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

Russia may reach for offshore assets with help of OECD

Russia could see a windfall of up to $6 billion in extra taxes if the government passes a bill to ratify OECD tax convention.

PwC launches Intergovernmental agreement monitor

The expected wave of intergovernmental agreements (IGAs) implementing the tax reporting and withholding procedures commonly associated with the Foreign Account Tax Compliance Act (FATCA) has begun.

Revenue scouring Facebook and Twitter for tax cheats

The Finance Minister Michael Noonan revealed to the Finance Committee that Revenue is sourcing out those involved in tax evasion or smuggling on the internet, and using 'predictive analytics'.

U.S. Treasury signs anti-tax evasion pact with Italy

The agreement came ahead of the implementation in July of a new law to crack down on offshore tax avoidance by Americans, the Foreign Account Tax Compliance Act.

German prosecutors probe Leumi clients over tax evasion - report

Leumi said it is aware of an investigation being conducted by the German authorities

Revenue clampdown on offshore trusts pays off

HMRC stepped up its attack on banks and other businesses that paid salaries and bonuses through trusts, ratcheting up an extra compliance bill for the 770 companies in the large business sector by 160 per cent to £533m in the year to April 2013.

Spain's Princess Cristina charged with tax fraud, money-laundering

After a lengthy investigation, Palma de Mallorca Examining Magistrate Jose Castro said in a 200-page ruling there was evidence that Cristina, 48, had committed crimes and summoned her to appear in court on March 8.

Offshore Act aims to tackle tax fraud in Bulgaria - report

Although this act is likely to further deteriorate FDI performance in the short term, it will undoubtedly improve Bulgaria's global investment climate in the long run, Global Risks Insights reports.

Google To Pay £24m UK Tax Charge

Google is to be hit with a multi-million pound tax charge by HM Revenue & Customs.

We should pay no tax, billionaire boss of Hargreaves Lansdown tells Government

The 67-year-old Conservative supporter said: ‘I never understood why companies should pay tax. They don’t have a vote. If they didn’t have to pay tax, they would come here in droves and employ millions of people who would pay loads of ta

Italy Stops Cash Payments in 2014 To Combat Tax Evasion

In the interest of increasing the traceability of payments in Italy, and thereby reducing the opportunities for tax evasion, cash payment for certain types of goods and services will be forbidden from January 1, 2014.

France approves 75pc company tax on €1m salaries

President Hollande's controversial measure receives the green-light from France's highest court

Four tax inspectors pursuing HMRC's most wanted

Labour criticised the government after the Treasury minister, David Gauke, admitted in reply to a parliamentary written question that four employees of HMRC are working to capture 124 tax fugitives.

KPMG to advise Vatican on international accounting standards

The appointment was made as part of a commission of inquiry set up by Pope Francis to clean up the Holy See's finances after the Vatican suffered a series of scandals in which it was accused of corruption.

India, San Marino sign bilateral tax treaty

The agreement is based on international standard of transparency and exchange of information and provides for exchange of information that is relevant to the administration and enforcement of the domestic tax laws.

Jersey Finance welcomes confirmation of removal from French list of non-cooperative jurisdictions

Jersey Finance has welcomed confirmation from the French Ministry of Finance that Jersey has been removed from France’s list of non-cooperative jurisdictions.

Deutsche Bank says not party to 'dividend stripping' tax issue

Deutsche Bank on Thursday said it did not expect to have to make payments to cover back taxes by clients, after some of its banking rivals ran into trouble over a tax rebate strategy known as "dividend stripping."

Deutsche Bank tax probe may be fault of IBM

Deutsche Bank's failure to turn over e-mails in a tax probe that led to the arrest last year of five employees may have been caused by errors at International Business Machines, which managed the bank’s data storage.

The complex tax lives of our foreign millionaires

Last year, the Italian was paid £1.8m, including a cash bonus of £1.4m. It was not an uncommonly good package by the his standards: the previous year saw him earn £2m.

U.K. Tax Agency Failing in Duty to Tackle Avoidance, Panel Says

The U.K. tax agency is failing in its duty to collect unpaid taxes and crack down on individuals and corporations who avoid paying the correct amount,