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

Tax system flaws leave professionals paying 60 per cent

Nonsensical' tax cliff-edge leaves families paying hidden marginal tax rates in system

Government to make offshore tax evasion a criminal offence

Currently HMRC has to demonstrate that even when someone failed to declare offshore income, that the individual intended to evade tax

Stern US Tax Evasion Law Targets Russian Banks

A US law designed to rein in offshore tax evasion by US citizens

Amendments to Cyprus-India double tax agreement to be finalised shortly

The conclusion of the agreement will resolve the differences between the two countries' tax authorities

Allowing HMRC to raid our bank accounts attacks individual freedom

The taxman removing cash from personal bank accounts is an abuse of power

Germany expects long-term tax revenue boost

The latest tax estimate predicts a dip by about half a billion euros in tax income throughout 2014 to be followed by a significant rise in revenues in the following years.

UBS backs Switzerland adoption of OECD information exchange deal

The declaration urged countries to implement a new single global standard on automatic exchange of information

German banks fear losing out to European rivals, hurt by back-up fund tax rule

Berlin pushing for other European countries to conform

HSBC first-quarter profit falls 20 per cent to $6.79 billion

HSBC Holdings' reported profit before tax fell by 20% in the first quarter to US$6,785m compared with US$8,434m in the corresponding period in 2013.

Irish tax haven activities rise in aftermath of 2013 Apple revelations

The transfer of tax residency to Ireland of large foreign companies usually only benefits big accounting and law firms

Russia Knows Europe Sanctions Ineffective With Tax Havens

Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe.

Cayman, Belgium Sign Tax Information Exchange Agreement

Cayman's 35th, provides for the exchange of information for tax purposes

Higher rate payers shoulder two thirds of Britain's tax burden

Tory MPs urge George Osborne to ease burden on middle earners after official figures show those paying 40p and 45p rate will shoulder bulk of Britain's tax bill in 2015

Oman, Spain sign agreements

The MoU will further enhance cooperation between our National Records and Archive Authority

KPMG warns Irish tax deals for global firms near an end

The days of global corporations exploiting Irish tax agreements to minimise their tax bills may be coming to an end

Behind big US deals in Europe: avoiding taxes

The large deals announced this week are fueled by these offshore cash piles

Swiss Offshore Tax Evasion Enabler Pleads Guilty

Josef Dörig, 72, of Switzerland, pleaded guilty today to conspiring to defraud the Internal Revenue Service in connection with his work as the owner of a trust company in Switzerland.

Italy Consults On FATCA Agreement With US

Failure by an FFI to disclose information on their US clients, including account ownership, balances and amounts moving in and out of the accounts, will result in a requirement to withhold 30 percent tax on payments of US-sourced income.

HMRC blunder leaves VCT investors in limbo

The wording in the rules falsely indicates that established VCTs could lose their tax-efficient status if they pay dividends to investors who bought shares in the new tax year starting April 6th.

Bulgaria, Romania to update double taxation agreement

Bulgaria’s Cabinet has approved a draft proposal to update the memorandum on avoiding double taxation with Romania