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

Banks In Germany Could Face Anti-Tax Evasion Sanctions

BaFin is currently only authorized to launch criminal proceedings against bank employees for their role in aiding and abetting tax evasion.

Berlin and Paris ‘ruled Irish taxpayer should bail banks’

Germany and France thought they could tame the markets

Companies turn away from tax avoidance plans

The Taxman suspects Britain’s biggest companies of underpaying taxes to the tune of £18.8bn in the last year

What's to be expected in the new SORP by Nick Sladden Head of Charities and Social Enterprises, Baker Tilly

Charities will be able to choose which SORP they apply depending on which accounting standard they use. This will facilitate implementation of the new FRSSE framework which is expected shortly.

Convention between Denmark and Ghana on Double Taxation

The Government of the Kingdom of Denmark and the Government of the Republic of Ghana have signed the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital Gains

Non-UK residents, residential property and capital gains tax - Farrer & Co

Historically, non-residents have not been subject to capital gains tax (CGT) unless carrying on a business in the UK through a branch or agency.

Germany probes possible banks, funds tax evasion

A legal loophole made this possible until 2012.

Tax evaders face court action in crime blitz

This is a purely civil procedure, and can be carried out without the tax evader being publicly named.

SCOTS who hide their money offshore face court action in crime blitz

These documents were the first stage in opening cross-jurisdictional tax-evasion investigations.

The desperate tactics being used to avoid inheritance tax

With the inheritance tax threshold frozen, families are resorting to more desperate measures to avoid death duty

SEIS Tax Traps For Unwary Investors

The Seed Enterprise Investment Scheme offers some generous tax breaks, but for unwary investors the program also has some tax pitfalls.

Portugal fights tax evasion with weekly car giveaways

The government says the number of such invoices jumped 45 percent in January - the first month the bills qualified for the lottery - from a year earlier to 46 million.

German Authorities Probe Possible Tax Evasion by Banks, Funds

A legal loophole made this possible until 2012. Authorities are now investigating institutions that may have abused the loophole to avoid taxes.

Luxembourg US Intergovermental FATCA Agreement Signed

The Luxembourg tax authorities this morning announced that the intergovernmental FATCA agreement (model 1) between Luxembourg and the United States was signed on 28 March 2014.

Real estate tax update - Withers

The ATED is an annual tax charge of up to £143,750 on residential property situated in the UK worth £2m or more which is held by certain non-natural persons.

International efforts to combat tax avoidance got a boost today as OECD broadens dialogue with global partners

Over 330 senior tax officials from more than 110 jurisdictions and international organisations met in Paris on 26-28 March 2014 during the 3rd Annual Meeting of the Global Forum on Transfer Pricing.

Crackdown on tax avoidance and personal tax

"The rich are making the biggest contribution to the reduction of the deficit – because we are all in this together.”

India, Switzerland spar over access to bank accounts information

The Indian Tax authorities and the Swiss government could be headed for a showdown over what the Indian side regards as lack of co-operation from the Alpine country over access to information on bank accounts.

MPs tell Barclays' tax haven to get out of Africa

Thirteen MPs have tabled an early day motion condemning the "negative impact" of Barclays' offshore tax avoidance in Africa.

Luxembourg Supports New Savings Tax Directive

The EU 28 formally adopted the revised Savings Tax Directive on March 24, 2014