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

Luxembourg, Ireland favourite 'tax havens' for banks, Oxfam claims

Its report claimed that Europe's 20 biggest banks posted more profits in the small EU country of Luxembourg than they did in the UK, Sweden and Germany combined.

UK Rethinking Tax On Overseas Property Investors

The government recognizes that this would be a fundamental change to the taxation of the majority of non-resident companies who currently file self-assessment returns

The results are out: how much income tax do you think top earners should pay?

Many of those who had tweeted cogently about tax fairness after the Budget fell strangely silent when I asked them what they regard as a fair share of income tax to be paid by the highest earners. My MP would not be drawn on the point. But I wanted to kno

Smith & Williamson hires Goddard Perry as actuary and administrator

The opportunity to access the asset/liability position on a daily basis was one of the main reasons for our hire.

How to get your clients £38K tax-free

Mr Heynes pointed out that the personal allowance of £11,500 is available in full to everyone with less than £100,000 of income

UK accountancy firm with Chandler Backer & Co to form CBW Guernsey

The joint venture will provide islanders with a range of services, including advice on business start-ups and sales strategies, business growth, investments, overseas expansion, tax planning and regulatory compliance.

Change in UK tax laws will affect QROPS

The Chancellor has announced changes that will tax certain QROPS transfers but not tax others.

Why becoming a tax haven would be bad news for Britain

Theresa May and Philip Hammond have warned the EU that if they don’t like the Brexit deal, they could turn the UK into a tax haven.

Whoops! HMRC Does It Again Over QROPS Rules

In an infamous High Court case in London, HMRC had to withdraw a claim against more than 100 Singapore QROPS investors following severe criticism from the judge.

Brexit could hit UK's fight against corruption, says OECD

Business pressure to weaken bribery laws and government’s inability to focus on non-Brexit issues are also concerns, says group

Luxembourg in ‘breakthrough’ tax treaty talks with Australia

Gramegna added that over the past year Luxembourg has improved tax transparency to become compliant with OECD standards.

UK Residential Properties - 2017/18 ATED Filing Deadlines

The Annual tax on Enveloped Dwellings (“ATED”) applies to UK residential properties with a market value as at 1 April 2012 (1) in excess of £500,000, where the property is owned by a qualifying non-natural person.

New penalties apply to the trustees for failure to comply with the reporting obligations

The Constitutional Court confirmed that the penalties which were imposed in the past were unconstitutional.

Foreign investment banking giants paid no corporation tax after making billions of pounds in profit in the City

US firms Citibank and Bank of America Merrill Lynch appear to have paid no corporation tax at all, according to documents.

Eversheds Sutherland Global Tax Digest

Introducing the Eversheds Sutherland Global Tax Digest - a collection of tax developments from our attorneys across the globe.

HSBC boss on £8million-a-year is investigated by the taxman over claims he lives in the Far East

Stuart Gulliver says Hong Kong is his main home allowing him offshore tax relief

MALTA: Taxman recovers €10m from Panama, Swiss leaks

More revenue was set to be recovered as some of the more complex cases were still being investigated

UBS 'Very Pessimistic' About Settling Tax Fraud Case in France

The Swiss bank is looking to pay less than what it cost to resolve the German case as the French wealth-management market is much smaller

As Brexit scaremonger UBS threatens to move 1,500 jobs out of the City, we reveal the Swiss giant's 6p UK tax rate

But many foreign banks reduce their taxes by offsetting profits against debt repayments and previous losses.

Offshore tax amnesty yields just €205,000

The deadline, defaulters will be liable for the total amount of tax, interest and penalties imposed by Revenue.