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

KPMG appoints a Director in Tax Services

She is also actively involved in the automatic exchange of information service offering of the firm.

Billions are being lost due to tax avoidance

By leaving out large and important areas of tax avoidance, the government is able to claim the UK has one of the lowest tax gaps in the world. The claim is laughable

Revenue set to double number of super-rich facing tax probe

It comes following recommendations from the Comptroller and Auditor General to reduce the threshold.

Andersen Name Grows in Poland

KSP Legal and Tax Advice to Adopt Andersen Tax & Legal Name

More accountability for directors will rebuild trust in auditing

From Bruce Cartwright, Chief Executive, Institute of Chartered Accountants of Scotland

Global tax regime aims to take a byte out of Ireland's status as tech hub

For Ireland, a competitive tax rate is the key to attracting foreign direct investment.

HMRC defeated as Jersey companies deemed not UK-resident

Under this scheme, the SPVs holding the assets would grant call options to the Jersey companies at a significantly over-valued price.

BFH clarifies taxation of carried interest from certain fund structures

The decision also clarifies that this treatment applies not only to fund structures that generate business income based on their activities, but also to fund structures that generate business income based on the legal features of the relevant structure.

Taxman may cut definition of high wealth by €30m

The Dáil public accounts committee has also recommended a lowering of the threshold for high earners monitored by the unit.

One in three self-assessment taxpayers under-pay, costing Treasury £8 billion a year

Dr Advani’s report argues that it is important to distinguish between small errors made in good faith and large, deliberate underpayments.

Millionaire’s Plan to Cut Danish Taxes Lies in Tatters

The swing to a government pledging more taxation, not less, adds fuel to the debate about democratic socialism versus unfettered capitalism

Ex-tax inspector offers advice on offshore schemes

A website registered to a Cypriot domain was taken down after the scheme was uncovered

Portugal’s stamp duty implications on the liquidation of trusts

Portuguese law, as a rule, does not provide for the settlement of trusts, with the exception of offshore trusts in the Madeira Free Trade Zone.

Andersen Global Expands in Hamburg

Kolaschnik Partner will join Andersen Tax & Legal in Germany

VAT update: recovery procedure in the UAE and 2020 SAF-T confirmed in Norway

Need to catch up on what’s happening in the world of VAT and wider tax updates? Here’s a summary from our global tax team.

Shakira appears solemn as she pleads innocent in tax evasion case

‘Shakira has always, including in the period between 2011 and 2014, met her tax obligations in every country she has worked in,’ the statement read.

Implementation of tax transparency initiative delivering concrete and impressive results

Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue (tax, interest and penalties) for OECD and G20 countries over the

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