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

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

Bulgarian government nod for draft double tax agreement with India

Bulgaria’s cabinet, at a scheduled meeting on March 19, approved a draft agreement between Bulgaria and India on the avoidance of double taxation and the prevention of income tax evasion.

Oman, Belgium sign pact to avoid double taxation

The Omani-Belgian Businessmen Forum on Wednesday major agreements here to strengthen business and trade relations between the countries.

Austria's SPÖ Seeks Tougher Tax Regularization Rules

Steßl suggested that a 5 percent surcharge should be imposed on undeclared assets above EUR50,000

‘French mini-FATCA’ fears as France goes after trusts

Tax experts who have been studying France’s new tax regime for wealthy individuals are likening its treatment of trusts to elements of America’s much-criticised FATCA regulations.

Several offshore zones suggest exchanging tax information with Russia

The deputy finance minister added Russia’s “reaction to the initiative will be positive, Russia will participate in the negotiations and will enter into agreements."

Greeks Among World’s Best Tax Dodgers

Hitherto, the consistency with which Greek citizens meet their tax obligations has perhaps not been noted by the rest of the planet as being among their strong suits.

Leeds United: Cellino found guilty of tax evasion

THE ownership of Leeds United was thrown into chaos this morning after reports that prospective owner Massimo Cellino had been found guilty of tax evasion by an Italian court.

Documents reveal Kurchenko’s alleged tax evasion schemes

The young Ukrainian ex-billionaire Serhiy Kurchenko, now widely suspected of being a front man for overthrown President Viktor Yanukovych’s family, clearly liked offshore destinations.

Jersey signs tax agreement with Belgium

Jersey and the Kingdom of Belgium signed a tax information exchange agreement at the Residence of the Ambassador for the Kingdom in London today