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

Italy’s 2019 budget law introduces new digital services tax

The budget law introduces a new digital services tax (DST) to replace the DST that was proposed under the 2018 budget law but that never became effective.

Government warned of dangers in digital tax

The OTS offered the example of self-driving cars, asking the question of who was responsible between the owner, passenger, manufacturer or software developer should the vehicle be involved in an accident.

Health secretary in talks with chancellor over pensions tax relief

“The Secretary of State for Health has just inherited the biggest single cash injection the health service has ever had.

UK tax on offshore intangibles: 'serious' compliance issues

The new income tax charge on offshore receipts in respect of intangible property (ORIROIP) was announced in October's budget and is due to apply from 6 April 2019.

Andersen Global Expands Luxembourg Offerings

CM Law is the tenth firm to join forces with Andersen Global in Europe since the start of 2018.

Ireland needs to prepare for future and give US firms reasons to stay

Predicting that "it won't last for another 20 years", he said Ireland needed to create "more value added" and give the multi-nationals "another reason to stay".

Time to venture into venture capital trusts

One of the last relatively straightforward and tax-efficient investments left is a venture capital trust.

Shaw Gibbs merges with Pearson Bucholz

Lynne Buchholz, Managing Director of Pearson Buchholz said “This is a great opportunity to add value for our clients with enhanced capabilities.

Many caught in tax avoidance scheme await final settlement

Around 60% of people affected yet to receive calculations from HMRC

Google stashed billions in offshore tax haven

Tech companies like Google and Apple are well-known users of the strategy, which officials from each of the countries involved have moved to close.

Bereaved savers needlessly pay tax on inherited Isa cash

But data obtained from HM Revenue & Customs by Zurich under freedom of information rules show the entitlement has been claimed by just 21,000 people in the 2017 to 2018 tax year.

Netherlands puts Cayman on tax blacklist

The only criterion for the list appears to be that these jurisdictions have a corporation tax rate of less than 9 percent or no corporation tax at all.

Russia ushers in ‘Google tax’ on New Year’s Day

Prior to this, foreign companies were obligated to pay the VAT for providing electronic services only in the framework of transactions with individuals

Dutch add Guernsey, Belize and Isle of Man to tax evasion blacklist

From Jan. 1, 2021, companies registered in blacklisted jurisdictions will be subject to a 20.5 percent withholding tax on interest and royalties received from the Netherlands.

French government scrutinising company executives' tax affairs

Darmanin did not detail whether the French government had any particular companies in its sights.

IIA takes a fresh look at risk management model

The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.

Luxembourg/France tax treaty likely delayed to 2020

The French Senate approved the tax treaty on 17 December this year, and it has been sent to the French National Assembly for approval.

What you need to know about the annual allowance

List what impact the MPAA and tapered annual allowance has for advisers' clients.

Warning high taxes could quicken post-Brexit bank departures

“This report shows that the UK’s tax competitiveness has been substantially eroded relative to other financial centres to which globally mobile corporate and investment banks based here could relocate.”

Cyprus, UK sign double taxation deal on government service pensions

“The new UK-Cyprus Double Taxation Agreement is important because of our already strong trading links and close people-to-people links, which we hope to grow further in the future,” Lillie said.