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

Where there is discord, may we bring harmony…

While it’s been the long-term goal of the EU to harmonise the VAT system across Member States, it seems there’s very little harmony when it comes to agreeing the standardised EU VAT return.

London Tax Tribunal to Evaluate U.K. Film Investment Vehicles

The tax authority says Ingenious vehicles, used on such productions as 'Avatar,' allowed British celebrities, such as David Beckham, to reduce their tax bills

Non-doms urged to protect assets in case of rule change

If new rules were to come into force, it could cause a 10 year reduction – from the current 17 years to seven years – in the length of time a foreign national can reside in the UK before they would be subject to pay UK inheritance tax (IHT).

HSBC Pretax Profit Rises, Despite Numerous Charges And Provisions

Revenue, which refers to operating income before loan impairment charges, rose to USD15.78 billion from USD15.08 billion, while loan impairment charges and other credit risk provisions, fell to USD760 million from USD1.59 billion.

A difficult judgement call for charities by George Bull, Baker Tilly

The Court of Appeal has ruled against The Woodland Trust in its case against the executors of Valerie Smith.

Expert warns ‘bad tax’ will hit property market

THE replacement for stamp duty in Scotland is a “very, very bad tax” which will affect every level of the property market, including first-time buyers, a leading academic has warned.

Hodge calls for tougher tax regime

The chair of the Public Accounts Committee has called for tougher tax regime that closes the loophole exploited by companies and prosecuting avoidance schemes, as the UK tax gap grew to £34bn.

Europe’s tax haven investments in Africa

The honour of delivering the keynote address at the high-level EU-Africa Business Forum earlier this year fell to Dr Ahmed Heikal.

Are offshore structures still advantageous in 2014?

Although in the past eight years or so, various UK Governments have introduced legislation which has withdrawn some of the previously available tax advantages of such structures, they remain valuable tax planning vehicles in the right circumstances.

Britain's other inheritance tax: the poorer you are, the more you pay

Comment: A quirk in the rules governing council tenants who die means that some face what amounts to an inheritance tax of 100pc. This grossly unfair penalty should be scrapped

Channel Islands sign tax agreement

Guernsey and Jersey have signed a multilateral competent authority agreement, which takes a further step toward the implementation of a new single global standard for automatic exchange of taxpayer information.

Cameron vows to clamp down on companies that funnel billions into offshore tax havens

Companies which exploit loopholes to avoid paying tax in Britain will be made to ‘damn well pay

Tax summit in Berlin aims to say goodbye to banking secrecy

The finance ministers of around 50 countries meet in Berlin on Wednesday to sign a deal they hope will put an end to banking secrecy and aid the worldwide fight against tax fraud and evasion.

L&G chief attacks mansion tax plans as 'poor economics'

Labour's plans for a mansion tax on high value properties will ‘punish’ families and savers, according to Legal & General chief executive Nigel Wilson, who has launched a scathing attack on the policy.

Gilbratar Joins Landmark Tax Transparency Drive

Gibraltar will today sign an international agreement with at least 45 other countries to swap tax information automatically with each other from 2017.

Bank-Data Sharing Accord Expands Push to Find Tax Cheats

The accord to be signed by finance ministers in Berlin today signals global determination by governments to capture tax revenue after the U.S. pursued banks such as Credit Suisse for helping Americans cheat on their taxes and German authorities bought CDs

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