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

Google To Pay £24m UK Tax Charge

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

We should pay no tax, billionaire boss of Hargreaves Lansdown tells Government

The 67-year-old Conservative supporter said: ‘I never understood why companies should pay tax. They don’t have a vote. If they didn’t have to pay tax, they would come here in droves and employ millions of people who would pay loads of ta

Italy Stops Cash Payments in 2014 To Combat Tax Evasion

In the interest of increasing the traceability of payments in Italy, and thereby reducing the opportunities for tax evasion, cash payment for certain types of goods and services will be forbidden from January 1, 2014.

France approves 75pc company tax on €1m salaries

President Hollande's controversial measure receives the green-light from France's highest court

Four tax inspectors pursuing HMRC's most wanted

Labour criticised the government after the Treasury minister, David Gauke, admitted in reply to a parliamentary written question that four employees of HMRC are working to capture 124 tax fugitives.

KPMG to advise Vatican on international accounting standards

The appointment was made as part of a commission of inquiry set up by Pope Francis to clean up the Holy See's finances after the Vatican suffered a series of scandals in which it was accused of corruption.

India, San Marino sign bilateral tax treaty

The agreement is based on international standard of transparency and exchange of information and provides for exchange of information that is relevant to the administration and enforcement of the domestic tax laws.

Jersey Finance welcomes confirmation of removal from French list of non-cooperative jurisdictions

Jersey Finance has welcomed confirmation from the French Ministry of Finance that Jersey has been removed from France’s list of non-cooperative jurisdictions.

Deutsche Bank says not party to 'dividend stripping' tax issue

Deutsche Bank on Thursday said it did not expect to have to make payments to cover back taxes by clients, after some of its banking rivals ran into trouble over a tax rebate strategy known as "dividend stripping."

Deutsche Bank tax probe may be fault of IBM

Deutsche Bank's failure to turn over e-mails in a tax probe that led to the arrest last year of five employees may have been caused by errors at International Business Machines, which managed the bank’s data storage.

The complex tax lives of our foreign millionaires

Last year, the Italian was paid £1.8m, including a cash bonus of £1.4m. It was not an uncommonly good package by the his standards: the previous year saw him earn £2m.

U.K. Tax Agency Failing in Duty to Tackle Avoidance, Panel Says

The U.K. tax agency is failing in its duty to collect unpaid taxes and crack down on individuals and corporations who avoid paying the correct amount,

The Netherlands and US agree tax information exchange

This will be advantageous for the stability and a level playing field for our Dutch financial sector in the world.'

King Juan Carlo's Daughter Involved In Tax evasion Claims

The court on the island of Mallorca is investigating Cristina’s tax affairs and has said it will decide within weeks whether to formally summon her as a suspect.

Tax Evasion and Avoidance Finally Came Under Scrutiny This Year

Despite a number of encouraging breakthroughs on tax dodging in 2013, much work lies ahead if tax justice is to become a reality

HMRC raises £20.7bn from tax avoidance clampdown

The accountancy group said the taxman had beaten its revenue target for avoidance work by £2 billion, with the £20.7 billion figure up 11% on the £18.6 billion it had made in 2011/12.

Putin Calls For Several Tax Changes

Russia needs to address the problem of illicit capital outflow and tax evasion, and more effort needs to be put into supporting economic growth in the Far East, according to the President Vladimir Putin.

Russian premier gives Finance Ministry until Jan 20 to draft FATCA-linked agreement with U.S.

FATCA, which comes into force on July 1, 2014, will collect information on accounts held by U.S. taxpayers in all the countries.

HMRC Takes In £121m Through Investigations Into Foreign Bankers And Hedge Fund Managers

HMRC’s tax take from investigations into highly paid foreign City workers living in the UK has jumped to record levels, according to data obtained by Pinsent Masons, the international law firm.

Generali says life products sold in Germany were tax-law compliant

Italian insurer Assicurazioni Generali denied media reports on Thursday that some of its life insurance products sold by Germany's Commerzbank had breached local tax laws.