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

Glencore confirms Italian police probing 'tax evasion'

"All transactions were conducted in accordance with applicable Italian tax laws and on an arm's length basis between Portovesme and the Glencore Group,"

Financial transaction tax will have ‘significant implications’ for insurers - TMF Group

But despite suggestions of an overhaul, insurers have been warned the FTT is likely to have “significant implications” for the UK industry regardless of its final construction. Richard Asquith, head of tax at TMF Group

Four Baker Tilly partners join FRP Advisory

We are thrilled to welcome them to FRP Advisory as we expand the geographical reach of the firm whilst delivering the same consistent quality of service.

Germany, US Sign IGA On Tax Evasion

The IGA states: "the Parties are committed to working together over the longer term towards achieving common reporting and due diligence standards for financial institutions."

Vatican bank chief's priority: clean up reputation

The new head of the Vatican bank says his top priority is to clean up the bank's reputation,

Austria's 'SoKo' To Tackle Offshore Tax Evasion

Finance Minister Fekter aims to launch criminal proceedings against any Austrians suspected of having evaded taxes in Austria

Nine more countries sign deal to clampdown on tax avoidance

Big corporates have been accused of using techniques known as “base erosion” and “profit shifting” to move profits generated in one country to low tax jurisdictions.

Former Revenue boss lands tax-advice job at Deloitte

The rules of the appointment state that Mr Hartnett will not be able to lobby the Government on behalf of Deloitte for at least a year

US requests bank data from Julius Baer

The United States has increased pressure on Switzerland to find a lasting solution to the tax evasion row between the two countries

Tax avoidance worse by UK companies than US - Baker Tilly

While 9% of respondents thought US companies were avoiding paying tax, 17% thought companies in the UK were doing the same.

French budget minister warns tax evaders to confess now

Parliament will start in June to debate a draft law reinforcing tax oversight that foresees tougher penalties for evaders

HMRC Slammed On Tax Credits Errors And Fraud

The PAC also notes that 70 percent of lost revenue is thought to be due to taxpayer error rather than fraud.

Barber Titleys shifts focus with strengthened client team

Two new private client specialists have been recruited by one of North Yorkshire’s longest-established law firms

EU plans to remove banking secrecy to crackdown on tax evasion

When these results are available we will take a speedy decision

German state to buy more bank data in tax clampdown

The pledge comes amid a growing debate in Europe about tax evasion after the leaking of thousands of holders of secret bank accounts.

Italy Prime Minister slams 'hypocrisy' over tax fraud

Italian Prime Minister complained of "incredible hypocrisy on a European level

Credit Agricole seen challenging Emporiki tax verdict

The tax decision unexpectedly cost Credit Agricole 838 million euros

Nordic Countries Target Tax Evasion Ahead of EU Summit

A staggering 1 trillion euros ($1.3 trillion) is lost to tax evasion each year in the member countries of the European Union.

Tax Administration 2013: Comparative Information on OECD and Other Advanced and Emerging Economies

The series identifies some of the fundamental elements of modern revenue bodies.

Standard Life to pay platform rebate tax for investors

Standard Life will pay the tax directly to HMRC which means clients do not have to include the income in tax returns