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

Norway's Wealth Fund Faces Demonstration Over Tax Havens

The planned demonstration follows calls last week by opposition lawmakers in Norway for the sovereign wealth fund

Paris and Berlin call for global tax-haven blacklist

The moves by Berlin and Paris come in the wake of the embarrassing revelations last week showing the broad use of offshore entities by the world’s rich and powerful.

Jersey's Chief Minister issues statement on beneficial ownership

They are required to provide accurate, up to date information on beneficial owners to the Companies’ Registry, which forms the central register of beneficial ownership.

SocGen chief to testify to French senate on Panama Papers

French bank was a prolific creator of offshore companies

Deloitte steps down as auditors to Ulster Bank

Deloitte was paid €1.1 million, excluding Vat, as auditors to Ulster Bank Ireland Ltd in 2015, up from €933,000 a year earlier.

German Finance Ministry Seeks Global Register

German Finance Minister Wolfgang Schäuble has called for countries to work together in the fight against tax fraud and money laundering.

ABN Amro helps clients hide assets in tax havens, Dutch media claim

The Panama Papers show ABN Amro has at least six subsidiaries which operate as nominal shareholders.

French regulator demands extra tax haven information from banks

France's ACPR financial sector regulator has told French banks to hand over extra information about their business ties with tax havens following "Panama Papers" leak, a spokeswoman said Thursday.

FCA orders banks to probe links to Panama Papers

The banks have been told to send over their own preliminary findings by April 15, according to a copy of the letter seen by the Financial Times.

Revealed, former HSBC boss's tax haven: Leaked documents show executive tried to avoid paying by placing £8m town house in offshore company

The ‘Panama Papers’ reveal the former boss held his £8million townhouse through a trust

Widespread ignorance of inheritance tax threshold - Octopus

“Our latest research shows just how vital it is to be aware of the key rules and regulations around tax planning so you can make your money work harder for you and help look after those you love when you are gone.”

PM Intervened To Weaken EU Action On Trusts

Downing Street defends a letter in which Mr Cameron urged officials to focus on companies rather than trusts in a tax crackdown.

HMRC to close T&S tax ‘loophole’

Crawford Temple, chief executive of PRISM, a trade body for service providers and payment intermediaries in the temporary labour market, spoke to Recruiter about the move.

HMRC promises 'swift' action against tax avoiders named in Panama Papers

The British Virgin Islands, which as a British overseas territory is administered by the Crown, has 113,000 shell companies registered with the Panamanian law firm at the centre of the leak, more than any other territory.

Jersey leads on the capture and sharing of beneficial ownership information

He welcomed moves for greater transparency and called on other locations that had not done so to introduce a regulatory regime that enabled them to know and share information on the beneficial owners of companies with appropriate authorities.

Treasury grabs huge increase in Inheritance Tax thanks to rising property values

Inheritance tax receipts taken by HM Revenue and Customs jumped to a record high of £4.6 billion in 2015-2016 according to Wilsons, a private client law firm.

HMRC continue to crack down on tax avoidance and tax evasion - Video

This video discusses the tools that tax authorities are using to tackle tax avoidance schemes as announced in this year's UK budget, March 2016.

The Panama Papers allegations are not representative of the offshore financial industry

The comments from Nigel Green, founder and chief executive of deVere Group, follow a major leak of confidential documents from Panamanian law firm, Mossack Fonseca.

Managing an offshore disclosure – what to do next? by Andrew Hubbard

The revelations emerging from Panama and the threat of further leaks will almost certainly mean sleepless nights for some. So what should you do if you’re worried that the taxman might come knocking?

Britain should not crack down on tax havens as doing so would destroy their livelihoods, senior Tory MP says

Dominic Grieve says British Overseas Territories are 'entitled' to exploit financial services