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

New UK tax changes unlikely to dent appeal of buy to let for UK non-residents

As stock market volatility continues, expats might be well advised to stick with UK buy to lets

HMRC Welcomes Fall In Banking Sector Tax Schemes

Banks must maintain good internal controls over their tax affairs and have strong governance around tax.

Offshore tax evasion: HMRC press release

The Offshore Tax Evasion regime will see information passing to the UK tax authorities from a large number of countries.

Italy Removes Jersey Blacklisting

The only remaining general criterion for the application of the CFC rules (without list) will be the low level of corporate taxation of the controlled foreign company.

Guernsey on Italian 'white list'

The Stability Law has revised the relevant provisions of Italy's tax code relating to so-called 'black lists' on corporate taxation and Controlled Foreign Companies rules.

States of Guernsey Common Reporting Standard

Supplementary Guidance Notes Released

The mystery of the disappearing footnote - a reminiscence by Dr John Watson

This week, Andrew Hubbard adopts the persona of Dr John Watson to chronicle Sherlock Holmes’ attempt to understand the tax system and the true intentions of parliament. But will the clues in the latest annual report on The Code of Practice on Taxati

FCA Ends Probe Into HSBC Swiss Tax Affair

The FCA has concluded a 'deep-dive' into HSBC's Swiss private bank in the wake of a tax evasion scandal

Moscovici Sees Connection Between Lowering Taxation and Combatting Tax-Evasion

The Commissioner noted that based on a study conducted in September, Greece’s implicit tax rate on labor as well as the labor tax on the average wage, is relatively lower then the European Union country average.

HMRC hails success of tax avoidance clampdown on UK banks

HMRC said the amount of money in tax avoidance schemes has fallen from £3.2bn in 2013 to £1bn

2016 Tax Changes In Austria

More need for action derives from the set of measures to finance this relief.

2016 Tax Changes In Hungary - TMF

Tax law changes will take effect in Hungary from 1 January 2016, following the November passing of amendments by the country’s Parliament.

Permission possible for film tax probe

The evidence will be used in a case involving Frank Agrama, a film producer who is alleged to have been Berlusconi’s agent in the multimillion- euro scheme.

HSBC share price: German tax probe launched into bank’s Swiss unit

Lawyers for British lender negotiating with local authorities for settlement

Apple to pay 318 million euros in Italy tax fraud probe

The company was accused of transferring that €880 million ($962 million USD) of profit to its Irish subsidiary to benefit from the country's lower tax rate. Apple Italia did not immediately comment.

U.K. Property Sales-Tax Increase to Include Overseas Homeowners

Demand from overseas buyers has contributed to a jump in London house prices, and off-plan sales abroad helped developers finance projects including Battersea Power Station.

Bid to stamp out corporate tax avoidance unites Westminster parties

HM Revenue and Customs recently stepped up efforts to crack down on tax avoidance. It emerged last week that a taskforce is ensuring that overseas firms trading on the internet charge VAT on products sold to customers in the United Kingdom.

A Cheeky Welsh City Goes ‘Offshore’ To Keep away from British Taxes

Rebelling against central authority is something of a U.K. tradition. Fans of old British comedies may recall the 1949 movie in which a London neighborhood finds a document that seems to make it legally a part of France.

Switzerland, Italy Agree Tax Deal For Cross-Border Workers

Employees will pay up to 70 percent of the income tax that would ordinarily apply to employment income in the state where they work.

New exemption from UK withholding tax for private placements will be available for use from 1 January

Regulations have now been passed outlining the conditions that apply to a new exemption from withholding tax for private placements.