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

Budget throws M&A spotlight on UK funds sector

A radical shake-up of the UK's pensions and savings industry could be the trigger for suitors to look afresh at deals in the asset management industry, even if they can be hard to secure.

EU nations agree to combat tax evasion

All 28 EU member states have now signed up to an agreement to combat tax evasion after Austria and Luxembourg dropped their objections to a plan first mooted in 2008, officials say.

UK and Dutch employees working in Norway may suffer Norwegian net wealth tax

To pay Norwegian tax of 1% of the global net wealth including on the family house, cars, bank savings, shares, etc. situated outside Norway may come as a surprise for many foreigners working in Norway.

Cyprus: Cyprus And Norway Sign Double Tax Avoidance Agreement

The new agreement is based on the Organisation for Economic Cooperation and Development Model Tax Convention and provides for the exchange of information in accordance with the relevant articles thereof. The agreement will take effect once it has been rat

Bulgarian government nod for draft double tax agreement with India

Bulgaria’s cabinet, at a scheduled meeting on March 19, approved a draft agreement between Bulgaria and India on the avoidance of double taxation and the prevention of income tax evasion.

Oman, Belgium sign pact to avoid double taxation

The Omani-Belgian Businessmen Forum on Wednesday major agreements here to strengthen business and trade relations between the countries.

Austria's SPÖ Seeks Tougher Tax Regularization Rules

Steßl suggested that a 5 percent surcharge should be imposed on undeclared assets above EUR50,000

‘French mini-FATCA’ fears as France goes after trusts

Tax experts who have been studying France’s new tax regime for wealthy individuals are likening its treatment of trusts to elements of America’s much-criticised FATCA regulations.

Several offshore zones suggest exchanging tax information with Russia

The deputy finance minister added Russia’s “reaction to the initiative will be positive, Russia will participate in the negotiations and will enter into agreements."

Greeks Among World’s Best Tax Dodgers

Hitherto, the consistency with which Greek citizens meet their tax obligations has perhaps not been noted by the rest of the planet as being among their strong suits.

Leeds United: Cellino found guilty of tax evasion

THE ownership of Leeds United was thrown into chaos this morning after reports that prospective owner Massimo Cellino had been found guilty of tax evasion by an Italian court.

Documents reveal Kurchenko’s alleged tax evasion schemes

The young Ukrainian ex-billionaire Serhiy Kurchenko, now widely suspected of being a front man for overthrown President Viktor Yanukovych’s family, clearly liked offshore destinations.

Jersey signs tax agreement with Belgium

Jersey and the Kingdom of Belgium signed a tax information exchange agreement at the Residence of the Ambassador for the Kingdom in London today

‘Clients should use charity tax breaks’

The divisional director for tax and technical support at St James’s Place said clients could make significant savings on their tax bills by making donations.

Georgia, Germany ink two financial agreements

Germany agreed to allocate 124.5 million euros to Georgia of which 115 million are a soft loan, and 9.5 million a grant on the basis of the agreement on financial cooperation.

FATCA update for UK trustees

Many UK advisers believe that the Foreign Account Tax Compliance Act only applies to UK trusts if there are US beneficiaries, settlors or investments.

Munich court hears Hoeness dodged more tax than he said

The president of German team Bayern Munich, who has admitted evading millions of euros of taxes, hid even more income than he said, a tax inspector told his trial on Tuesday.

Ex-Credit Suisse banker accused of fraud surrenders, set to aid tax-evasion inquiry

A former Credit Suisse banker surrendered to U.S. authorities Tuesday and plans to plead guilty to fraud charges

HMRC under fire over plans to force payment of contentious tax

Proposals by HM Revenue & Customs to group together similar tax avoidance cases have come under further fire from industry experts.

Celebrities in firing line as HMRC looks to recoup £1bn tax

Celebrities including David Beckham and Andrew Lloyd Webber could face a bill of £1bn after a film scheme they invested in is accused of tax avoidance.