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

BEPS: Jersey & Guernsey introduce local regulations on country by country reporting

As part of the OECD’s BEPS agenda, the ‘Transfer Pricing Documentation and Country-by-Country Reporting

Portugal introduces wealth tax on properties over €600k

The allowance applies per individual, so a married couple or those in a civil partnership would only face a tax on any jointly-owned properties over €1.2m.

Belarus, China's Hong Kong sign double taxation avoidance agreement

The document was signed during the visit of the Belarusian government delegation.

EU Panama Papers Tax Probe Shifts To Banks, Law Firms

Law firms and accountants in hiding the identity of ultimate beneficial account owners.

UK Ready To Become Hard Brexit Tax Haven If EU Fails To Agree Trade Deal, Theresa May Warns

We will change our model and we will come back, and we will be competitively engaged.

Netherlands ‘will block UK-EU deal without tax avoidance measures’

The vision of a low-tax Britain that enforces fewer regulations in terms of workers’ rights on businesses has been a motivating force for a number of high profile Brexit supporters.

Dead Art Billionaire Son Cleared of French Tax Fraud Charge

The month-long trial last year opened a window into the art world and provided insight on the family’s business secrets.

Cyprus Tax Roundup 2016

Since Cyprus does not impose any capital gains tax on disposals of shares in companies unless they own immovable property in Cyprus.

Greece Likely to Back Down on Tax Exemption Limit, Pension Cuts

In order to be on track, Athens is asked to lower the threshold of tax-exempt incomes.

Inheritance Tax will be next obstacle to London's recovery-claim

This will undoubtedly slow recovery.

RSM UK announces merger with RSM Northern Ireland

This news comes as over the past year RSM has announced 6% in global growth and the promotion of a record 19 new partners in the UK firm.

Luxembourg must allow court challenge to validity of French tax information exchange request, CJEU Advocate General says

Luxembourg ordered Berlioz to divulge information

Tax avoidance is one of the greatest difficulties besetting the world economy. Accountant and tax campaigner Richard Murphy estimates that 10% maybe more of the world’s wealth is hidden away in tax havens. Taxed, the secreted trillions would provid

Russia’s Finance Ministry proposing to remove Hong Kong from list of offshore areas

The amendments are expected to come into force in September 2017.

EU Greens claim Malta could be put on tax haven blacklist

However, a new report on Malta’s tax system published by the European Green Party today suggests that, if European countries were also to be screened, Malta could fail to pass the test itself, depending on the interpretation of criteria by the EU.

Independent city firm reports 70% growth

The business has expanded with the addition of Richard Bunker as a private client specialist partner

Weekly Tax Update 9 January - Smith & Williamson

Included in this Weekly Tax Update: Confirmed date for Spring Budget 2017, ATED rates, updated guidance on BEPS action 4 and more.

Italy now trying to entice taxpayers to declare hidden cash

Now the state is trying again with a “Voluntary Disclosure 2.0” that got underway at the start of the year.

What does the 'automatic exchange of financial account information' between Australia and Greece mean?

Tony Anamourlis delves into the agreement's impact on dual citizens

Irish tax authorities tighten offshore disclosure regime

Revenue guidance states that where there are liabilities arising within Ireland as well as liabilities relating to offshore matters.