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

Jail for offshore tax evaders

The crackdown, which could make criminals of those ignorant of tax law or those who forget about assets, is contained in proposals made by HM Revenue & Customs earlier this month.

Step in the right direction for newly-qualified Baker Tilly Swindon associate director

STEP is a global professional organisation and members work with private clients to advise on issues such as inheritance tax, succession planning, advice on wills, powers of attorney, complex international matters, family business advice, trusts and proba

HMRC powers to raid bank accounts could see return to 'cash under the mattress'

Building societies are warning people will cash in their savings if HMRC becomes "judge, jury and executioner"

Deloitte slashes partner payouts by £17m

Business advisory firm cuts payments despite fourth consecutive revenue rise

Tax change could see expats sever ties with UK, expert warns

In this year’s budget, the government announced it would consult on whether entitlement to the UK personal allowance should be restricted for non-residents and how this might be done.

Strictly come dancing all the way to jail? by Andrew Hubbard, Baker Tilly

Read your local paper each week and you will regularly see details of individuals who have been prosecuted and fined for social security fraud: yet is it very rare to see similar reports about tax fraud.

Hong Kong signs tax information exchange agreement with Nordic nations

Norden said for constitutional reasons, the agreements have been signed on a bilateral basis

Making the domicile decision: key factors to consider when selecting an MSR - KPMG

In this edition of AIFMD Insider News, we examine the key factors managers will need to consider when selecting a Member State of Reference (MSR) in Europe.

Pension funds hot on tax dodgers’ heels

Corporate tax avoidance continues to grab headlines and has not escaped the attention of Europe’s institutional investors who are now paying much closer attention to multinationals’ accounting practices.

Germany-Israel Update Double Tax Arrangements

The convention, which was last amended in 1977, has been adapted to make it correspond to modern international tax law and current economic relations between Israel and Germany.

Tax fraud drains potential from Romanian economy

If all activity were taxed fully, national tax revenues would almost double.

BM&FBovespa to pay down debt under tax amnesty plan

The company said it remains in talks with the Revenue Service over a fine related to its booking of goodwill amortization at the time of the merger.

Liechtenstein Disclosure Facility (LDF) - HMRC Restricts Favourable Terms

The LDF was originally intended to encourage UK taxpayers with undisclosed assets in offshore accounts

UK To Clamp Down On Non- Disclosure Jurisdictions

Investors who move money to non-disclosure jurisdictions will be kept in check by new rules from the UK tax authorities, which plan to make it a criminal offence to evade offshore tax.

HMRC removes some advantages of voluntary disclosure - Withers

The original purpose of the LDF when it was launched back in 2009 was to allow individuals with assets in Liechtenstein and undisclosed tax liabilities to settle those liabilities with HMRC on exceptionally advantageous terms.

Expat campaign over banking rules

UK expats are being encouraged to write to the Competition and Markets Authority over their treatment by onshore banks, which are refusing to allow them to open accounts – or switch existing accounts to those offering better rates.

Dendias talks tax, funds in Germany

The talks with the German officials came two weeks before Greek ministers are due to meet troika representatives in Paris, where the issue of taxes is certain to be raised.

Osborne goes after offshore evaders

Some £1.5bn has been recovered from offshore tax evaders over the past two years.

Serbia To Protect Taxpayers' Rights Under FATCA

Serbia's Information Commissioner has warned that banks must have the full consent of customers before information is passed to US tax authorities under the terms of FATCA, and that it would be illegal for customers to be declined services if they re

The great pensions divide... How expats receive up to FOUR TIMES less, despite paying in the same

More than a million pensioners have retired abroad but more than half have seen their incomes shrink