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

KPMG’s Week in Tax - December 1-5

As the new year approaches, the governments of several countries this week focused on tax legislation.

Tax crackdown on banks and multinationals 'to raise £5bn'

A crackdown on tax breaks for banks and tax avoidance by multinational firms will raise about £5bn over five years

Jersey Finance welcomes tax agreement with Romania

Jersey Finance has welcomed the signing of a Tax Information Exchange Agreement (TIEA) between Jersey and Romania this week.

Tax moratorium, western sanctions to facilitate Putin’s offshore amnesty — experts

Vladimir Putin announced an all-out amnesty for offshore capital to return Russian capital from foreign jurisdictions

Jersey signs TIEA with Romania

Jersey and Romania signed a tax information exchange agreement (TIEA) at the Romanian Embassy in London on 1 December.

It's time for British tax havens to unmask who owns companies, says Christian Aid

Christian Aid campaigners wearing business suits and white masks outside the conference venue, the Foreign and Commonwealth Office in Westminster, London today demanded faster progress towards transparency.

Make £2billion tax avoidance industry illegal, says Hodge: 'Shameless' accounting firms make vast sums advising rich on how to rip off taxpayers, says accounting chief

The law should be changed to put the ‘shameless’ £2billion tax avoidance industry out of business

How the HMRC helped tax avoiders stay ahead of the law - by shifting cash for Switzerland to Liechtenstein

The crackdown on wealth stashed in Switzerland has failed. Why? Because of a deal Britain cut with Liechtenstein

Germany, France and Italy urge EU to write common corporate tax laws

The German, French and Italian finance ministers have urged the European Commission to draw up EU-wide laws to curb corporate tax avoidance and prevent member states from offering lower taxes to attract investors.

George Osborne Mulls 'Super-Tax' For British Money In Swiss Bank Accounts

Under proposals being considered by HMRC, Britons with money stored in Swiss bank accounts face being hit with a 200% penalty in March 2016 if they do not declare it to the taxman.

P2P lender launches inheritance tax service

Many families will struggle to find the money to pay an inheritance tax bill

Norway should sharply cut corporate tax rate - government commission

Norway should sharply cut its corporate and income tax rates, and raise levies on consumption, the financial sector, real estate and wealth, a government-mandated commission said on Tuesday, possibly heralding a major tax reshuffle in 2016.

Grant Thornton Malta and EMCS join forces

Our existing clients will now be able to tap into a wider pool of expertise and knowhow

Crackdown on tax abuses by technology companies

Multinational companies are braced for a tax crackdown after George Osborne vowed to use his Autumn Statement on Wednesday to put a stop to businesses abusing the system.

Deadline looms for end of film tax relief for investors - Mazars

Mazars strengthens its Media and Entertainment Team

Johnson's Anti-Fatca Crusade Is "Noble" Says Wealth

Fatca is intended to stop Americans dodging taxes by hiding their wealth overseas, but it has proved controversial because it extends to all American passport holders, even those who have only a tenuous link to the US.

New powers for HMRC by Baker Tilly

We reveal some of our predictions for next week’s Autumn Statement.

Donations to a charity from its trading subsidiary: unlawful? - Withers

The Charity Commission has withdrawn its longstanding endorsement of donations to a parent charity that exceed the donating subsidiary’s distributable profits in light of a report by the Institute of Chartered Accountants in England and Wales.

A whistleblower who has helped Europeans recover billions in taxes

Investigations have lead to the creation of the so-called “Falciani List,” which contains the information of the suspected tax evaders.

Over 23,000 Offshore Companies With Profitable Activity in Greece

In total, authorities traced over 2,200 Greek offshore companies in non-cooperating countries, who had declared over 2,100 legal representatives, tax agents and administrators over the last 30 years.