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

Cyprus Agrees Double Tax Pact With Iceland

Cyprus and Iceland have released the text of a new double tax agreement signed between the two nations on November 14, 2014.

HSBC's Swiss private banking arm under investigation in France

The Swiss private banking arm of HSBC Holdings Plc said on Friday it had been placed under formal investigation by French magistrates, who are looking into whether the bank helped certain clients avoid paying taxes.

Hedge Funds Face Exit Tax as Iceland Central Bank Discusses Plan

The government targets having a plan it can present by year-end that would map out how Iceland will scale back currency controls currently blocking about $6.6 billion from exiting the island.

Crackdown on celebrity tax avoidance branded a failure

MPs have attacked the taxman for being too slow to crack down on controversial avoidance schemes used by celebrities and other high earners, resulting in millions of pounds being lost to the public purse.

MPs tell HMRC to pick up the pace of tax investigations

The Public Accounts Committee has criticised HM Revenue & Customs for its "unacceptably slow" action against tax avoiders.

2006 UK/Japan Double Taxation Convention: Entry into force of Protocol and Exchange of Notes

The Protocol and Exchange of Notes between the UK and Japan which was signed in London on 17 December 2013 will enter into force on 12 December 2014.

Taxing 'mansions' is unfair, bad economics and rather un-British

Financial expert Chris Thorpe casts a critical eye over Labour’s ‘mansion tax’ plans.

Swiss Seek Better Image in Germany After Tax-Cheat Cases

Switzerland’s ambassador to Germany said his country is working to improve its image after years of revelations that Germans used Swiss banks to avoid taxes.

United Kingdom – Amendments Make Important Alterations to Tax Treaty with Canada

The protocol was signed on 21 July 2014, and will come into force once the two countries have exchanged diplomatic notes and completed their necessary internal procedures to implement the agreement.

Mansion Tax problems – is there another solution? by Gary Heynes, Baker Tilly

After Labour peer Lord Winston raised concerns about the effect of the Mansion Tax on charitable giving, could Scotland’s new Land and Buildings Transaction Tax provide a suitable substitute?

Weekly Tax Brief - Baker Tilly

In this edition of Baker Tilly’s weekly round-up of the most important tax news, we cover the latest developments…

EU’s Juncker speaks about Luxembourg tax avoidance

The new European Commission President took political responsibility yesterday for Luxembourg’s role in helping global companies to avoid taxes, and Germany urged swift action to fight tax evasion in Europe.

Dutch Deny Tax Deal With Starbucks Is Illegal

As the G20 prepares to meet in Australia with tax crackdown as the key reform, the Dutch government denies a coffee giant deal.

Developing countries to play greater role in OECD/G20 efforts to curb corporate tax avoidance

The BEPS Project aims to create a coherent set of international tax rules to end the erosion of national tax bases and the artificial shifting of profits to jurisdictions solely to avoid paying tax.

U.S. Tax Update - Practical Aspects For Investment Funds - Deloitte

We are hosting a breakfast briefing on Friday 21 November covering key US tax topics and developments of which investment managers and other corporate service providers should be aware, including the US political environment and other changes to which the

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