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

FATCA update for UK trustees

Many UK advisers believe that the Foreign Account Tax Compliance Act only applies to UK trusts if there are US beneficiaries, settlors or investments.

Munich court hears Hoeness dodged more tax than he said

The president of German team Bayern Munich, who has admitted evading millions of euros of taxes, hid even more income than he said, a tax inspector told his trial on Tuesday.

Ex-Credit Suisse banker accused of fraud surrenders, set to aid tax-evasion inquiry

A former Credit Suisse banker surrendered to U.S. authorities Tuesday and plans to plead guilty to fraud charges

HMRC under fire over plans to force payment of contentious tax

Proposals by HM Revenue & Customs to group together similar tax avoidance cases have come under further fire from industry experts.

Celebrities in firing line as HMRC looks to recoup £1bn tax

Celebrities including David Beckham and Andrew Lloyd Webber could face a bill of £1bn after a film scheme they invested in is accused of tax avoidance.

Tiny Luxembourg blocks tax evasion law for EU

Luxembourg, a duchy of barely 500,000 people, was able to shelve the legislation for the 28-nation bloc and its 500 million citizens because the decision required unanimous approval at Tuesday's meeting in Brussels.

Bayern boss faces tax trial

He will face seven charges of evading 3.5 million euros in taxes

London HNWI buyers scared by tax changes

Even rumours of a so-called “mansion tax” were enough to stagnate the prime property market in London, a panel of experts heard today

Indiai posts officers in 7 nations to crack down on offshore tax evasion

India has recently operationalised seven new Income Tax Overseas Units (ITOUs) in countries like Germany, US and France.

Credit Suisse’s cloak-and-dagger tactics to help U.S. tax cheats used in Canada too, documents show

Canadians will be particularly intrigued with evidence included in the report that lays out the Swiss banking giant’s strategies for dealing with clients in this country.

Britain to scrap Bitcoin tax

The UK’s welcoming approach to Bitcoin contrasts with the approach of other countries, amid concerns about its use for tax evasion and money laundering as well as its notoriety for wide fluctuations in value.

US FATCA in the UK | Updated HMRC Guidance Notes released

These guidance notes supersede the version released on 14 August 2013 and reflect the contributions received from UK businesses and advisers prior to the updated US FATCA Regulations issued by the IRS and US Treasury on 20 February 2014.

HMRC to Tax Bitcoin 'Almost Identically' to Sterling and Other Currencies

HM Revenue & Customs has finalised its position on the taxation of cryptocurrencies such as bitcoin and will release a briefing to the public later this month.

HMRC’s Offshore Tax Avoidance Campaign

HMRC have launched a brand new offshore tax avoidance campaign, showing the strangely attractive eyes of HMRC leering at you through a map of the modern world.

Russia targets offshore investors

The Russian Finance Ministry will offer companies based offshore but with operations in Russia a choice: either disclose their ultimate beneficiaries and maintain their zero tax rate, or pay taxes at the higher Russian rate.

Tax biggest concern for European investors as market confidence grows

Rising taxes are one of the biggest concerns for investors in Europe according to a recent investor survey from Schroders, which also found confidence is growing among investors.

Belgium Urged To Manage Large Tax Evasion Cases

Insufficient funding for the Belgian justice system runs the risk that only minor cases of tax evasion are processed, Nouwynck said.

Cyprus and Norway sign agreement to avoid double taxation

Cyprus and Norway have signed an Agreement on the Avoidance of Double Taxation and the Prevention of Tax Evasion, concerning Income Taxes, as well as a relevant Protocol.

French Bank Account Regularization Requests Top 15,000

French Budget Minister Bernard Cazeneuve has told the National Assembly Finance Committee that almost 16,000 residents with undeclared foreign bank accounts have elected to regularize their tax situation in the last eight months, through a voluntary decla

BBC star aInvolved In 'Second-Hand Car' Tax Scheme

The tribunal, under Judge Colin Bishopp, described that evidence as "very brief and rather uninformative".