes to Portugal tax rate will ‘strengthen’ its expat appeal

Still opportunities and benefits despite uplift of pension tax to 10% from zero

Know your tax liability

Failing to understand the associated cost of these taxes can result in a reduction in the profit made on the assignment

31 million taxpayers to get April tax cut

31 million taxpayers are set to get a tax cut in April, the Chancellor has announced, thanks to new legislation laid in Parliament today (30 January).

French experts expected in Seychelles to examine tax haven blacklist issue, president says

Faure said that a national committee has been established to look at relevant laws as well as the relationship Seychelles has with the European Union and the OECD -- the Organisation for Economic Co-operation and Development.

Despite US-French truce on DSTs, prospects for broader OECD tax pact remain uncertain

The result at the end of the week appeared to be a ratcheting down of tensions between the US and France