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

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.

Austria: Tax reform bill includes proposals on taxation of cryptocurrencies for individuals

Taxes on income from cryptocurrencies that are subject to capital yields tax withholding would be subject to final taxation, i.e., the taxpayer would not be required to include such income in their income tax return.

Taxing times for real estate investors

Recapping the key changes that impact active investors

Germany Raids Big-Four Firm Over Swiss Tax

German officials raided the offices of PwC in Frankfurt over allegations of a Swiss tax scheme that may include current partners of the big-four consulting firm.

LV to be run from tax haven after £530m deal: Private equity predator registers shell company in Jersey

Private equity firms often use complex webs of offshore companies in the Isle of Man, Jersey and the Cayman Islands to take advantage of lower taxation and disclosure requirements.

E-News from KPMG's EU Tax Centre

Spain has two months to respond to the arguments raised by the European Commission, after which the Commission may decide to send a reasoned opinion.

HSBC faces struggle to attract bids from Big Four auditors

Bank fears size and complexity will hamper interest in tender worth $1bn over a decade

Expats alerted over wealth taxes in top European destinations

They are often seen as another way of collecting an additional layer of annual taxes like income tax from the wealthy.

EU formally adopts public CbC reporting

Subsidiaries or branches below the revenue threshold also will be required to publish their tax information if they are deemed to exist only to help the group avoid the new reporting requirements.

New tax regime for UK asset holding companies

The new regime includes a number of UK tax reliefs which we expect could be of interest to fund managers and investors in alternative assets.

Belgium: New special tax regime for expatriates proposed

This article summarizes the most important anticipated changes based on the draft text of the proposed legislation and related explanatory documents as approved by the Council of Ministers.

How your cryptoassets will be taxed in the UK

This means that investors found to be evading tax bills may incur severe penalties – further evidence for why getting your cryptoasset taxes in order is crucial.

Burges Salmon launches innovative new tax App ResiCheck

Firm launches ResiCheck, our App to guide clients on whether they are UK tax resident

Cryptocurrency tax gap widens as taxman sharpens skills

Tax under consideration is not tax owed or unpaid.

New tax information notice for UK financial institutions

The changes are intended to enable HMRC to deal more efficiently with requests for information from foreign tax authorities.

New tax information notice for UK financial institutions

Notices can be issued where HMRC is seeking information for its own enquiries, or where it has been asked for information by a foreign tax authority.

Your pension: a tax-efficient way of passing on your wealth?

For those planning to pass on their wealth to the family or other beneficiaries, the prospect of a 40% tax bill on their estate is an unwelcome one.

Tax surcharge on UK bank profits cut to 3% in Budget

Threshold on surcharge also raised to £100m to boost smaller challenger banks