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

Revenue hires to delve into multinationals

It follows moves at a global level to clamp down on tax avoidance strategies and close off loopholes.

SMP Accounting & Tax - UK Autumn Statement 2016

On Wednesday 23rd November Phillip Hammond issued his first UK Autumn Statement.

Wot no rabbit? by George Bull

This was by no means a dull Autumn Statement, nor was it particularly short, but if we exclude the re-announcement of measures introduced in the March 2016 Budget, it was definitely light on new tax content.

Tax avoidance 'enablers' on Hammond's radar

Measures include a requirement for intermediaries and service providers with UK clients to register with HMRC.

Taxpayers face losses of £27bn for bailing out banks

Fall in lenders’ shares after Brexit vote prompts watchdog to revise costs

British taxpayers face 27 billion pound loss from bank bailout

Taxpayers face a 32.4 billion pound loss on the value of the government's shares in Royal Bank of Scotland.

Personal Tax Inspectors – The Ultimate Status Symbols

Around 6,000 inquiries are open into their tax affairs.

Taxing times: a starting gun on 'corporate tax wars'?

The implications for the rest of Europe are less clear cut.

Guernsey Tax Bulletin: Autumn Statement 2016

This year’s Autumns Statement marks the end of an era and the start of a new chapter, the Chancellor, Philip Hammond has said.

Romania's Liberals eye sharp cut in VAT next year

He also pledged measures to cut red tape and improve transparency in the public sector.

Schäuble Attacks British Tax Cuts

Her words were designed to boost British businesses, which had mainly wanted Britain to remain in the European Union.

Football stars face 'life-changing' tax bills over film scheme

Tax advisers it would issue tax payment demands amounting to large multiples of the amounts invested

How Britain is squeezing the rich

The NAO report reveals that the unit winkled an extra £416m of tax out of its well-off “customers” in 2015-2016 as a result of compliance investigations.

France investigating 500 taxpayers after Panama Papers leaks

It didn't identify any of the taxpayers involved.

Tax Evasion In Greece Remains High

The equivalent of 3.5 percent of GDP is lost through value-added tax evasion.

France: Proposed income tax withholding for resident individuals

Currently, French tax residents pay their income tax in the year following the year in which the income is received.

Zero tolerance needed against tax secrecy, says former Panamanian advisor Joseph Stiglitz

But he added that Europe, acting alone, could make a significant difference.

Could this year’s Autumn Statement contain good news for private clients?

We expect to see a number of announcements that will impact private individuals. We hope for some good news on a delay to complex changes for non-doms due to be rushed in in April 2017 and are optimistic about the likely simplification for many small busi

Taxman sets police on Finns coming clean on undeclared overseas income

They were hoping for immunity from fines or criminal sanctions but dozens now face police investigations.

France to try to reclaim 2.2 billion euros in tax deductions from Societe Generale - Les Echos

Finance Minister Michel Sapin said on Nov. 3 state tax experts would decide "within days" whether the funds should be recovered.