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

Luxembourg US Intergovermental FATCA Agreement Signed

The Luxembourg tax authorities this morning announced that the intergovernmental FATCA agreement (model 1) between Luxembourg and the United States was signed on 28 March 2014.

Real estate tax update - Withers

The ATED is an annual tax charge of up to £143,750 on residential property situated in the UK worth £2m or more which is held by certain non-natural persons.

International efforts to combat tax avoidance got a boost today as OECD broadens dialogue with global partners

Over 330 senior tax officials from more than 110 jurisdictions and international organisations met in Paris on 26-28 March 2014 during the 3rd Annual Meeting of the Global Forum on Transfer Pricing.

Crackdown on tax avoidance and personal tax

"The rich are making the biggest contribution to the reduction of the deficit – because we are all in this together.”

India, Switzerland spar over access to bank accounts information

The Indian Tax authorities and the Swiss government could be headed for a showdown over what the Indian side regards as lack of co-operation from the Alpine country over access to information on bank accounts.

MPs tell Barclays' tax haven to get out of Africa

Thirteen MPs have tabled an early day motion condemning the "negative impact" of Barclays' offshore tax avoidance in Africa.

Luxembourg Supports New Savings Tax Directive

The EU 28 formally adopted the revised Savings Tax Directive on March 24, 2014

'Deoffshorisation' of Russian Economy: Draft Law on Controlled Foreign Company legislation and other measures - Withers

Implementation of the new legislation will provide the Russian tax authorities with legal mechanisms for taxing international corporate and private structures.

Vestra Wealth: Thousands of UK citizens could be caught under FATCA

Thousands of ‘accidental Americans' could be unwittingly caught by the Foreign Accounting and Tax Compliance Act from July, leaving them exposed to US tax liabilities, Vestra Wealth has warned.

Ghana and Denmark sign Double Taxation Agreement

Ghana and Denmark have signed a Double Taxation Agreement, moving the bilateral cooperation between the two countries to another level.

Budget throws M&A spotlight on UK funds sector

A radical shake-up of the UK's pensions and savings industry could be the trigger for suitors to look afresh at deals in the asset management industry, even if they can be hard to secure.

EU nations agree to combat tax evasion

All 28 EU member states have now signed up to an agreement to combat tax evasion after Austria and Luxembourg dropped their objections to a plan first mooted in 2008, officials say.

UK and Dutch employees working in Norway may suffer Norwegian net wealth tax

To pay Norwegian tax of 1% of the global net wealth including on the family house, cars, bank savings, shares, etc. situated outside Norway may come as a surprise for many foreigners working in Norway.

Cyprus: Cyprus And Norway Sign Double Tax Avoidance Agreement

The new agreement is based on the Organisation for Economic Cooperation and Development Model Tax Convention and provides for the exchange of information in accordance with the relevant articles thereof. The agreement will take effect once it has been rat

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