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

Greece Likely to Back Down on Tax Exemption Limit, Pension Cuts

In order to be on track, Athens is asked to lower the threshold of tax-exempt incomes.

Inheritance Tax will be next obstacle to London's recovery-claim

This will undoubtedly slow recovery.

RSM UK announces merger with RSM Northern Ireland

This news comes as over the past year RSM has announced 6% in global growth and the promotion of a record 19 new partners in the UK firm.

Luxembourg must allow court challenge to validity of French tax information exchange request, CJEU Advocate General says

Luxembourg ordered Berlioz to divulge information

Ireland’s offshore assets

Tax avoidance is one of the greatest difficulties besetting the world economy. Accountant and tax campaigner Richard Murphy estimates that 10% maybe more of the world’s wealth is hidden away in tax havens. Taxed, the secreted trillions would provid

Russia’s Finance Ministry proposing to remove Hong Kong from list of offshore areas

The amendments are expected to come into force in September 2017.

EU Greens claim Malta could be put on tax haven blacklist

However, a new report on Malta’s tax system published by the European Green Party today suggests that, if European countries were also to be screened, Malta could fail to pass the test itself, depending on the interpretation of criteria by the EU.

Independent city firm reports 70% growth

The business has expanded with the addition of Richard Bunker as a private client specialist partner

Weekly Tax Update 9 January - Smith & Williamson

Included in this Weekly Tax Update: Confirmed date for Spring Budget 2017, ATED rates, updated guidance on BEPS action 4 and more.

Italy now trying to entice taxpayers to declare hidden cash

Now the state is trying again with a “Voluntary Disclosure 2.0” that got underway at the start of the year.

What does the 'automatic exchange of financial account information' between Australia and Greece mean?

Tony Anamourlis delves into the agreement's impact on dual citizens

Irish tax authorities tighten offshore disclosure regime

Revenue guidance states that where there are liabilities arising within Ireland as well as liabilities relating to offshore matters.

UK-Swiss Terminate Savings Tax Deal For Automatic Info Exchange

UK taxpayers will no longer be able to pay a withholding tax to stop their information being shared with HM Revenue and Customs

General election: Dutch finance minister calls for corporate tax increase

Social affairs minister Lodewijk Asscher, who is leading the Labour party’s election campaign, made a similar call at the end of last year.

Revenue battle against tax evasion yields €555m for exchequer

Tax authority says evaders can expect ‘robust response’ in 2017

AUB holds seminar on property investment tax in UK

They should start with having a closer look at their offshore ownership structure to have a better understanding of how the new law will affect their ownership of properties in the UK.

Will 2017 be the year the world got serious about bank account secrecy?

The OECD recently announced that there are 1300 relationships in place for the automatic exchange of account information between countries.

Panama looks to talks with France to get off tax haven list

Panama's president, Juan Carlos Varela, in November warned France of reprisals if his country was maintained on the blacklist.

Accountants face tough new penalties in tax crackdown

The new law means that for the first time, HMRC will be able to charge civil penalties on the facilitators of tax evasion, who provide planning, advice or other professional services or physically move funds offshore.

How to pass your pension pot to the next generation in a tax efficient way

A nominee is someone who would not qualify as a dependent but has been nominated by the members or the pension administrator.