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

Russian lawmakers approve bill allowing compliance with US tax law

The bill now passes from the upper house of parliament to President Vladimir Putin

German customs authorities seizing containers with files on account holders from the Cayman islands - Dawn Register, tax director, tax investigations team, BDO

HMRC will open enquiries and investigate the tax affairs of anyone they suspect of having undeclared assets.

Axa offshore bond change offers entire tax free entitlement

All advice relating solely to the investments of the company’s Isle of Man based Evolution and Estate Planning Bonds, and its Axa Life Europe’s Selection bonds will now be considered as advice to the life company and not the policyholder.

Free from Millions of Inheritance Tax: The Story of Margaret Thatcher's Inheritance

Planning for one’s future should include planning for the estate and the heirs

Russian authorities eye information on offshore accounts

As a result, experts say, the new document will be part of an ambitious program to "de-offshorize" the Russian economy

Tax inversions: why Britain's companies are being pursued by US rivals

UK firms are targets for American giants hoping to escape punitive rates, writes Ben Marlow

Containers 'filled with Swiss bank data seized in Germany

The papers included bank details of suspected German tax-evaders and were now being investigated by German prosecutors and tax authorities.

UK Deploying Swiss Disclosure Facility Data

The information was secured under a landmark deal on undeclared Swiss bank accounts held by UK residents, which entered into force in January 2013.

Belgium charges UBS executive for tax fraud, laundering

The investigating magistrate released Bruehwiler -- who denies all charges

US announces changes to the Offshore Voluntary Disclosures Programs

On 18 June the US Internal Revenue Service (IRS) announced major changes to its offshore voluntary compliance programs, resulting in new guidance for both taxpayers overseas and those residing in the US.

Hollande Praises Andorran Tax And Economic Reforms

French President and Co-Prince of Andorra François Hollande praised the Andorran Government's decision to open up the nation's economy and reform the tax system in the wake of the financial crisis during a recent visit to the Principality

India Reviewing Cyprus Tax Treaty to Reduce Withholding Tax Issues

After classifying Cyprus as a “notified jurisdiction” last November and suspending double taxation avoidance agreement benefits, India may soon revise its DTAA with Cyprus and restore a 10 percent withholding tax rate in light of recent progre

How to make your EU nation an offshore banking middle man

With everyone from Apple to Starbucks using aggressive tax planning to keep their earnings away from public coffers, it’s not surprising that countries are developing a business model for offshore banking.

‘More families will be hit by IHT’ - St James’s Place Wealth Management

Advisers need to tell clients to plan early and make use of the many opportunities to help Britons mitigate inheritance tax liability, Tony Mudd has said.

The banks in Romania present the US IRS information about the Americans’ accounts

The Romanian authorities accepted the inclusion on the list of countries with agreement of 2 April 2014, according to the American Treasury.

CIF - A good vehicle into the European investment arena

Taxand Cyprus explores why Cyprus investment firms are a good vehicle into the European investment arena.

Botswana, Ireland sign double taxation agreement

He said it was also important because it was compliant with international standards

Last nail in the coffin for trusts? by Gary Heynes

Last Friday’s consultation on changes to the way IHT trust charges are calculated is the latest in a series of assaults which are leading to the demise of trusts, but could we end up with a tax system that encourages wealth to be passed on to very y

French 'suspect Geneva bank in giant tax fraud'

Falciani, a former IT worker at the bank in Geneva, released data to the French government in 2009 on 130,000 wealthy clients at HSBC alleged to have evaded taxes.

QROPS Can Solve UK Tax Problem For Pensioners

But the easiest way to get around the problem for anyone with one or more personal pensions is just to switch the UK pensions into a Qualifying Recognised Overseas Pension Schemes