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

Hong Kong signs tax information exchange agreement with Nordic nations

Norden said for constitutional reasons, the agreements have been signed on a bilateral basis

Making the domicile decision: key factors to consider when selecting an MSR - KPMG

In this edition of AIFMD Insider News, we examine the key factors managers will need to consider when selecting a Member State of Reference (MSR) in Europe.

Pension funds hot on tax dodgers’ heels

Corporate tax avoidance continues to grab headlines and has not escaped the attention of Europe’s institutional investors who are now paying much closer attention to multinationals’ accounting practices.

Germany-Israel Update Double Tax Arrangements

The convention, which was last amended in 1977, has been adapted to make it correspond to modern international tax law and current economic relations between Israel and Germany.

Tax fraud drains potential from Romanian economy

If all activity were taxed fully, national tax revenues would almost double.

BM&FBovespa to pay down debt under tax amnesty plan

The company said it remains in talks with the Revenue Service over a fine related to its booking of goodwill amortization at the time of the merger.

Liechtenstein Disclosure Facility (LDF) - HMRC Restricts Favourable Terms

The LDF was originally intended to encourage UK taxpayers with undisclosed assets in offshore accounts

UK To Clamp Down On Non- Disclosure Jurisdictions

Investors who move money to non-disclosure jurisdictions will be kept in check by new rules from the UK tax authorities, which plan to make it a criminal offence to evade offshore tax.

HMRC removes some advantages of voluntary disclosure - Withers

The original purpose of the LDF when it was launched back in 2009 was to allow individuals with assets in Liechtenstein and undisclosed tax liabilities to settle those liabilities with HMRC on exceptionally advantageous terms.

Expat campaign over banking rules

UK expats are being encouraged to write to the Competition and Markets Authority over their treatment by onshore banks, which are refusing to allow them to open accounts – or switch existing accounts to those offering better rates.

Dendias talks tax, funds in Germany

The talks with the German officials came two weeks before Greek ministers are due to meet troika representatives in Paris, where the issue of taxes is certain to be raised.

Osborne goes after offshore evaders

Some £1.5bn has been recovered from offshore tax evaders over the past two years.

Serbia To Protect Taxpayers' Rights Under FATCA

Serbia's Information Commissioner has warned that banks must have the full consent of customers before information is passed to US tax authorities under the terms of FATCA, and that it would be illegal for customers to be declined services if they re

The great pensions divide... How expats receive up to FOUR TIMES less, despite paying in the same

More than a million pensioners have retired abroad but more than half have seen their incomes shrink

A step too far for UK tax authorities

ver the past four years David Cameron’s government has subjected Britain’s public sector to a fierce programme of deficit reduction to restore order to UK public finances.

Expat benefits cheats cost Britain £82million

Thousands of Britons abroad have been fiddling the benefits system, and some have been traced and investigated as far afield as Christmas Island and Bhutan

Expats urged to review sources of UK income amid tax raid plans

Property owners and pensioners who face losing their personal tax allowances can take steps now to protect themselves, say experts

HMRC says offshore trusts cannot use settlement facility

HMRC announced on Thursday that users of offshore tax avoidance schemes were not eligible for the special rates aimed to encourage taxpayers to come clean over secret foreign bank accounts.

Tax Agreement with Luxembourg comes into force

The Embassy of the Grand Duchy of Luxembourg in London, has now confirmed that Luxembourg has completed its own ratification procedures.

Expat tax changes to trigger rise in Qrops demand

Nigel Green, deVere Group founder and chief executive, warned that should the government introduce these plans a growing number of British expats are likely to “sever financial ties with the UK”.