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

King Juan Carlo's Daughter Involved In Tax evasion Claims

The court on the island of Mallorca is investigating Cristina’s tax affairs and has said it will decide within weeks whether to formally summon her as a suspect.

Tax Evasion and Avoidance Finally Came Under Scrutiny This Year

Despite a number of encouraging breakthroughs on tax dodging in 2013, much work lies ahead if tax justice is to become a reality

HMRC raises £20.7bn from tax avoidance clampdown

The accountancy group said the taxman had beaten its revenue target for avoidance work by £2 billion, with the £20.7 billion figure up 11% on the £18.6 billion it had made in 2011/12.

Putin Calls For Several Tax Changes

Russia needs to address the problem of illicit capital outflow and tax evasion, and more effort needs to be put into supporting economic growth in the Far East, according to the President Vladimir Putin.

Russian premier gives Finance Ministry until Jan 20 to draft FATCA-linked agreement with U.S.

FATCA, which comes into force on July 1, 2014, will collect information on accounts held by U.S. taxpayers in all the countries.

HMRC Takes In £121m Through Investigations Into Foreign Bankers And Hedge Fund Managers

HMRC’s tax take from investigations into highly paid foreign City workers living in the UK has jumped to record levels, according to data obtained by Pinsent Masons, the international law firm.

Generali says life products sold in Germany were tax-law compliant

Italian insurer Assicurazioni Generali denied media reports on Thursday that some of its life insurance products sold by Germany's Commerzbank had breached local tax laws.

UK urged to tighten controls on wealthy foreigners

The United Kingdom has been urged to tighten controls on foreigners with “suspiciously large fortunes” investing in the country and its lucrative real estate market.

EU Mulls More Measures to Combat Tax Evasion Next Year

Algirdas Semeta, commissioner responsible for taxation and customs union, described the taxation governance reforming of this year as "immense progress."

It May Not Be A Market Crash To Worry About, But A Wealth Tax

Governments around the world are working to shrink their massive debt loads and calling for higher taxes on the citizens’ wealth.

Barclays' response to ActionAid campaign

Barclays shares ActionAid’s belief that companies and individuals should pay the right amount of tax in the countries in which they generate revenue.

Italian Tax Evasion Rates 'Incompatible With Democracy'

Rampant tax evasion in Italy is undemocratic and undermines social programs

Tax agreement with Italy amended

We hope that with this move, the Italian authorities would remove the Philippines from its blacklist of tax havens

Crackdown on the Tax Dodgers and Cheats To Raise £9bn

A promise to act against unscrupulous business people who avoid paying taxes and deny workers basic rights like the minimum wage, has been made by the Chancellor George Osborne.

CGT on Non-Resident Property Owners - London Central Portfolio Limited

The implementation of CGT on foreign investors has been an elephant in the room for quite a while

Autumn Statement: Bid to recoup £9bn in unpaid tax

A major package of measures to cut tax avoidance, evasion and tax planning has been announced by Chancellor George Osborne.

Commerzbank Offices Searched in Tax Evasion Probe

Commerzbank said its offices were searched on Tuesday in connection with a tax evasion probe

Romain Hatchuel: The Coming Global Wealth Tax

Between ObamaCare, Iran and last quarter's uptick in U.S. economic growth, taxpayers these days may be distracted from several dangers to come

France Dragging Feet On EU Tax-Evasion Fight

France has been a vocal supporter of EU attempts to fight tax evasion

Guernsey among ‘early adopters’ of next steps to fight tax evasion

Now Guernsey is among a group of jurisdictions which has released a joint statement outlining its commitment to the “early adoption of the Common Reporting Standard being developed in the OECD.