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

Clamping down on tax evaders

The new campaign is part of a drive to claw back an estimated offshore “tax gap” of £565m to the public purse

Autumn Statement proposals you may have missed by George Bull

Now the Chancellor’s Red Box has closed for the final time this year, we take a more detailed look at Autumn Statement 2015…

HMRC declares an end to 'hiding money in another country' from January

'Come to us before we come to you': Revenue unveils campaign to publicise new powers to demand personal financial details in 90 countries

"Digital revolution" to tackle tax avoidance

Civil penalties for those who enable offshore tax evasion will be introduce - including the public naming of those who have enable evasion.

Tax cheats who used Swiss bank accounts revealed

Bank secrecy rules in Switzerland long made it easy for foreigners to hide money there. In recent years the country has signed several agreements pledging to cooperate with foreign tax authorities.

Jersey Tax Bulletin - Deloitte

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Agreement for the avoidance of double taxation between Romania and Hong Kong

The agreement will come into power at the date of the last notification in which the parts inform one another with regards to the necessary procedures to get into power.

UK Tax Disclosure Facilities - Time is running out - Deloitte

The Crown Dependency and Liechtenstein Disclosure Facilities finish on 31 December 2015, so after that date it will no longer be possible to register for the favourable treatment afforded by these facilities.

Ex-England football managers caught in film scheme carnage

The products were sold by advisory firm Kingsbridge Asset Management, which built its business through managing the financial affairs of stars from the football world.

CPA Ireland Enters Strategic Partnership with ICMA Pakistan

Under the agreement, members in good standing of either professional accountancy body will be considered for membership by the other body and will enjoy the benefits which each organisation offers.

Britain is being used to wash billions in dirty money — and banks are blocking moves that could crack down on it

Money laundering is the process of disguising the origins of money obtained from crime and corruption by hiding it within legitimate economic activities.

Jersey and Spain ink Tax information exchange agreement

so further evidence of Jersey’s full commitment to compliance with the current international standards on transparency and exchange of information for tax purposes.

UK non-dom changes unfair, unreasonable, disproportionate

These benefits will be taxed without reference to the income and gains arising in the offshore structure

Are stealth taxes leading to an exodus from Isle of Man?

The average charge would be £126 per property

How will HMRC justify 70% Rops rule?

The question remains whether HMRC can justifiably continue to impose this – when many UK pensions have had no restrictions since April 2015.

Swiss banks to pay $81 mln, avoid U.S. charges on aiding tax evasion

Under the program, banks also must provide detailed information on the accounts of U.S. taxpayers under investigation.

Grant Thornton Russia moves over to rival Baker Tilly

The new unified firm, dubbed Baker Tilly Russia, will operate in the audit and consulting services market of Russia, and consists of a headcount of more than 500 employees.

Taxing times set to continue for wealthy individuals by Gary Heynes

With the Chancellor unable to raise funds through the tax credit system as planned, it’s likely that he’ll look to the high-earners to make up some of the shortfall. Wealthy individuals have already been hit hard by tax changes over the years,

RSM warns only six weeks left to come clean under the taxman’s ‘most attractive’ disclosure

RSM is warning individuals that have tax irregularities that time is running out to come clean to the taxman as the popular Liechtenstein Disclosure Facility finally closes on 31 December 2015.

HMRC targets 'affluent' taxpayers in anti-avoidance crackdown

The taxman has doubled the army of inspectors trawling through the tax files of those earning £150,000 or more