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

Main tax proposals in the new Dutch coalition agreement

This article summarises the most important tax proposals relevant to corporate taxpayers and property investors.

Global minimum tax rate: OECD publishes detailed rules

Countries are not obliged to introduce pillar two into their own domestic laws.

Lloyd’s boss says no need to fear global tax deal

The Bermuda market has credibility globally, brilliant talent in terms of its ability to execute for insurance and reinsurance, great distribution opportunities and still has capital and tax advantages, whatever happens.

Minister hails tax rules for multinationals imposed by EU

The rules were eventually voted through by a majority of EU finance ministers in June.

Greece: Strategic investment framework amended to comply with BEPS anti-abuse rules

More specifically, the current provisions of article 71A of the ITC were under review by the FHTP

SEB hit with €511m tax demand

The review relates to transactions that were carried out before a change in Germany’s tax legislation came into force in 2016.

Biggest IHT property headaches for UK estates exposed by FOI request to HMRC

Property can be tricky when it comes to estate planning

The VAT land exemption simplification call for evidence: HMRC’s response

HMRC recommits in the document to publish the long-awaited guidance on its view of dilapidations, overages, call options and rights of light.

Middle England faces 'perfect storm' of inflation and tax

Real returns are in negative territory due to inflation and low interest rates.

EU Finance Ministers agree on update of VAT rates

In addition, some reduced rates are allowed which can have potentially detrimental effect on the environment.

Dutch tax authority handed record fine for discriminatory data processing

An investigation found that the TCA had been unlawfully processing the nationality data of people who applied for childcare benefits for years.

Rise in UK tax suspected underpaid by large businesses

The figures include £8.1bn in tax believed to have been avoided through transfer pricing - the way multinationals allocate their costs and income between different countries.

Greece: Additional alternative tax regime guidelines for individuals becoming tax residents

Employment positions will not be considered reduced if a reduction in the number of employees during the relevant period is due to an employee’s voluntary departure

Belgium-Netherlands tax treaty to be covered by MLI

The amendments may have significant implications for Belgian and Dutch companies that are receiving income from or carrying out activities in the other country.

Euro Tax Flash - KPMG

EU Code of Conduct Group reports to ECOFIN

Entry into force of the amendment protocols of three DTAs

Protocol of 14 July 2020 amending the agreement of 10 July 2015 between Switzerland and tthe Principality of Liechtenstein for the avoidance of double taxation with respect to taxes on income and capital: entry into force on 1 December 2021.

Article 123 bis is given a new set of teeth to bite into offshore trusts’ profits

French Tax Bulletin: Article 123 bis is given a new set of teeth to bite into offshore trusts’ profits

New CSSF taxonomy fast track procedure

All Luxembourg based AIFs managed by an AIFM not authorised or registered by the CSSF, should apply the requirements imposed by the AIFM’s competent authority.

The pitfalls of over-reliance on economics research in corporate tax policy

The chosen approach was highly controversial even within the MoF. High-ranking civil servants found meaningful short-term impact unlikely.

UK asset holding company regime

A new elective tax regime for companies which hold investment assets as part of fund structures is being introduced in the UK from 1 April 2022.