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

New wealth taxes loom in the Russian horizon

A recently introduced tax on luxury cars, could be the first in a series aimed to addressed inequalities in the country.

Forget FATCA – GATCA’s on the way, warns tax expert

The European Union has hinted moves are afoot for an EU FACTA to include all 28 nations belonging to the union.

Prosecutors raid tax offices in Hoeness affair

German prosecutors have raided tax offices in Bavaria in a bid to find out who leaked tax records of the Bayern Munich president, Uli Hoeness, to the press. The crime could carry a five-year jail sentence.

Billionaire Italian heiress accused of hiding 1,243 properties from tax authorities

An Italian heiress has been accused of hiding more than a thousand real estate properties with a combined worth of more than two billion euros from Italian tax authorities.

German tax offices searched in probe of who leaked Bayern president Hoeness' tax records

German prosecutors say they have searched tax offices in Bavaria as they investigate who leaked a document on Bayern Munich president Uli Hoeness' tax affairs to the media.

Italy govt to discuss new amnesty for tax evaders - sources

Italian Prime Minister Enrico Letta's cabinet will discuss on Friday plans to offer a partial amnesty to tax evaders who stashed assets outside the country

Tax man catches up with sculptor of Wall Street bull

The artist behind the famous bronze statue of a charging bull near Wall Street seen as symbolising an aggressive financial optimism has settled a tax evasion claim against him in Italy.

Revealed: Countries With The Highest Income Tax Rates

European countries feature high on the list of the nations with the world’s highest income tax rates

HMRC issues letters to Cayman Islands evaders

UK residents with assets concealed on the island will have until September 2016 to disclose details to the taxman and pay any tax owed to HMRC

HMRC to Reclassify Bitcoin as Private Money

HMRC is set to change its stance on the classification and taxation of bitcoin and other virtual currencies in the UK as soon as February.

Liechtenstein, Austria Hail Tax Deal "A Success"

Liechtenstein's Prime Minister and Finance Minister Adrian Hasler has recently held talks in Vienna with Austria's Vice Chancellor and Finance Minister Michael Spindelegger

Russia may reach for offshore assets with help of OECD

Russia could see a windfall of up to $6 billion in extra taxes if the government passes a bill to ratify OECD tax convention.

PwC launches Intergovernmental agreement monitor

The expected wave of intergovernmental agreements (IGAs) implementing the tax reporting and withholding procedures commonly associated with the Foreign Account Tax Compliance Act (FATCA) has begun.

Revenue scouring Facebook and Twitter for tax cheats

The Finance Minister Michael Noonan revealed to the Finance Committee that Revenue is sourcing out those involved in tax evasion or smuggling on the internet, and using 'predictive analytics'.

U.S. Treasury signs anti-tax evasion pact with Italy

The agreement came ahead of the implementation in July of a new law to crack down on offshore tax avoidance by Americans, the Foreign Account Tax Compliance Act.

German prosecutors probe Leumi clients over tax evasion - report

Leumi said it is aware of an investigation being conducted by the German authorities

Revenue clampdown on offshore trusts pays off

HMRC stepped up its attack on banks and other businesses that paid salaries and bonuses through trusts, ratcheting up an extra compliance bill for the 770 companies in the large business sector by 160 per cent to £533m in the year to April 2013.

Spain's Princess Cristina charged with tax fraud, money-laundering

After a lengthy investigation, Palma de Mallorca Examining Magistrate Jose Castro said in a 200-page ruling there was evidence that Cristina, 48, had committed crimes and summoned her to appear in court on March 8.

Offshore Act aims to tackle tax fraud in Bulgaria - report

Although this act is likely to further deteriorate FDI performance in the short term, it will undoubtedly improve Bulgaria's global investment climate in the long run, Global Risks Insights reports.

Google To Pay £24m UK Tax Charge

Google is to be hit with a multi-million pound tax charge by HM Revenue & Customs.