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

New Double Tax Agreement Between Cyprus And Guernsey

This is the first comprehensive double tax agreement between the two jurisdictions and will come into force once it has been ratified in accordance with their domestic legal procedures.

OECD plan to put focus on Irish tax rules

Ireland’s business tax regime is set to come under renewed scrutiny today as the OECD sets out the first phase of a plan to stamp out aggressive avoidance by big multinational groups.

Colombia : Plans to increase a wealth tax on companies and individuals risk

Canacol Says Colombia Wealth Tax Reduces Appeal to Investors. Plans to increase a wealth tax on companies and individuals risk undermining Colombia’s ability to attract new investment amid competition from other countries including Mexico

OECD: Global firms need new tax rules

At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015

Fears over tax loophole as Scottish independence could see thousands of wealthy people start claiming 'non-domicile' status

Scottish independence could see thousands of wealthy people start to claim ‘non-domicile’ tax status, experts predict.

Online tax risks according to Baker Tilly

Using online sites such as eBay or Airbnb can be a great way of earning some extra money, but if these are being used for carrying on a trade, it is the responsibility of private traders to disclose their earnings to HMRC and pay the correct amount of ta

T'ain't What You Do (It's the Way That You Do It) by Andrew Hubbard

A recent report into the experience of SMEs subject to HMRC compliance checks shows that tone is just as important as content.

Key deadline for trustees looming – thankfully HMRC makes things clearer by Gary Heynes, Baker Tilly

Trustees of UK family trusts will be aware that the deadline for registration for those caught by the US Foreign Account Tax Compliance Act (FATCA) rules is looming.

Government of Canada Strengthens Collaboration With the United Kingdom

Minister of National Revenue concludes two days of meetings in London

Joint statement by Minister of National Revenue Findlay and U.K. Financial Secretary to the Treasury Gauke

The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, and David Gauke, Financial Secretary to the Treasury for the United Kingdom and responsible for Her Majesty's Revenue and Customs, met today.

Baker Tilly warns online traders

Accountancy firm Baker Tilly has warned online traders to ensure they declare earnings after a man was convicted earlier this week

No Isas for Americans: Post Office 'overreacts' over hated US tax law

The Post Office has said it will no longer stop US citizens from applying for a cash Isa

Expats could cut UK financial ties

Under current rules, expats are able to offset income earned in Britain against tax.

Isle of Man signs tax agreement with Swaziland

The Isle of Man has now signed 42 agreements which meet OECD standards

Most Dutch banks are 'vague' about tax avoidance

Seven Dutch financial institutions may be involved in evading taxes and are ‘extremely vague’ about what they do to ensure this does not happen, the Dutch Fair Bank Guide said on Wednesday.

EU Tax-Asset Moves Boost Banks While Sustaining Doom Loop

Greece is considering a similar move. All but Italy received bailouts during the debt crisis that included aid for banks.

Swiss completes tax-dodge payments to Britain, Austria

Switzerland said on Monday (Sep 1) that it had completed a programme to pay Britain and Austria hundreds of millions of euros in settlements for past tax-dodging by their citizens.

Wealthy Finns reveal hidden assets as Swiss bank secrecy comes to an end

Finnish tax authorities were taken aback last spring when dozens of Finns with assets stored in Swiss bank accounts requested corrections to their tax data to reflect undeclared income.

Seychelles commit to sharing tax information

The country becomes the 46th jurisdiction to join the initiative launched by the G5.

Cyprus: Double Tax Agreement Between Cyprus And Lithuania Now In Force

The double tax agreement between Cyprus and Lithuania, which was signed in June 2013, is now in force and will take effect from 1 January 2015.