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

AEOI: tax reporting doesn’t have to be taxing – by Colin Camp, Dion Global

With so much attention on FATCA in recent times, the financial services industry could be forgiven for seeing it as the most obtrusive regulation ever imposed.

HMRC to close tax relief scheme

High-net-worth investors using property tax relief schemes without proper advice may get hit with requests for accelerated payment, Marios Gregori, tax partner at BDO, has warned.

Three UK Banks To Award £2.5bn-Plus Bonus Pot

Barclays, Lloyds and RBS are poised to announce aggregate bonus awards of approximately £2.8bn, Sky News learns.

Treat tax dodgers more harshly than benefit cheats, says Guardian/ICM poll

New poll in the wake of HSBC revelations finds 52% of voters want less mercy shown to rich avoiding their dues

Cypriots with deposits abroad have paid €7.5m tax

Tax Commissioner Yiannakis Lazarou told MPs that between 2006 and 2012, authorities found 3,353 Cypriots with deposits abroad, taxing them €7.5 million in total.

French dispute claims they effectively blocked prosecutions linked to the HSBC allegations

French authorities have disputed the Coalition Government's claims they effectively blocked prosecutions linked to the HSBC tax avoidance allegations

The major Irish firms in tax haven territory

Some of the biggest listed Irish firms have subsidiaries in so-called 'tax havens', like the British Virgin Islands, Jersey or Luxembourg. They say it's not to reduce their tax bills - so why are they there?

Labour donor transferred shares to Liechtenstein and Jersey and later sold some for reported £37 million

When Sir David retired as chairman of Minerva in 2005, it was reported that his family trust sold 13.4 million shares in the company

Pre-election tax relief jitters may drive IFA sales

Originally introduced in 2008, the relief was initially capped at capital gains of £2m, but was subsequently raised to £10m.

Tax evasion is not a victimless crime by George Bull

With the top 10% of income tax payers paying more than 55% of the UK’s income tax, we ask why politicians continue to portray these people as not paying their ‘fair share’.

HM Revenue to chase £20m in Jersey-based HSBC accounts

A former member of staff told The Independent that there were “skeletons in the closet” dating from before the financial crisis.

UK Tax Authority To Expand Scope of Investigation Into HSBC Accounts

UK tax authority will expand the scope of its investigation into Swiss tax accounts held with HSBC, the BBC has learned.

Isle of Man hits back after Ed Miliband tax warning

Ed Miliband failed to do his research about the Isle of Man before issuing a tax avoidance warning

The real ‘housewives’ of HSBC

It was just a day in the life of a housewife.

The Gallic connection – helping you secure charitable exemption on French estates and recent legislation - Withers

Traditionally, EU Member States have restricted charitable tax reliefs to domestic charities meaning that a legacy to a foreign charity may attract a tax liability

Italy and Switzerland sign landmark exchange of information agreement

After three years of intense negotiations, on the 15th January 2015 representatives of the Italian and Swiss Governments signed an agreement which spells the end of banking secrecy.

British offshore centres turn on Labour over tax attack

British offshore financial centres on Sunday criticised the leader of the opposition Labour Party after he threatened to put them on an international blacklist for tax avoidance if he wins a national election in May.

Margaret Hodge accuses ex-chairman Lord Stephen Green over HSBC files

Former trade minister and HSBC boss was either asleep at the wheel or involved in dodgy tax practices, says head of public accounts committee

HMRC to end £100 fines for late self-assessment tax returns under radical new Government plans

The controversial £100 fine for late income-tax returns could be axed after the taxman admitted it was punishing honest taxpayers who miss the deadline by a day.

Ex-pat wealth manager seeks UK advisers to double number

Ex-pat wealth management firm Blevin Franks has revealed it is seeking to double its adviser numbers and asset base this year