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

Non-dom Luxury Home Buyers Hit By Surprise 45% Tax

Chancellor George Osborne changed the rules earlier this year. - See more at: http://www.iexpats.com/luxury-home-buyers-hit-surprise-45-tax/#sthash.XRfNvX5p.dpuf

'Block HMRC from raiding bank accounts after errors'

Following Telegraph disclosures, experts demand taxman is relieved of power to take money directly from savers' accounts

Charities SORPs by Nick Sladden National Head of Charities, Baker Tilly

How the new accounting rules affect aspects of your charity.

Is social investment on your agenda? by Nick Sladden National Head of Charities, Baker Tilly

Social investments have been growing more popular in the sector, with some organisations pioneering the creation of different social investments over the last few years.

HMRC – your Facebook friend? by Andrew Hubbard, Baker Tilly

Facebook – a great way to share all the latest news and photos with your friends and family. But changes to the way that HMRC communicates with the public could see you getting a ‘poke’ from the taxman sometime soon…

Millions face tax rises or 'derisory' state pension, report claims

A think tank says money to pay pensioners will run out next year after discovering a "flaw" in the national accounts

French PM says millionaires' tax won't be renewed

Also today: why World Bank staff are happy a senior executive is giving up his bonus.

EU opens tax evasion probe on Amazon

Commission expands ongoing investigation

Norway to Spend More Oil Wealth, Cut Taxes

The budget was the first for a government made up of the Conservatives under Prime Minister Erna Solberg and their allies in the Progress Party under Ms. Jensen, who won elections last fall.

Russia to exclude Malta from blacklist of offshore jurisdictions

The Russian Finance Ministry has drafted a decree that will exclude Malta from the blacklist of offshore jurisdictions, according to the Russian news agency Tass.

Indian, Swiss tax authorities expected to meet over controversial 'HSBC list'

New Delhi wants to exert pressure on the Alp nation following a pact between the world's key economies, G20, for sharing information on bank accounts and tax offenders.

Cheshire-based wealth management firm plans AIM portfolio to reduce IHT costs

This means once they have been held by an investor for a minimum of two years, they are exempt from inheritance tax.

HMRC team targeting wealthy expat City workers boosts additional tax take by 27%

HMRC expected to step up investigations into highly paid City workers

Tough talk on tax means nothing if every country does different things

Obama and Osborne have been quick to promise an end to avoidance. But this is best achieved through collective action

HMRC probe into foreign fund managers yields record sum

In the law firm's view, this means the Revenue is investing heavily in investigations

Osborne’s pension changes - not quite the tax-free bonanza we’d hoped…

Following George Osborne's announcement that he will scrap the 55% tax rate on inherited pension funds, HM Treasury has now confirmed that this will be effective from April 2015.

Stop bashing the super rich: You'll make us all poorer

One hundred and four billionaires live in the UK, and London is now the global capital for the super rich. They spend an estimated £16bn here every year, which means that they contribute a whopping £3bn in VAT alone.

Publishing banks' taxes and turnover will help the economy, says PwC

It will fight tax evasion and not harm investment or result in excessive compliance costs for banks, the report will say once published

Europe set to give details on Apple and Starbucks' alleged tax evasion

Europe's antitrust regulator is about to provide fuller details on why it suspects that Ireland and some other low-tax countries have made special deals with multinationals like Apple that have helped the companies avoid billions in taxes and created

Dealing with foreign revenue authorities

Those administering offshore structures are increasingly exposed to the consequences of moves to increase the level of cross-border tax assistance.