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

Tax Probe at U.S. Embassy in Norway

Some of the evasion took place over several years on sums totaling up to two million kroner, the administration said.

Ireland Should Help Tackle Scourge of Tax Dodging

The Coalition has no plans to introduce a public register of true owners of companies.

Bermuda signs UK FATCA Intergovernmental Model 2 Agreement

HM Treasury will receive the information on those residents in bulk form and will be able to issue group requests for information in relation to recalcitrant clients of Bermuda financial institutions.

Europe’s Financial Transaction Tax Faces Challenges, PwC Says

Europe’s planned tax on financial transactions may fail to reduce market risks and could increase household costs

Switzerland seeks EU deal on tax evasion

Switzerland wants "to settle the past" with the EU and begin settling disputes over Swiss bank accounts hidden from European tax authorities

Tax Task Force Targets Hidden Offshore Cash

A new tax task force is sifting through the financial affairs of wealthy individuals

Special Report- How Germany's Taxman Used Stolen Data to Squeeze Switzerland

In the digital age, pen and paper are useful tools for intrigue.

HMRC targets salary sacrifice schemes in further tax avoidance clampdown

Troup also said that HMRC would tackle avoidance through an increase in the use of ‘nudge’ campaigns designed to encourage better behaviour by the taxpayer.

FATCA and charities by Withers

Overall, this is good news for UK charities and for dual qualified charitable structures

Germany's Schäuble Rejects European Wealth Tax

German Finance Minister Wolfgang Schäuble has vehemently rejected the idea of introducing a wealth tax in Europe, to balance out existing inequalities between the rich and the poor.

EY and KPMG to Merge Denmark Operations

The proposed agreement between the fellow Big Four members is still subject to regulatory approval.

Russian Investigative Committee proposes liability for offshore tax-evasion schemes

The problem of offshore zones was raised by Russian President Vladimir Putin in June, when he announced on the heels of the G8 summit that Russia would tackle the problem by drawing up a national plan to deal with such tax havens

Germany's taxman backs down in UK's worst case of identity theft

A British man who faced a crippling tax bill in Germany as a result of identity fraud has finally won his case with the authorities.

Global Forum moves towards automatic exchange of tax information and transparency

The international community has taken new steps to strengthen transparency and boost the comprehensive exchange of information between governments worldwide.

Tax Amnesty a Success in Netherlands

Taxpayers in the Netherlands have come forward in droves to square off their tax affairs via a tax amnesty before the government significantly hikes the fees and penalties for tax evasion and other illicit activities.

U.S. and France Agree to Cooperate More Intensively Against Tax Evasion

The agreement was signed in Paris by Finance Minister Pierre Moscovici and the United States ambassador, Charles H. Rivkin. It adds an important partner to the Foreign Account Tax Compliance Act

Hungary Deepens Commitment to Fight Offshore Tax Avoidance and Evasion

Hungary has made steps to strengthen international tax co-operation by becoming the 61st signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters

Top 25 accountancy firm has merged with C W Fellowes

“Geographically, the merger is also a good fit and strengthens the Wilkins Kennedy presence across the South of England.”

EU Seeks To Increase Influence on Global Accounting Rules

The European Union is seeking to increase its influence over global accounting standards by beefing up the agency that scrutinizes new rules and in certain cases tweaking how they are applied in the bloc.

Cyprus to hold talks for removal of tax ‘non cooperation’ tag

The government of Cyprus has said it will hold talks with India's income tax department this month to help remove the tag of a tax-non-cooperating jurisdiction that India had given the tag to the Mediterranean island nation last week.