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

LuxLeaks whistleblower trial begins in Luxembourg

The former PwC employee turned whistleblower behind the LuxLeaks scandal that implicated Luxembourg in industrial tax avoidance goes on trial in the tiny European duchy on Tuesday.

New tax rules for large European funds

The EU’s tax plans, which are expected to come into force in 2018, are likely to affect only large fund ranges and private equity vehicles, as the rules will only apply to companies with annual global revenues of at least €750m.

Let's not overreact to Panama Papers, many EU finmins warn

German Finance Minister Wolfgang Schaeuble questioned the effectiveness of the Commission's plan at the end of a two-day finance ministers meeting in Amsterdam

Cyprus backs international crackdown on offshore tax evasion

Osborne said the growing international group would deal a blow to tax evaders.

EU to tackle tax evasion

“The risk of populism is very real if we don’t act forcefully enough or quickly enough,” French Finance Minister Michel Sapin said in an interview in Amsterdam on Saturday.

Former KPMG Belfast partners seek judicial review of tax investigation

Eamonn Donaghy, Jon D’Arcy, Paul Hollway Arthur O’Brien not charged with wrongdoing

Offshore clampdown continues as HMRC protects £365m

HMRC disputed the intentions of the Clavis Liberty Fund 1 LP scheme, which created an artificial tax loss for its 99 investors.

Liechtenstein and Iceland agree to terms of tax treaty

The treaty also contains an arbitration clause, and clarifies taxation of investment funds

Isle of Man joins G5 nations in global move for greater transparency

The Isle of Man Government has today agreed to engage in an initiative on automatic exchange of beneficial ownership information spearheaded by the five largest economies in the European Union - the UK, France, Germany, Italy and Spain (G5).

The PM and the Panama Papers: was David Cameron's offshore funds criticism fair?

The furore over David Cameron's investment fund shares offers useful lessons for those that question why such funds are traditionally set up offshore

Jersey Tax Bulletin - Deloitte

Welcome to the April 2016 edition of Deloitte’s Offshore Tax Bulletin, which provides a round-up of local and international tax issues relevant to Guernsey, Jersey and Isle of Man businesses and individuals.

Crackdown on offshore owners of UK property

Secretive wealthy buyers to be unmasked

Offshore Tax Bulletin - Deloitte

Delaware - when is a tax haven not a tax haven? by Rebecca Reading

With all the focus on places such as Panama, the US might just be keeping quiet in their own dark corner, hoping no-one will remember that Delaware is one of the most private places in the world to set up a company.

Spain probes list of Swiss bank accounts provided by Germany

Germany’s North Rhine-Westphalia state said last week it gave Spain and more than 20 other European nations the list of people and companies.

Hamburg Bank Linked to Panama Papers

Berenberg Bank, a publicity-shy private bank in Hamburg, is receiving more attention than it wants these days.

Witch hunt: Industry warning as tax furore risks damaging financial planning

In the UK, the focus has centred on Prime Minister David Cameron, and his investments in the offshore Blairmore fund run by his late father.

Japan's business lobby rails against EU tax disclosure proposal

The EU would request that these companies post the data on their websites

Panama Papers leak will have negative impact on expat banking options

The banks in the main offshore centres are extremely nervous of taking on any clients who are not resident in their jurisdiction.

Concrete actions needed to advance global tax transparency, OECD says

The international community should call time on all remaining holdouts who have yet to implement internationally agreed tax transparency standards, OECD Secretary-General Angel Gurría said in a new report to the G20.