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

France widens HSBC Swiss bank inquiry to global holding company

France is the latest nation to investigate activities at HSBC's Swiss private bank amid new allegations surrounding tax affairs.

Labour vows to scrap 'tax haven' non-dom regime

A Labour government will scrap the non-dom regime if it comes into power with Ed Miliband to say it 'makes Britain an offshore tax haven'

Diverted Profits Tax - Live - Deloitte

UK Diverted profits tax (DPT) applies at the rate of 25% from 1 April 2015 to profits of multinationals that have been artificially diverted from the UK.

Non-dom capital gains tax comes into effect

Changes may prompt high-net worth individuals to reconsider their property investment plans

Huge Profit Stokes Concerns Over Starbucks’s Tax Practices in Europe

Coffee chain paid less than 1% in corporate tax last year in the Netherlands, where its regional head office was based

Baker Tilly warns businesses could be disqualified or restricted from raising further EIS or VCT investment following EC intervention

Baker Tilly is warning businesses that they need to take extra care in order to raise important funding from Venture Capital Trusts and under the Enterprise Investment Scheme.

Foreign investors cry foul over Indian tax surprise.

U.S. and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains.

German Econ Min: Would Freeze Bank Accounts of Greeks Suspected of Tax Fraud-Report

Germany would be willing to freeze the bank accounts of wealthy Greeks suspected of tax fraud

HMRC closes buyout firms’ use of partnership tax loophole

The profits that executives share on deals with investors have historically been classed as capital gains and taxed at a lower rate than income, which meant buyout managers could sometimes pay rates of 18 per cent or less.

Italy Amends Country 'Black Lists'

The "non-deductibility of costs" list now therefore includes only 46 tax jurisdictions. 21 have been cancelled as already having TIEAs in effect, namely: Alderney, Guernsey, Jersey, the Isle of Man, Gibraltar, the British Virgin Islands, Anguill

British Expats Facing Confusion Over Onshore and Offshore Bank Accounts

British people and expats with accounts with international banks in the Channel Island of Jersey are facing confusion over a global clampdown on tax avoidance and money laundering

Tax Evasion is Criminal

New criminal offences in crack down on tax evasion

Greek government bets big on tax evasion crackdown in latest proposal

The FT has obtained a copy of Greece's latest proposal for bailout funds

Guernsey Is Not a Tax Haven: KPMG

KPMG Head of Tax Tony Mancini discusses the Channel Islands and the accusations that the island chain isn't tax transparent

Tax prosecutions – when the statistics just don’t add up…

Last week HMRC and DWP published a joint report entitled ‘Tackling Fraud, Error and Debt in the Benefits and Tax Credits System’. But its publication has presented us with a wider question, namely why are HMRC so coy about their tax prosecutio

Vatican to Share Tax-Relevant Data With Italy

Agreement part of a campaign to clean up the enclave state’s finances

Isle of Man Tax Bulletin - Deloitte

Welcome to the April 2015 edition of the Isle of Man Tax Bulletin, which provides an update on recent local and international tax issues relevant to Isle of Man businesses and individuals.

Deepbridge Capital: Wanting to mitigate tax is human nature

A key economic and political philosophy behind this is that nobody ‘likes’ paying tax

Luxembourg must diversify to build resilient financial sector, says OECD

Luxembourg has been warned that it has to diversify its economy and reduce the reliance of its financial sector on providing financial functions for multinational companies if it is to survive any campaign on international tax avoidance.

Russia Legislates For Offshore Amnesty

Russia's Parliament, the Duma, has approved a draft law to allow taxpayers to regularize previously undeclared assets held offshore