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

L&G to change external auditor

A resolution to approve the appointment of KPMG will be put to shareholders at the company's AGM in 2018.

Desert island risks

Offshore structures are used by investors as a tax efficient method of holding European real estate

Apple-EU case was not the end of secret tax deals

The November 2014 leaked PwC papers, which came to be known as the LuxLeaks scandal, had revealed that Luxembourg had signed off secret deals with some 340 corporations from 2002 until 2010.

HMRC chief calls for tax crackdown on Premier League footballers

Jon Thompson tells MPs that offshore image rights payments are most significant tax avoidance issue in football

Netherlands Aaccused Of Making More Secret Tax Deals With Global Businesses

Last year the Netherlands made 236 secret tax deals

Government equalises benefits of foreign and UK pensions

A total of 100 per cent of the income received from a recognised overseas pension scheme by an individual who is UK resident for tax purposes will be subject to UK income tax

BRICS nations vow to automatic sharing of tax information

The 5-nation bloc expressed their continued support to all international initiatives towards reaching a globally fair and universally transparent tax system.

Protocol Of Singapore-Russia Avoidance Of Double Taxation Agreement Enter Into Force

The changes are expected to enhance trade and investment flows between the two countries

Real Madrid starlet Martin Odegaard turned down ‘tax evasion scheme’ used by Cristiano Ronaldo and Jose Mourinho

Documents uncovered by Football Leaks reveal the player's father was contacted by Spanish lawyers to take advantage of tax havens when he made the switch to Spain

PwC poll reveals 70% of UK asset managers fear market access loss

Deep concern about Brexit’s effect on investment firms’ ‘passporting’ privileges

Calls for probe into Jose Mourinho 'tax haven' claims

Real Madrid star Cristiano Ronaldo is another high profile name in football who is accused of having allegedly moved money to a "tax haven".

Revealed: Coutts managed tax haven firms for controversial clients

The information was uncovered in the Panama Papers, a database of 11.5m documents leaked from the archives of the offshore law firm Mossack Fonseca.

Hungary adds transaction tax rebate to 2017 stimulus mix

The tax had been due to raise 202.5 billion forints ($690 million) in 2017.

HMRC 'haven't played with a straight bat' in KPMG case, claims counsel

The four executives are challenging the legality of the searches carried out at their homes and offices.

No let up for HNWs from the taxman

The National Audit Office’s recent re-evaluation of HNWs will see HMRC taking ever greater interest in their affairs says Hannah Blakey.

EP Panama inquiry committee granted permission to come to Malta

Alternattiva Demokratika chairperson Arnold Cassola says European Parliament committee probing money laundering, tax evasion and tax avoidance coming to Malta in early 2017

EU Mulls ‘Substance Test’ to Determine Zero-Rate Tax Havens

Member countries “generally agree that the absence of a corporate tax system, zero or almost zero rate of taxation does not automatically mean that a jurisdiction encourages offshore activities”

Cyprus: Changes In Tax Regime For Directors And Other Officers

Acceptance of a position on purely personal grounds does not of itself create an economic activity

What has HMRC ever done for us?

If we want to encourage workers from abroad to come to the UK – and it still seems to be government policy to do so – we have to ensure that they are properly treated.

Autumn Statement 2016: Private Client Announcements - Wedlake Bell

This will make it easier for such individuals to inwardly invest in UK businesses.