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

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

Tax avoidance investigations up by a quarter as HMRC rakes in extra £39m by targeting the rich

The Finance Team is part of HRMC’s High Net Worth Unit, which targets high earners in private equity, investment banks, hedge funds and other funds.

Britain's tax havens told to deliver timetable on central register

Britain's government has told two of its offshore financial tax havens to set out timetables for implementing a central register of companies revealing corporate ownership

HMRC Wins Case Over World’s Most Expensive House

Updown Court, a huge 100-room mini-palace in Surrey was once valued at £80 million, but was seized during an HM Revenue & Customs tax evasion investigation in 2001.

EU concludes negotiations with Switzerland on landmark tax transparency agreement

The European Commission has announced the conclusion of negotiations on an ambitious new tax transparency agreement with Switzerland

HMRC scores hat-trick of tax avoidance wins

HM Revenue and Customs has secured three tribunal wins against tax avoidance schemes, protecting more than £260m in tax.

State Ministers Hold Meeting with Swiss State Secretary on Tax Evasion

The meeting, which was concluded earlier on Thursday, was also attended by Justice Minister Nikos Paraskevopoulos and the President of the Parliament Zoi Konstantopoulou.

Swiss Banks Will Not Release Information on Suspected Greek Tax Cheaters

Swiss banks will not give the Greek government information on Greek depositors who are suspected of tax evasion, said a high-level official of the Financial Crime Unit.