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

Germany forwards Swiss bank account data to 27 countries for tax checks

We are facing an outright tax evasion industry

UK announces ‘full access’ to offshore info in BVI

He told his country’s parliament that the BVI and most other British Overseas Territories have agreed to allow full access to the information, starting in September.

EU seeks tougher tax rules after offshore accounts scandal

The Commission says it would affect some 6,000 companies but socialist legislators estimated it would affect less than 2,000 multinationals.

Tax evasion - is a criminal offence for companies the answer? by George Bull

This week, the Prime Minister announced that the Government is bringing forward plans to introduce a criminal offence for corporations that fail to stop their staff facilitating tax evasion. So will this be an effective measure or is it a knee-jerk reacti

Tamper with tax havens at your peril

Global financial centres facilitate trade, investment and economic growth, writes Richard Hay

Latvia, Hong Kong conclude double taxation avoidance agreement

At present, investors from Latvia and Hong Kong have to pay taxes in the other country in accordance with national tax legislation

Offshore’ has become synonymous with murky dealings. That’s not fair - Nigel Green

The overwhelming majority of the offshore sector provides products and services that are entirely compliant and legal and are used by law-abiding people.

HC upholds stricter tax rule on inflow from abroad

Allows govt to impose 30% tax deduction at source on inflow from Cyprus

Norway's Wealth Fund Faces Demonstration Over Tax Havens

The planned demonstration follows calls last week by opposition lawmakers in Norway for the sovereign wealth fund

Paris and Berlin call for global tax-haven blacklist

The moves by Berlin and Paris come in the wake of the embarrassing revelations last week showing the broad use of offshore entities by the world’s rich and powerful.

Jersey's Chief Minister issues statement on beneficial ownership

They are required to provide accurate, up to date information on beneficial owners to the Companies’ Registry, which forms the central register of beneficial ownership.

SocGen chief to testify to French senate on Panama Papers

French bank was a prolific creator of offshore companies

Deloitte steps down as auditors to Ulster Bank

Deloitte was paid €1.1 million, excluding Vat, as auditors to Ulster Bank Ireland Ltd in 2015, up from €933,000 a year earlier.

German Finance Ministry Seeks Global Register

German Finance Minister Wolfgang Schäuble has called for countries to work together in the fight against tax fraud and money laundering.

ABN Amro helps clients hide assets in tax havens, Dutch media claim

The Panama Papers show ABN Amro has at least six subsidiaries which operate as nominal shareholders.

French regulator demands extra tax haven information from banks

France's ACPR financial sector regulator has told French banks to hand over extra information about their business ties with tax havens following "Panama Papers" leak, a spokeswoman said Thursday.

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.