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

KPMG retains £12m Old Mutual audit contract

The firm will be reappointed to continue its work after 2016, following the bank’s tender

French bank latest to fall to IRD tax avoidance net

The notes allowed debt and equity to be structured across borders in the most tax-efficient way, but only if tax authorities did not deem them to be avoidance.

North West solicitor and Grant Thornton accountant team up for new M&A enterprise

Research from the Law Society indicates that one in three law firms expect to merge with another within the next three years to refocus their businesses in order to adapt to challenging market conditions and ensure long term stability.

Germany Brings FATCA Law Into Force

The FATCA agreement between Germany and the United States entered into force in December 2013.

US hedge fund latest to line up tax inversion move

A US HEDGE FUND has become the latest in a string of companies seeking to acquire a UK rival in order to set up a foreign tax centre.

Moore Stephens named Accountancy Firm of the Year

The awards are made solely on merit. Winners are nominated by their clients and their peers.

HMRC close the net on offshore payment intermediaries

The attraction to the contractor in using an offshore payment intermediary is easy to understand

Britain Fails to Find Riches It Expected in Swiss Accounts

The amounts at stake are enormous.

British banker behind £3million Lionel Messi tax claims killed himself

Prosecutors claim Messi, 27, and Jorge used shell firms in the UK, Switzerland, Uruguay and Belize to funnel off £3.3million between 2007 and 2009.

IHT receipts leap 10% as experts warn of worrying trends

Independent experts warned that there is not enough attention given to IHT planning by potential clients of IFAs and some of the future political scenarios advisers may have to face.

The only way is up for inheritance tax receipts - Richard Watkins, Close Brothers AM

Richard Watkins, Certified Financial Planner at Close Brothers Asset Management, comments on the latest inheritance tax receipts:

Spain's 'Google Tax' Law A Reaction To Silicon Valley's International Tax Evasion

Sites that post a hyperlink must pay a fee for “listing a link and a meaningful description” of the article to which they’re referring.

The tax challenges of the digital economy – one year on by Rebecca Reading, Baker Tilly

The OECD’s Action Plan on Base Erosion and Profit Shifting, which launched one year ago amid public disquiet over the behaviour of multinationals, is expected to report in September on the thorny issue of taxing companies in the digital economy. But

Threat to tax break for expats under consultation

Plans to disallow UK non-residents from benefiting from the personal allowance could mean those who work abroad for their companies are “significantly worse off

Swiss banking giant pays millions to Germany in settlement over tax evasion

The Swiss lender also stands accused of aiding account holders from France and Belgium in hiding their money from domestic tax authorities.

France nets 1.3 billion euros from tax evaders' secret foreign bank accounts

There is a steady stream of secret account-holders owning up, he said, with the 336 billion euros coming in since mid-June.

France defends billion-euro guarantee demand in UBS probe

A 1.1 billion euro guarantee payment demanded by French judges of Swiss bank UBS reflects the size of the fine it could pay if found guilty of helping wealthy French customers avoid tax

EU workers in the UK ‘need to be wary of overpaying tax’

People from the European Union who live and work in the UK need to ensure they are not caught out by changes to their tax obligations in their home country, an accountant from Baker Tilly has warned.

New U.K.-Canada tax treaty lets authorities do audits in other country

Owing largely to the movement in recent years toward common financial reporting standards, Canadian and U.K. tax authorities have agreed to greater “exchange of information” that many companies may find disconcerting.

Baker Tilly sells last of RSM Tenon

Recently, Baker Tilly sold its private client financial advice, as well as its investment management business, to financial planning firm Towry.