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

New guidance on UK uncertain tax treatment published ahead of law change

The guidance also confirms that an uncertain tax treatment is unlikely to have any consequences on senior accounting officer (SAO) certification

Barclays Frankfurt Offices Raided in German Tax Fraud Investigation

Cum-Ex was a trading strategy that siphoned off at least 10 billion euros ($11.2 billion) in government revenue.

Europe Should Tax Russian Gas, Not Ban It

There’s a better way to cut Russia’s revenues, and it wouldn’t crash Europe’s economies.

10 measures to expose sanctioned Russian oligarchs’ hidden assets

The Tax Justice Network has in response published a briefing detailing 10 transparency measures that the task forces can take to cut through financial secrecy

Tax haven firms double the number of Scottish properties they own

Companies based in major overseas tax havens have more than doubled the number of land and property titles they own in Scotland in just four years.

Tax allowances shrink 6% in a decade as fiscal ice age continues

Plan now to make use of the available allowances this coming tax year

Kreston Reeves named finalists in axation Awards

The winners will be announced at a black tie dinner on Thursday 12 May 2022 at the Park Lane Hotel, London.

How To Reduce Tax on Your Pension?

If you are a resident of the United Kingdom and looking for the same then this blog will be an answer to all your queries.

UK ranks fifth in Europe for tax lost to offshore wealth

This also means that the UK ranks top when it comes to the estimated tax revenue lost as a result of offshore wealth, totalling £19.2bn.

Council of the EU agree on CBAM but not on draft Pillar Two directive

The CBAM also aims to prevent the greenhouse gas (GHG) emission reduction efforts of the EU being offset by increasing emissions outside the EU due to the relocation of EU production to non-EU countries or increased imports into the EU of carbon-intensive

FCA and AIM Regulation removal of temporary relaxations

The FCA believes that market practice has evolved sufficiently since the onset of the pandemic such that issuers and advisers are able to return to previous practices and rules.

Cyprus: Period for which tax incentive available for investment in innovative SMEs extended

The aim of the incentive is to boost entrepreneurship, support start-ups in developing innovative products and services, and strengthen the Cypriot entrepreneurial ecosystem.

CJEU rules Portugal’s system of taxation for nonresident UCITS is contrary to EU law

The CJEU initially assessed whether article 56 TFEU, article 63 TFEU, or both were applicable.

Offshore Trustees Briefing Note Year-end housekeeping for 5 April 2022

We have outlined below matters that offshore trustees and directors of underlying companies

Inheritance tax receipts hit £5.5bn

‘Many people who would not consider themselves wealthy will now face a hefty bill’

New cross-border double taxation agreement between Switzerland and Italy: Updates

The agreement will apply as from 1 January 2023

Draft law includes EU-regulated securitization within scope of interest limitation

Taking notice of the EC’s interpretation, the draft law released by the Luxembourg government removes securitization entities within the meaning of article 2(2) of the 2017 EU regulation from the list of financial undertakings not subject to the int

European Commission publishes 2022 tax management plan

hese recommendations will be the foundations of a major reform of EU customs, which DG TAXUD will propose in the second half of the year.

VAT treatment of UK termination and compensation payments

VAT may also have been payable on termination payments for unpaid invoices or for future VATable supplies.

Adviser Update – Q1 2022

The conflict in Ukraine has undoubtedly delivered a shock to markets, the world economy and even perhaps to people’s sense of financial wellbeing and security.