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

Tax Evasion Across The EU

In order to address the public outcry that has ensued, leaders within the European Union are searching for solutions that would crack down on tax fraud while creating a more cohesive tax system.

Cayman Signs 32nd TIEA Agreement

Caribbean Journal is reporting that The Cayman Islands has signed a tax information exchange agreement with the Republic of Malta.

Ex-Banker to Answer Charges in U.S.

The legal case is the latest turn in the U.S. probe of American tax evasion in Switzerland.

UBS Paris headquarters raided by French authorities in tax evasion probe

This is the second time police have searched the bank's premises since French prosecutors initiated the investigation in 2012.

Tax Probe at U.S. Embassy in Norway

Some of the evasion took place over several years on sums totaling up to two million kroner, the administration said.

Ireland Should Help Tackle Scourge of Tax Dodging

The Coalition has no plans to introduce a public register of true owners of companies.

Bermuda signs UK FATCA Intergovernmental Model 2 Agreement

HM Treasury will receive the information on those residents in bulk form and will be able to issue group requests for information in relation to recalcitrant clients of Bermuda financial institutions.

Europe’s Financial Transaction Tax Faces Challenges, PwC Says

Europe’s planned tax on financial transactions may fail to reduce market risks and could increase household costs

Switzerland seeks EU deal on tax evasion

Switzerland wants "to settle the past" with the EU and begin settling disputes over Swiss bank accounts hidden from European tax authorities

Tax Task Force Targets Hidden Offshore Cash

A new tax task force is sifting through the financial affairs of wealthy individuals

Special Report- How Germany's Taxman Used Stolen Data to Squeeze Switzerland

In the digital age, pen and paper are useful tools for intrigue.

HMRC targets salary sacrifice schemes in further tax avoidance clampdown

Troup also said that HMRC would tackle avoidance through an increase in the use of ‘nudge’ campaigns designed to encourage better behaviour by the taxpayer.

FATCA and charities by Withers

Overall, this is good news for UK charities and for dual qualified charitable structures

Germany's Schäuble Rejects European Wealth Tax

German Finance Minister Wolfgang Schäuble has vehemently rejected the idea of introducing a wealth tax in Europe, to balance out existing inequalities between the rich and the poor.

EY and KPMG to Merge Denmark Operations

The proposed agreement between the fellow Big Four members is still subject to regulatory approval.

Russian Investigative Committee proposes liability for offshore tax-evasion schemes

The problem of offshore zones was raised by Russian President Vladimir Putin in June, when he announced on the heels of the G8 summit that Russia would tackle the problem by drawing up a national plan to deal with such tax havens

Germany's taxman backs down in UK's worst case of identity theft

A British man who faced a crippling tax bill in Germany as a result of identity fraud has finally won his case with the authorities.

Global Forum moves towards automatic exchange of tax information and transparency

The international community has taken new steps to strengthen transparency and boost the comprehensive exchange of information between governments worldwide.

Tax Amnesty a Success in Netherlands

Taxpayers in the Netherlands have come forward in droves to square off their tax affairs via a tax amnesty before the government significantly hikes the fees and penalties for tax evasion and other illicit activities.

U.S. and France Agree to Cooperate More Intensively Against Tax Evasion

The agreement was signed in Paris by Finance Minister Pierre Moscovici and the United States ambassador, Charles H. Rivkin. It adds an important partner to the Foreign Account Tax Compliance Act