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

Year-end and general UK tax planning for international clients

Care needs to be taken when spending time in the UK so as not to breach the UK Statutory Residency Test rules.

How can the EU deal with Tax Evasion and Financial Crime?

The report claims that the 28 EU members aren’t putting enough effort into dealing with financial crime or tax evasion.

HMRC wins £40 million battle against tax avoidance promoters

HM Revenue and Customs has won a legal case over tax avoidance scheme promoter Hyrax Resourcing Ltd, which will help the tax authority collect over £40 million in unpaid taxes.

UK Government details scale of loan scheme tax avoidance

HM Treasury will publish a report on disguised remuneration schemes and government measures to tackle these arrangements.

'Accidental Americans' in France increase pressure on US over tax bills

Despite this they often find that they are eligible to pay tax on their global income in America because US tax eligibility is based on citizenship and not residency (as it is in most countries).

GSD says tax treaty is ‘intrusive, harmful and politically inexplicable’

“It is, once again, another bad deal which is being given the hard sell by the Government.”

Many offshore havens more compliant than the UK

There are no HMRC figures on how much tax is lost to the UK’s coffers in this way, but estimates put it in the billions.

Luxembourg tax reform for 2019: Part II

For a Luxembourg company with profits exceeding EUR 200,000, the aggregate tax rate will decrease to 24.94%[1] from 26.01%.

Raising corporation tax may seem like a vote winner, but it makes all of us poorer

The wrongdoing he had in mind is money laundering and tax evasion.

Backlog of tax disputes hits 28,800 as HMRC shows no let-up in pursuing tax avoiders

Backlog of tax disputes has risen for three years in a row

Clarifications on “portfolio management of investment in real estate”

All other services would be remunerated based on a lump-sum payment determined as a percentage of the rental fees collected by the management company for the immovable property comprising the portfolio.

IEA says attacks on tax havens undermine competition and privacy

IEA release report on offshore financial centres

HMRC blames carelessness for unpaid tax

HMRC stated it would tailor its approach depending on the type and size of the taxpayer or business it was dealing with.

RSM's Weekly Tax Brief - Tax and the Spring Statement

RSM’s weekly round-up of the most important tax news

Cayman dodges tax list but pressure persists

Officials from the Cayman Islands Ministry of Financial Services said that government was pleased Cayman was not on the black-list

Need for IHT advice underestimated

The Chancellor’s review into the inheritance tax system is welcome

Tackling tax avoidance, evasion and other forms of non-compliance

The government is committed to ensuring everyone, whether an individual or a business, pays their fair share of tax.

No Safe Havens 2019

HMRC’s strategy for offshore tax compliance.

Comment: Taxing times for IHT

Naturally, high net-worth individuals (HNWIs) have baulked at the idea they might be adversely affected by the reforms.

Scottish Labour leader promises to tax the rich

Leonard vows to take on landed classes in effort to re-kindle socialist credentials