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

Luxembourg passes bilateral tax pact with Taiwan

Luxembourg’s parliament approved an agreement July 9 with Taiwan to avoid double taxation and prevent fiscal evasion.

New decision on wording of Cyprus-India double tax agreement

Cyprus company Glendive Enterprises Limited entered into an agreement with Arabian Resources FZC to provide a ship to transport bauxite ore

Inheritance tax and illiquid assets by Karen Clark, Baker Tilly

There has been much press commentary in recent weeks about the iniquitous effect inheritance tax (IHT) has on property, particularly in London and the South East where the value of an “average” property can easily exceed the nil rate band (or

Baker Tilly move signals strong push for growth in city economy

They are only a few hundred yards from the firm's old base in Wollaton Street.

Seneca Partners launches IHT scheme

Seneca has advanced £10m to businesses already and expects to have a loan book of £20m by the year’s end

India-UK commit to jointly deal with tax evasion menace

UK and India remain committed to the Base Erosion and Profit Shifting project

Offshore tax dealings: celebrities and sportsmen in leaked Jersey files

In another major blow to international personal tax evasion, the names of over 20,000 wealthy offshore clients of a private bank in the Jersey island tax haven, have been leaked to the International Consortium of Investigative Journalists.

HMRC could access bank statements to collect unpaid tax

HMRC predicts the new measures would only affect about 17,000 individuals each year

Information on expats opening offshore accounts to be shared with HMRC

The UK signed its agreement with the US in 2012

A tax that defies the EU’s guiding principles

The BBA has today responded to the European Commission’s consultation on tax problems faced by EU citizens when active across borders within the EU.

Number of HMRC Raids Jumps by 12% as HMRC Steps Up Pursuit of Tax Evaders

500 property raids launched in the last year – managing to hit a new record high

AJ Bell calls pension tax freedom u-turn

Providers suggests measures to avoid tax avoidance at retirement due to new rules are not robust enough.

HMRC up front tax to trigger 'wave of insolvencies'

The potential impact of these new HMRC powers is so huge that an independent appeal process should be introduced

EU widens tax investigation into multinationals

The Commission continues to gather information on the tax practices of member states ... and this might lead to new formal investigationS

Russian authorities to offer tax amnesty for offshore companies

The Finance Ministry is pushing ahead with its program to entice Russian-owned offshore firms to repatriate capital.

Vatican financial watchdog signs accord with U.S. Treasury Department

This is the latest example of the authority’s efforts to build international cooperation and prevent a repeat of the corruption scandals

Spain Agrees With Dominican Republic to Stop Double Taxation

Spain taxes the worldwide income of residents and the Spanish income of non-resident

Tax exchange agreements are ‘redundant’, says IoM’s Allan Bell

They’ve served their purpose by stimulating FATCA, and that period of work was absolutely essential to lay the groundwork for the new global structure of tax information.”

Potential tax liabilities affects Catalyst Sipp investors

Standard Life will be contacting its Sipp customers with further details when the position becomes clear, the FSCS says.

Liechtenstein moves to shed tax-haven image

A global crackdown on offshore tax havens following the financial crisis and a 2008 wrangle with Germany over stolen bank data have forced the principality to come clean over its tax policies