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

Our sweet deal for Apple leaves bitter taste for taxpayers

Some good news. Europe, which told Ireland to make payments to bondholders despite no legal obligation to do so, may be on the brink of giving us a financial break.

Revenue & Customs 'winding down' inquiries into HSBC Swiss tax evaders

After reopening investigation into HSBC clients hiding money in Switzerland, HMRC admits it has still only prosecuted one tax cheat

US tax rules catch out UK investors, warns wealth manager

A range of commonly held tax-incentivised savings wrappers are not recognised by the US, which has led to many clients coming to Vestra US with tax inefficient portfolios.

Tax avoidance and the law of unintended consequences by George Bull

From the perspective of tax authorities worldwide, tax avoidance is a massive example of the operation of the law of unintended consequences. At a time when tax authorities around the world are rushing to crack down on tax avoidance, it’s therefore

The taxman cometh

The new offence is part of a package of measures designed to clamp down on those who evade, or help others to evade

France's Sapin says overseas cash declarations to help fund tax cuts

A recently introduced service allowing people to settle unpaid tax on overseas assets has attracted more filings and bigger sums than expected

Greece Plans Property Tax Reforms

As part of the third bailout deal recently agreed with Greece's creditors, the tax must be restored.

The government must understand the impact of the bank surcharge before it goes any further

The tax policy of the UK government for the banking sector has changed dramatically over the last three administrations

Hedge fund manager faces large tax bill after appeal fails

HM Revenue & Customs argued Degorce and eleven other investors using the scheme involved had the primary aim of generating artificial income tax losses.

QROPS – Back to Basics

But what happens if you decide to relocate during your retirement, or even move back home?

UK seems to relax pressure on Caymans over company register

Grant Shapps, Foreign Office minister, says on visit that Cayman Islands could use existing systems to help tax authorities

Offshoring In The Current Tax Climate

Deloitte Jersey Tax Briefing

Map reveals amount of land in the Cotswolds registered abroad

THE amount of land in the Cotswolds registered in foreign countries has been revealed in a stunning new map.

Portuguese government sees good news in higher tax revenue

In July alone, tax revenue of just over 3 billion euros $3.4 billion was the highest for that month since 2007 and was 11.7 percent up on July last year.

Italy Ratifies Switzerland, Monaco, Liechtenstein TIEAs

It was also noted that the protocol "widens the boundary of tax information exchange to involve all types of taxation, and foresees an end to banking secrecy.

India, Germany Agree to Enhance Tax Info Sharing

The effort to seek more information from Germany forms part of the government's exercise to counter the menace of tax evasion and stashing of black money abroad,

Challenger banks get chance to fight for tax cut

Britain's small lenders are going to meet top Treasury officials next week to argue for the latest tax hike to be reversed - but a letter from George Osborne shows they have a tough fight on their hands

Jersey Tax Bulletin: FATCA Update - Deloitte

According to FATCA regulations, sponsored entities must have their own Global Intermediary Identification Number (GIIN) for FATCA reporting and withholding purposes by 31 December 2015.

Options for non-doms going forward

Figures show that non-doms paying the ‘remittance basis charge’ amounted to less than 0.2 per cent of the taxpayers in the UK.

London Based HNW Focused Firm to Join Forces with Prager Metis

Has provided its International and UK clients with tax structuring and estate planning consulting and services in all aspects of their business and personal affairs.