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

FCA orders banks to probe links to Panama Papers

The banks have been told to send over their own preliminary findings by April 15, according to a copy of the letter seen by the Financial Times.

Revealed, former HSBC boss's tax haven: Leaked documents show executive tried to avoid paying by placing £8m town house in offshore company

The ‘Panama Papers’ reveal the former boss held his £8million townhouse through a trust

Widespread ignorance of inheritance tax threshold - Octopus

“Our latest research shows just how vital it is to be aware of the key rules and regulations around tax planning so you can make your money work harder for you and help look after those you love when you are gone.”

PM Intervened To Weaken EU Action On Trusts

Downing Street defends a letter in which Mr Cameron urged officials to focus on companies rather than trusts in a tax crackdown.

HMRC to close T&S tax ‘loophole’

Crawford Temple, chief executive of PRISM, a trade body for service providers and payment intermediaries in the temporary labour market, spoke to Recruiter about the move.

HMRC promises 'swift' action against tax avoiders named in Panama Papers

The British Virgin Islands, which as a British overseas territory is administered by the Crown, has 113,000 shell companies registered with the Panamanian law firm at the centre of the leak, more than any other territory.

Jersey leads on the capture and sharing of beneficial ownership information

He welcomed moves for greater transparency and called on other locations that had not done so to introduce a regulatory regime that enabled them to know and share information on the beneficial owners of companies with appropriate authorities.

Treasury grabs huge increase in Inheritance Tax thanks to rising property values

Inheritance tax receipts taken by HM Revenue and Customs jumped to a record high of £4.6 billion in 2015-2016 according to Wilsons, a private client law firm.

HMRC continue to crack down on tax avoidance and tax evasion - Video

This video discusses the tools that tax authorities are using to tackle tax avoidance schemes as announced in this year's UK budget, March 2016.

The Panama Papers allegations are not representative of the offshore financial industry

The comments from Nigel Green, founder and chief executive of deVere Group, follow a major leak of confidential documents from Panamanian law firm, Mossack Fonseca.

Managing an offshore disclosure – what to do next? by Andrew Hubbard

The revelations emerging from Panama and the threat of further leaks will almost certainly mean sleepless nights for some. So what should you do if you’re worried that the taxman might come knocking?

Britain should not crack down on tax havens as doing so would destroy their livelihoods, senior Tory MP says

Dominic Grieve says British Overseas Territories are 'entitled' to exploit financial services

Apple’s tax affairs spark a transatlantic face-off

Washington calls foul over the EU inquiry — amid anger over a $1tn offshore cash pile

Gibraltar not one of 21 jurisdictions featured in Mossack Fonseca portfolio

it has emerged that Gibraltar is not included in the list of offshore jurisdictions used by the Panamanian firm Mossack Fonseca.

Australia seeks feedback on law to implement new tax treaty with Germany

The Australian government on April 1 launched a consultation on draft legislation that would give a tax treaty signed with Germany the force of law in Australia.

Sweden's Nordea bank in global tax haven tangle

In total, around 400 Swedes are named in the ICIJ's report.

Bring Swiss Funds Home, Greece Says With Partial Amnesty Offer

The legislation would scrap fines and some surcharges for such disclosures.

Canonbie residents “appalled” at Duke of Buccleuch’s tax haven land

Community residents in drilling dispute criticise Cayman Islands accounts

Taxing times for multinationals as governments get tough on avoidance

Mass strongly believes that any tax information of multinationals shared by authorities should not be made available to the public

Will multinationals country by country tax reporting soon be made public

It’s beginning to look as though making public the country-by-country reporting of multinational corporations might be an easy win for those concerned with restoring the credentials of tax systems worldwide.