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

Only 15 taxpayers voluntarily disclose undeclared offshore assets

Declarations before May 1st mean reduced penalties and chance to remain anonymous

The UK Must Not Backtrack On Tax Transparency

But now, ahead of a crunch vote in the House of Commons, it looks worryingly like the Government has already given up on getting British tax havens to open up

Schaeuble Sees Financial Transaction Tax Riddled With Holes

Belgium has led calls to exclude pension funds from the tax.

MEPs told of Panama fallout and Malta's role in global tax avoidance game

The MEPs were mainly interested in Malta’s financial services system and tax regime, the role of gaming companies, and the oversight of the police on money laundering’

Cyprus Implements Country by - Country Reporting

Following publication in the Official Gazette on December 30 2016, the agreement is now binding on Cyprus in accordance with Article 169.3 of the Constitution.

HSBC's 2016 pre-tax profit slumps 62 percent; sets new $1 billion share buy-back

The private banking impairment charges mainly relate to its acquisition of Safra Republic Holdings in 1999.

New Cyprus-India Treaty for the Avoidance of Double Taxation

It also expands the permanent establishment article.

VCT capacity crunch as pension tax changes bite

The new pension limit has come in, which means high-net-worth investors are looking for pension alternatives.

UBS France Said to Be Charged With Harassment Amid Tax Probe

The people asked not to be named as the status of the case is confidential.

The end of privacy?

Behaviour is increasingly managed by public debate, which moves the boundaries of what is regarded as unacceptable.

Smith & Williamson Jersey transfers trust business to First Names Group

The Jersey office of Smith & Williamson continues to offer a full range of tax, accounting and investment and management services.

Fiske swings to half-year profit as revenues rise

Fee revenues improved, driven in part by the integration of its individual savings accounts business onto its new software platform.

Tougher stance on EU country-by-country reporting

This week the European Parliament’s Committee on Economic and Monetary Affairs put forward plans to reduce the turnover threshold for country-by-country reporting from €750m to €40m – highlighting a much tougher stance on tax avoidan

EU Commission very disappointed by Swiss tax reform vote

The rejection of the reform and referendum means we need to redouble our efforts when it comes to taxation.

Jersey in strong position ahead of EU screening exercise

Jersey is one of over 90 jurisdictions to have recently been written to by the Chair of the Group.

Defending the interests of tax dodgers

The end goal is to persuade clients to come clean by entering voluntary disclosure schemes.

Russian tax authorities homing in on Deutsche Bank

Authorities were quoted as saying that the bank owed Russia 10 billion rubles 161 million euros, $171 million.

Swiss notice to Indian art curator on bank information request

India has been seeking "administrative assistance", including access to bank account details of the persons and the companies suspected to have stashed undisclosed funds in banks in Switzerland.

After Brexit, the UK tax system must not develop in isolation

The UK may be about to leave the EU but, in tax terms at least, it is not an island. Brexit and the evolving demands which will be placed on the UK tax system provide a once-in-a-lifetime opportunity to review tax policy and to create a tax system which i

U.K. Becoming ‘Prime’ Tax Haven: EU Panama Inquiry Vice Chair

The “mainland U.K. is also on its way to a prime tax haven,” he said.