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

EU Tax-Asset Moves Boost Banks While Sustaining Doom Loop

Greece is considering a similar move. All but Italy received bailouts during the debt crisis that included aid for banks.

Swiss completes tax-dodge payments to Britain, Austria

Switzerland said on Monday (Sep 1) that it had completed a programme to pay Britain and Austria hundreds of millions of euros in settlements for past tax-dodging by their citizens.

Wealthy Finns reveal hidden assets as Swiss bank secrecy comes to an end

Finnish tax authorities were taken aback last spring when dozens of Finns with assets stored in Swiss bank accounts requested corrections to their tax data to reflect undeclared income.

Seychelles commit to sharing tax information

The country becomes the 46th jurisdiction to join the initiative launched by the G5.

Cyprus: Double Tax Agreement Between Cyprus And Lithuania Now In Force

The double tax agreement between Cyprus and Lithuania, which was signed in June 2013, is now in force and will take effect from 1 January 2015.

Time running out to own up to tax avoidance

Expats who have failed to pay their taxes may find the attractive option of using the Liechtenstein Disclosure Facility blocked, thanks to changes made to it recently.

Arthur Andersen returns 12 years after Enron scandal

One of the financial world's most infamous names is making a comeback, more than a decade after a major accounting scandal saw it vanish.

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