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

Your Pension Funds and Succession Tax In The Canary Islands

There is a lot of discussion at the moment about the UK pension reforms and the options now available for your pension funds.

UK Tax Office Chief: Cleared to Share Leaked HSBC Swiss Data with Authorities

Lin Homer, the chief executive of HM Revenue & Customs, said it had reached a deal in the past few days with French authorities to pass on the data "to pursue wider offenses"

No HSBC account holders took tax amnesty offers

The document will not name any of the individuals for legal reasons and because it remains unclear whether all or some of those involved broke the law.

Analysis: PAC reignites tax 'code of conduct' debate

A number of tax professionals have argued that a new code of conduct is unnecessary, but some experts have expressed support for a kitemark, or charter, for advisers.

UK Pension Tax Changes Significant For Expats

Major changes to the tax treatment of private pension lump sums will come into effect in April 2015 and may be especially relevant for those who want to use the cash to relocate abroad.

Banks and accountants in the firing line by George Bull, Baker Tilly

Faced with the furore over the alleged involvement by HSBC in alleged tax evasion, politicians have been falling over themselves to propose a clampdown.

HSBC CEO Stuart Gulliver to appear before government committee today on tax allegations

HSBC CEO Stuart Gilliver will give evidence today alongside HSBC Chairman Douglas Flint with regard to allegations by Briitsh authorities that he has been party to tax avoidance

Swiss Banks Try to Keep Italian Clients After Tax Deal Is Signed

Swiss asset managers, faced with the prospect of an exodus of Italian funds, have won a reprieve.

Switzerland to sign tax deal with Germany in medium term: finance minister

Switzerland expects in the future to sign a deal with Germany to automatically exchange tax information

Commerzbank raided over possible tax evasion

Tax investigators and police have raided commercial offices in Germany as they looked into allegations of large-scale tax evasion with regard to profits made in Luxembourg. Commerzbank was at the center of the searches.

HSBC chief Gulliver pulled into bank’s tax scandal

The HSBC chief has UK non-domiciled tax status, allowing him to keep offshore income and capital gains out of the British tax net, because he is domiciled for tax purposes in Hong Kong, even though his job is based in London

Ninu Zammit confirms Swiss account, used recent amnesty to regularise tax position - denies links to oil scandal

Former minister suspended by the PN

HMRC likely to review QROPS tax stance, say experts

HM Revenue & Customs is likely to address doubts surrounding the IHT-exemption of fully-flexible QROPS with a “wide review” into how overseas pensions are taxed

Britain to mull new laws on tax evasion

Britain's government will consider introducing a law which would punish banks and accountants for helping people evade tax in the wake of the HSBC SwissLeaks claims

George Osborne says HSBC tax evasion prosecutions not his job

The chancellor says the allegations are very serious but that such decisions are a matter for the prosecuting authorities

Algeria, Great Britain Sign Non-Double Taxation Agreement

This agreement, between the Algerian and British governments, is meant to encourage trading and investments between the two countries.

Singapore, France sign pact for Avoidance of Double Taxation

Singapore and France signed an amended Agreement for the Avoidance of Double Taxation to lower withholding tax rates for dividends and new anti-abuse provisions.

Are you now or have you ever been…? Andrew Hubbard, Baker Tilly

The hysteria provoked by the recent HSBC data theft brings to mind some of the excesses of the McCarthy era. Yes, there is a real debate to be had, but in such a febrile atmosphere, individuals, businesses and UK plc could all be caught in the crossfire.

Bank’s film schemes set up to avoid tax

HSBC’s London office earned millions of pounds in fees by creating some of Britain’s largest tax avoidance schemes

Foreign government requests for tax information up 45% in a year, says HMRC

Figures obtained by Pinsent Masons showed a 45% increase in the number of requests for information made by overseas governments as part of their own tax evasion investigations in 2013.