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

Are you ready for the new financial reporting standards? - Moore Stephens

UK energy and mining companies preparing financial statements under UK GAAP will be affected by the abolition of UK GAAP in its current form.

Capital gains tax charge on non-residents – further details published - Moore Stephens

The government announced in the 2013 Autumn Statement that it intended to introduce a capital gains tax (CGT) charge on the disposal of UK residential property by non-residents with effect from 6 April 2015.

Nina Ricci perfume heir charged with tax fraud

The heir to the Nina Ricci perfume fortune is to go on trial for tax fraud in what is seen as a test case related to the HSBC tax avoidance scandal.

Vladimir Putin Signs Law to Stem Capital Outflows and Clamp Down On Russian Tax Cheats

Russia holds a leading place in the world among developed states by the scope of the use of offshore schemes.

Paying Taxes 2015: The global picture

he study investigates and compares tax regimes across 189 economies worldwide using a case study company, and ranks them according to the ease of paying taxes.

What's the end game for 'name and shame'? by Mike Down, Baker Tilly

Last week, HMRC published the details of recent tax evaders on their website. The latest in a regular quarterly series of ‘Publishing Details of Deliberate Defaulters’ (PDDD) lists, it contained details of 23 taxpayers.

IMA announces winners of its inaugural Auditor Reporting Awards

Daniel Godfrey, IMA chief executive, said at the awards ceremony the quality of reports was mixed. Although the change was “the most significant advance in auditor reporting in decades” some of the reports were “frankly disappointing&

Millionaire Tory Boris Johnson is refusing to pay his taxes.

The American-born mayor owes the country tax after he sold a house but is refusing to pay the large amount that is due

Cyprus Agrees Double Tax Pact With Iceland

Cyprus and Iceland have released the text of a new double tax agreement signed between the two nations on November 14, 2014.

HSBC's Swiss private banking arm under investigation in France

The Swiss private banking arm of HSBC Holdings Plc said on Friday it had been placed under formal investigation by French magistrates, who are looking into whether the bank helped certain clients avoid paying taxes.

Hedge Funds Face Exit Tax as Iceland Central Bank Discusses Plan

The government targets having a plan it can present by year-end that would map out how Iceland will scale back currency controls currently blocking about $6.6 billion from exiting the island.

Crackdown on celebrity tax avoidance branded a failure

MPs have attacked the taxman for being too slow to crack down on controversial avoidance schemes used by celebrities and other high earners, resulting in millions of pounds being lost to the public purse.

MPs tell HMRC to pick up the pace of tax investigations

The Public Accounts Committee has criticised HM Revenue & Customs for its "unacceptably slow" action against tax avoiders.

2006 UK/Japan Double Taxation Convention: Entry into force of Protocol and Exchange of Notes

The Protocol and Exchange of Notes between the UK and Japan which was signed in London on 17 December 2013 will enter into force on 12 December 2014.

Taxing 'mansions' is unfair, bad economics and rather un-British

Financial expert Chris Thorpe casts a critical eye over Labour’s ‘mansion tax’ plans.

Swiss Seek Better Image in Germany After Tax-Cheat Cases

Switzerland’s ambassador to Germany said his country is working to improve its image after years of revelations that Germans used Swiss banks to avoid taxes.

United Kingdom – Amendments Make Important Alterations to Tax Treaty with Canada

The protocol was signed on 21 July 2014, and will come into force once the two countries have exchanged diplomatic notes and completed their necessary internal procedures to implement the agreement.

Mansion Tax problems – is there another solution? by Gary Heynes, Baker Tilly

After Labour peer Lord Winston raised concerns about the effect of the Mansion Tax on charitable giving, could Scotland’s new Land and Buildings Transaction Tax provide a suitable substitute?

Weekly Tax Brief - Baker Tilly

In this edition of Baker Tilly’s weekly round-up of the most important tax news, we cover the latest developments…

EU’s Juncker speaks about Luxembourg tax avoidance

The new European Commission President took political responsibility yesterday for Luxembourg’s role in helping global companies to avoid taxes, and Germany urged swift action to fight tax evasion in Europe.