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

Seneca Partners launches IHT scheme

Seneca has advanced £10m to businesses already and expects to have a loan book of £20m by the year’s end

India-UK commit to jointly deal with tax evasion menace

UK and India remain committed to the Base Erosion and Profit Shifting project

Offshore tax dealings: celebrities and sportsmen in leaked Jersey files

In another major blow to international personal tax evasion, the names of over 20,000 wealthy offshore clients of a private bank in the Jersey island tax haven, have been leaked to the International Consortium of Investigative Journalists.

HMRC could access bank statements to collect unpaid tax

HMRC predicts the new measures would only affect about 17,000 individuals each year

Information on expats opening offshore accounts to be shared with HMRC

The UK signed its agreement with the US in 2012

A tax that defies the EU’s guiding principles

The BBA has today responded to the European Commission’s consultation on tax problems faced by EU citizens when active across borders within the EU.

Number of HMRC Raids Jumps by 12% as HMRC Steps Up Pursuit of Tax Evaders

500 property raids launched in the last year – managing to hit a new record high

AJ Bell calls pension tax freedom u-turn

Providers suggests measures to avoid tax avoidance at retirement due to new rules are not robust enough.

HMRC up front tax to trigger 'wave of insolvencies'

The potential impact of these new HMRC powers is so huge that an independent appeal process should be introduced

EU widens tax investigation into multinationals

The Commission continues to gather information on the tax practices of member states ... and this might lead to new formal investigationS

Russian authorities to offer tax amnesty for offshore companies

The Finance Ministry is pushing ahead with its program to entice Russian-owned offshore firms to repatriate capital.

Vatican financial watchdog signs accord with U.S. Treasury Department

This is the latest example of the authority’s efforts to build international cooperation and prevent a repeat of the corruption scandals

Spain Agrees With Dominican Republic to Stop Double Taxation

Spain taxes the worldwide income of residents and the Spanish income of non-resident

Tax exchange agreements are ‘redundant’, says IoM’s Allan Bell

They’ve served their purpose by stimulating FATCA, and that period of work was absolutely essential to lay the groundwork for the new global structure of tax information.”

Potential tax liabilities affects Catalyst Sipp investors

Standard Life will be contacting its Sipp customers with further details when the position becomes clear, the FSCS says.

Liechtenstein moves to shed tax-haven image

A global crackdown on offshore tax havens following the financial crisis and a 2008 wrangle with Germany over stolen bank data have forced the principality to come clean over its tax policies

SEBASTIAN SHAKESPEARE: Learn how to avoid paying tax - at Her Majesty's embassies!

Guests were offered free drinks and canapes as they were asked if they were liable for British inheritance and capital gains tax.

Putin signs law on providing information by Russian banks under FATCA statute

It is aimed at “creating legal conditions for information exchange between Russian and foreign financial institutions and tax agencies

Italy's increase of financial gains tax to become effective

On 1 July, the Foreign Account Tax Compliance Act (Fatca) will also be implemented in Italy

KPMG International and EY Global Limited announce that they have reached agreement

The agreement includes mutually satisfactory terms which, amongst other things, provides that as of 1 July 2014 KPMG 2014 and Accura Tax become the Danish KPMG practice and KPMG Denmark exits KPMG and joins EY.