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

Not so innocent abroad: taxman targets income from foreign holiday lets

Big new financial penalties loom for people hiding any overseas earningsr

The auditor of Citi, Credit Suisse and Deutsche Bank was tipped off before regulatory inspection

Court filings: KPMG employees would receive bonuses if their engagements received no comments from inspectors

Real Madrid's Cristiano Ronaldo agrees €18.8m fine in tax case - sources

The final agreement has still to be signed off on both sides -- and Ronaldo's camp may yet get the prison sentence element removed in exchange for a higher fine.

HMRC tax evasion cases reach record high

HMRC said it takes any reports of tax evasion extremely seriously and always thoroughly analyses and investigates any information it receives.

Yanis Varoufakis: Ireland a tax haven ‘free-riding’ on Europe

Former Greek finance minister says Ireland remains deeply divided since crash

Cristiano Ronaldo tax evasion: settlement reportedly close

El Confidencial says the Real Madrid forward is near to agreeing a deal with the Spanish inland revenue that would ensure he avoids jail time.

Offshore offence: HMRC’s tax evasion hunt has begun

For those with extensive offshore arrangements, it is particularly important to review these to make sure that they remain compliant.

Andersen Global expands into Luxembourg

B.A. Tax Accountants provides services in all tax areas, including tax planning, tax structuring, mergers and acquisitions, liquidations, and restructuring.

Public sector pension funds put millions in tax haven-linked PFIs

Report traces nearly 30% of investments in Scottish schemes to offshore firms

How tax compliance in Luxembourg is changing

With global accountability the ‘new normal’, it’s more important than ever to understand your tax compliance obligations in Luxembourg.

$12 trillion ‘phantom’ corporate investment – it’s not just about tax avoidance by George Bull

Using the latest transparency data, a report from the International Monetary Fund estimates that multinational corporations have invested $12 trillion in empty shell companies. On top of that, around $7 trillion of personal wealth is held in tax havens. W

HMRC tax evasion investigations up by 20%

In 2015, HMRC was looking at 2,972 cases, which increased to 3,216 in2016-17 and 3,809 in 2017-18 – an 18% year-on-year increase.

Most workers are in favour of higher income taxes - but just for those with big salaries

When asked which assets should be taxed and how often the tax should be due, a majority of the survey respondents favoured taxing land.

Switzerland set to amend anti-money laundering law

The Swiss Federal Council has now initiated the consultation process for amendments to the country's anti-money laundering law.

$12 trillion of ‘phantom investment’ disappears into corporate shells

Around $2.5 trillion of FDI flows around the world each year, and the OECD estimates there is a total outstanding stock of around $31 trillion of such investment.

Scrapping inheritance tax won’t make divorce easier

Proposals consider being able to gift up to £125,000 per person as a lifetime gift without payment of tax.

EU puts US on the clock for tax blacklist

If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.

Beware: executors are liable for inheritance tax

When that person dies, you, as executor, will be expected to deal with their estate, making sure that their will – if they had one – is respected.

Offshore tax measures behind UK evasion spike

HM Revenue and Customs identified a 20% jump in serious tax evasion cases in the past 12 months, according to data obtained by law firm Pinsent Masons.

Retail millionaire to bankroll hunt for wealthy tax avoiders

For business, reputation is everything. And Britain doesn’t like tax avoiders.