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

British overseas territories top corporate tax loophole index

A British government spokesman said tackling tax avoidance was a priority and that the country had "been at the forefront of international action to reform global tax rules".

HMRC reaches prosecution referral target again

According to the news site, this figure could increase in the future due to data received by HMRC relating to offshore accounts from jurisdictions such as Bermuda and the Cayman Islands.

Prosecutions top 1,000 as HMRC focuses on tax evasion by individuals

The government launched 1,007 prosecutions against individuals for tax evasion offences last year, as the HMRC clampdown on tax evaders intensified

Andersen Global Expands UK Locations

The Manchester office will continue the firm’s focus on advisory and compliance services and is joined by Partner Matt Hodgson.

Pass on your wealth without paying a penny to the taxman: Inheritance tax cost £5.4bn last year - and more are set to pay it

And there is no escape if you give your assets away during your lifetime, as anything given within seven years before your death may also be subject to tax — and could mean your relatives are chased for money after you've gone.

Further Tax Changes for Irish Property Funds

The Irish Government has advised that the tax treatment of Irish property funds may face further changes later this year.

POLAND: Withholding tax rules affected by new beneficial owner definition

The scope of tax treaty withholding tax exemptions may be limited and qualification for treaty benefits for intercompany payments may be in question.

Setting a benchmark for inheritance tax portfolios

Tracking real performance

Swiss give clear ‘yes’ to corporate tax reform

The new legislation will bring Switzerland into line with international tax rules by cutting out preferential rates offered to multinationals, while lowering baseline rates in an effort to prevent them fleeing to more attractive destinations.

German authorities raid 11 banks in tax evasion probe

Deutsche Bank said the investigation was directed against private individuals, not against the company, that it is cooperating with prosecutors and wasn't a target of the current raids.

No Safe Havens 2019

HMRC’s strategy for offshore tax compliance.

Estates in administration – beware of the tax issues

But executors and other personal representatives should be aware that both Income Tax and Capital Gains Tax may apply during the period of administration.

Tax & Brexit for EU and UK businesses

EU based businesses, which would prefer to operate in a constant and certain environment, are left having to guess how they will be able to transact with the UK once Brexit takes place.

Will a carbon-added tax help save the world? by George Bull

Taxes won’t cure all of the world’s ills, but they might help with some of them.

'Grand Theft Europe' — tax fraudsters reportedly stealing millions from governments

The "VAT carousel" rackets enable criminal gangs to steal millions from the state.

BoI and Ulster Bank used in tax fraud carbon credits trading

Leaked files reveal dealings by fraudsters abusing carbon credits trade without VAT 52 minutes ago

Shareholders snub UBS leadership over French tax conviction

A French court in February found UBS guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties.

Netherlands: Decree issued on state supervision of investment funds

According to the new decree, specific state supervision must apply to (the capital invested in) the fund, which could be the case if the supervision takes place via the fund manager’s licensing requirement.

HMRC to plough through huge levels of data under CRS rules

Despite these letters being sent and received, there is actually no statutory requirement to sign the certificates, or even to reply to HMRC at all.

Why substance matters by Rachel de Souza

The change applies to certain tax debts paid by employees and customers