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

Worried about Revenue clampdown on offshore assets

There also hasn’t been any trading in the foreign currency which might give rise to capital gains.

EU gives Spain two months to scrap ‘unfair’ expat fines

The tax affects Spain’s sizeable expat population with the country’s finance ministry announcing that there could be approximately 2 million foreign taxpayers with assets overseas who have not submitted a Modelo 720 since 2012.

French judges begin hearing giant tax case

The so-called France Offshore Affair has been in the headlines for years.

One last chance to take advantage of offshore trusts? - Harneys

Once deemed domiciled, their worldwide assets will be subject to UK inheritance tax.

CJEU rules VAT deduction limit applies to businesses that hold participations

The CJEU has ordered that MVM should not be able to recover this VAT as input tax.

Tax authorities release CbC reporting form

The CbC report has not already been filed with a tax authority that would automatically share the report with the French tax authorities.

Tax reform law includes withholding tax rate reduction and new limits on deductibility of royalty payments

The law also makes changes to the transfer pricing rules.

Are Kirklees Council's private bank debts costing taxpayers dear?

Local authority owed £429.3 million last March

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.