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

Italian-Swiss TIEA Enters Into Force

A country has to exhaust all of its own internal legal procedures before it can request information from the other.

UK Property - The Non-Resident Landlords Scheme

The Non-Resident Landlords Scheme is a scheme for dealing with the UK taxation of UK rental income of individuals, companies and trusts that are not resident in the UK.

Revenue probes 40 'tax-neutral' companies for suspected abuse

As long as payments out match payments in, S110 securitisation vehicles pay virtually no tax, if any.

Vulture funds using charitable status for tax avoidance being investigated

Some vulture funds are using a tax loophole to pay as little as €250 in tax in Ireland.

PanamaPapers Aftershocks: G20 to Prepare Tax Havens Blacklist by July 2017

Mossack Fonseca did not validate the information contained in the leaks but accused reporters of gaining unauthorized access to some of its proprietary information.

UK ranks outside top ten for property tax

The UK levies higher purchase taxes on prime real estate than many key competitors, and risks reducing its attractiveness to globally-mobile executives and high net worth investment from overseas as a result, according to a study by UHY Hacker Young

Government changes tax policy

Entrepreneurs perceive proposed changes, except reduction of the corporate income tax, negatively.

Negotiations to amend Cyprus-India double tax agreement concluded

With taxation rights over gains on the disposal of such shares at any future date remaining solely with the state of residence of the seller.

HMRC explores tougher methods for publicising tax fraud by the wealthy

Public Accounts committee criticised HMRC's lack of strategy

Consultant launches international tax advisory service

It has invested significant funds in hiring a US tax team to complement its existing UK operation.

OECD secretariat reviews the functioning of the Italian tax administration

The collection of tax debt needs to be modernised, building on the positive results achieved since the function was brought into the public sphere.

Transparency is not a one way street by Andrew Hubbard

Dispute resolution with HMRC has changed out of all recognition since the controversy over the “sweetheart” deals with Vodafone and Goldman Sachs. The latest annual report shows that while the process is a lot more rigorous, there are still a

Scotland's biggest airports - Edinburgh, Glasgow and Aberdeen - are owned in tax havens

Official filings show that the capital’s hub – the main gateway for visitors to Scotland – is ultimately in the hands of an off-the-shelf company registered in the Cayman Islands.

Whyte & Mackay Slammed For Paying Just £172K In Taxes

Whisky giants Whyte & Mackay have come in for criticism for paying just £172,000 in taxes despite recording profits of over £24million.

Fears grow over Scottish firms used for money-laundering in former Soviet Union

News of certificates of good standing being sold in the ex-USSR came shortly after MPs warned that Britain's property market was being used to launder billions of pounds.

Government Weakness Has Allowed Tax Dodging To Flourish

“It’s not just about clever companies,” O’Sullivan stressed. “Somebody has to create the tax haven for profits to be shifted in to, and many governments are willing to do that.”

UK withholding tax on interest paid to non-UK residents - Withers

The current basic rate of income tax in the UK is 20%. Whilst there are various circumstances to which deduction of income tax at source is relevant, the specific purpose of this article is to describe the position that applies when UK source interest is

Hammond called on to suspend stamp duty for purchases under £500k

Rachael Griffin, financial planning expert at Old Mutual Wealth, said should a move take place it could provide much needed stimulus to the market following the uncertainty caused by the EU referendum.

How could Brexit affect employee assignments abroad?

Following the EU referendum, there is considerable uncertainty surrounding how Brexit will impact employers and employees in the globally mobile workspace. Whilst nothing is certain, there are a number of tax issues to consider for UK employers who are ei

Tax planning - Belgians declared 1,580 offshore companies in 2015

Since 2014, Belgian taxpayers have had to mention the use of offshore companies in their tax return.