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

More UK non-doms switch to domiciled status after tax changes

The switch explains the decline in the number of registered non-doms in 2017/18, HMRC says

Majority of Germans to stop paying 'solidarity tax' from 2021 - draft law

The draft law says that around 90% of taxpayers should no longer pay the tax, which adds 5.5% to income taxes, from 2021, calling it the most comprehensive tax reduction in over 10 years.

Estera Launches Economic Substance Solutions

The portal and guide will be used by Estera clients to help establish how their entities are impacted by the new economic substance regulations.

A fair share of tax or a missed opportunity? HMRC reveals latest non-dom statistics

This policy shift was designed to increase tax revenue

UK taxman demands customer info from crypto exchanges: report

The move follows similar steps from tax authorities elsewhere, most notably the IRS in the U.S., towards recovering unpaid tax on cryptocurrency transactions.

Hope for Tax Dodgers in German Chaos?

There, officials are sifting through to root out suspected tax dodgers and cheats.

Italy: Tax incentive for professional athletes

One of the greatest advantages of the special tax regime is that it applies to all employed and self-employed professional athletes

Hargreaves Lansdown loses 'discount tax' battle with HMRC

Online stock broker loses legal battle with taxman that could have returned £15 million to around 150,000 customers.

Minister's proposal of corporate tax reforms causes strong reaction from Cyprus business community

It will also scrap an annual fee of 350 euros paid by every company, and stamp duties.

UK increasingly reliant on super rich for tax income

A disproportionate number of the top 1% of taxpayers are male, middle-aged, and based in London – and receive around 14% of national income, according to new research by the Institute of Fiscal Studies (IFS)

The Charity Tax Commission publishes recommendations to increase the effectiveness of charitable tax reliefs

The report, commissioned in 2017 by the National Council for Voluntary Organisations, specifically focused on the effectiveness of Gift Aid, business rates relief and VAT.

Do high taxes work? by James Hambro

The effects of such eye-watering levels of tax were devastating.

Film Tax Credits Soar to $2.3 Billion as U.K. Watches for Abuse

The increase comes as the tax agency continues its crackdown on film production companies that convince high net-worth individuals to partner with them to invest in films.

Landlords warned about £40k tax charge

This was introduced in the subdued housing market of the 1980s to encourage individuals to rent out spare rooms in their homes.

Tax authorities present rich Belgians in Monaco with €100 million bill

The charge is not an easy one to prove

Is inheritance tax fair? Allowances, thresholds and reducing liabilities

Inheritance tax is also seen as unfair because the government is consistently increasing its revenue, while the thresholds for inheritance tax have been frozen for a decade.

Luxembourg’s government formerly approves new Double Tax Treaty with France

The treaty had been signed by both countries in the spring of 2018

We tax our companies, they don’t tax our companies' by Nick Blundell

Pillar one sets out the new taxing rights and pillar two, like the US GILTI regime, achieves a minimum level of tax.

HMRC to take on phoenix companies

This is a very important change in the way company liabilities are viewed by HMRC

Grand Theft Tender? How €56bn went to tax havens

Countries officially blacklisted or greylisted as tax havens by the EU.