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

Cyprus – Luxembourg double tax treaty entered into force

This treaty is based on the latest international standards in terms of avoidance of double non-taxation and exchange of information. I

Higher offshore tax evasion penalties explained

Each type of infraction is sub-divided into three categories: non-deliberate, deliberate, and deliberate and concealed.

Taxpayers down €1.8bn as volatile markets hit banks

The Government will not see a return of the money sunk into Anglo Irish Bank and Irish Nationwide

Mid-tier accountants Smith & Williamson post strong growth ahead of anticipated float

Last year Smith & Williamson had a round of unsuccessful merger talks with investment manager Rathbones.

Guy Wildenstein cleared of tax evasion for a second time in Paris

Franco-American scion of art dealing dynasty was accused of hiding art and other property worth hundreds of millions of euros from French authorities

Now the tax man is coming for average earners - so beware the financial 'cliff-edge'

In recent years British taxpayers have enjoyed welcome increases to the tax-free personal allowance and the amount they can inherit free of tax.

Greeks turn to bank cards for tax avoidance

An employee holds a credit card in a shop in Athens, Greece, on June 30, 2018. The use of plastic money and electronic transactions in Greece have soared after the capital controls, according to a survey released in Athens, as two years since the introduc

On-Air Now Listen Live WebcamsMobile AppWeatherInfocentre Facebook Isle of Man reiterates zero-tolerance tax evasion stance

There has recently been an increased investment in the Island's financial intelligence and enforcement agencies, while the submission also draws attention to the publication of the Financial Crime Strategy.

OECD launches largest source of comparable tax revenue data

“It is a vital foundation for tax policy reform and in supporting efforts to raise domestic resources to fund development”.

Hobby or investment?

The taxation of trophy assets

HMRC Needs To Do More To Stem Tax Avoidance

CIOT also points out that ‘non-compliance’ is the same if tax avoidance or evasion happens on or offshore, which makes punishing expats and offshore taxpayers unfair.

Double tax-treaties draw Henderson Far East back to London

This is due to ‘the greater number of double tax-treaty agreements between the UK and overseas jurisdictions’ that means companies are only taxed once, not twice.

ING Belgium accused of helping Russian oligarchs avoid tax

Strawman companies are registered in tax haven companies, but consist of nothing more than a postbox address.

Not so innocent abroad: taxman targets income from foreign holiday lets

Big new financial penalties loom for people hiding any overseas earningsr

The auditor of Citi, Credit Suisse and Deutsche Bank was tipped off before regulatory inspection

Court filings: KPMG employees would receive bonuses if their engagements received no comments from inspectors

Real Madrid's Cristiano Ronaldo agrees €18.8m fine in tax case - sources

The final agreement has still to be signed off on both sides -- and Ronaldo's camp may yet get the prison sentence element removed in exchange for a higher fine.

HMRC tax evasion cases reach record high

HMRC said it takes any reports of tax evasion extremely seriously and always thoroughly analyses and investigates any information it receives.

Yanis Varoufakis: Ireland a tax haven ‘free-riding’ on Europe

Former Greek finance minister says Ireland remains deeply divided since crash

Cristiano Ronaldo tax evasion: settlement reportedly close

El Confidencial says the Real Madrid forward is near to agreeing a deal with the Spanish inland revenue that would ensure he avoids jail time.

Offshore offence: HMRC’s tax evasion hunt has begun

For those with extensive offshore arrangements, it is particularly important to review these to make sure that they remain compliant.