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

Isle of Man minister reveals plan to avoid EU tax blacklist

The island is currently on the so-called EU “grey list”, jurisdictions on this list have pledged to make certain changes to their tax practices before December 2018.

New Luxembourg-France tax treaty aligned with 2017 OECD model

The new treaty includes the OECD-recommended title and preamble to clarify that the purpose of the treaty is not to create opportunities for nontaxation or reduced taxation through tax avoidance or evasion.

IFAs urged to mitigate rising IHT bills

Despite the rising allowance, only one in six estates are using the £100,000 additional threshold which came into effect last year.

HMRC withdraws 6,000 upfront tax notices issued in error

Tax lawyers claim APNs are sent out without due care

British lawyer found guilty in $14m US tax saga

A British lawyer has been convicted of helping a wealthy family hide millions in Swiss bank accounts.

Cayman tax: €510 million budgeted for and €5 million collected

Mr Van Overtveldt believes that the figures are not, of themselves, significantly low.

Andersen Global Expands Presence in Portugal

The addition of CNA as a collaborating firm of Andersen Global is part of the firm’s growth strategy in Europe.

Call for UK pensions tax relief at flat rate of 30%

Move would encourage lower earners to save more, says former Blair adviser

UK government tackles tax avoidance involving profit fragmentation

The schemes involve skilled individuals, for example entertainers or asset managers, whose profits from earnings are moved to an offshore company that is often owned by an offshore trust.

Macron’s wealth tax reform: a red light for France’s property industry?

Macron hopes to invigorate growth by pushing cash away from property and into more productive forms of investment

UK’s Mark Davies & Associates in deal with Andersen Global network

“Our clients’ needs are expanding, and routinely their tax affairs can span several tax jurisdictions,” he added.

HMRC accused of extending APN powers

The Revenue has launched a consultation into tackling vehicles designed to move funds offshore and out the reach of the UK tax authorities

Russia Considers Creation of 2 Tax Havens Over US Sanctions – Reports

A source told Vedomosti that the initiative had been talked about for some time, but the recent sanctions created a new momentum for the discussions.

Overtaxed Saffas flock to Portugal as swallows

Tax-battered wealthy South Africans, hoping to protect their retirement income are retiring to Portugal for six months a year on the country’s Non-Habitual Residence programme, with its attractive 10-year tax break.

HMRC’s £50m plan targets tax dodging wealthy

Ten thousand wealthy individuals could be hit by offshore tax avoidance legislation proposed by HM Revenue & Customs, generating up to £50m a year in tax receipts.

Average tax fraud sentences rise to four years

The average length of tax fraud sentences has increased over last few years as HMRC pushes for tax fraud to be considered as a more serious offence

AJ Bell warns of pensions overtax pitfall

In these circumstances, HMRC requires pension providers to use an emergency “Month 1” tax code.

Taxing times for Iceland’s recovering banks

The country’s banks are much more investable than they have been for over a decade – whether or not that makes them attractive enough to relist and attract foreign investors is another question.

Trusts: Do they still have a role to play? Saffery Champness

Negative press coverage also means that the general public often sees trusts as vehicles for the wealthy to hide their assets and avoid taxation.

Making Tax Digital – exploding the myths by Ian Carpenter and John Forth

Myths have grown up around the Making Tax Digital (MTD). While VAT is now at the forefront of the plans, it is expected that the MTD changes will eventually apply to all the main taxes so will impact all UK taxpayers. With so many misconceptions, we separ