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

France, Germany push for 'historic agreement' on global corporate tax rate

Big countries push ahead after objections from smaller jurisdictions

Ireland introduces higher stamp duty rate for bulk housing buys

The charge is a rise from the stamp duty normally charged on residential property in Ireland, which is 1% of a property value up to €1 million, and 2% on the balance of any higher value.

UK Capital Gains Tax regime is still not fit for purpose, and threats of CGT increases remains

The first report from the OTS contained quite radical proposals to change the CGT regime and align the rates to income tax, which was a policy direction rather than simplification, and the proposals could have actually led to more complexity.

Greece: Participation exemption for capital gains from share transfers clarified

The Tax Administration also clarified the following regarding the interrelationship between the participation exemption provisions

The Shift in Real Estate Trends

There now tends to be greater weighting to commercial real estate, with many residential properties moved to personal ownership.

EU says hefty Irish royalty flows show ‘aggressive’ tax moves

Such indicators are not in themselves conclusive proof that a country is being used for tax avoidance purposes, but they can contribute to a body of evidence that indicates that [aggressive tax planning] is occurring in a specific country.

European Commission communication on Business Taxation for the 21st century

The pending Common Consolidated Corporate Tax Base (CCCTB) proposal will be withdrawn in light of this new initiative.

Simplifying the VAT Land Exemption

The consultation represents an opportunity for clients to make representations to HMRC to simplify this area and it is perhaps an opportunity for the UK government to use the post-Brexit VAT landscape to make more use of the zero-rate to assist the govern

HMRC data reveals geographical divide in R&D tax claims despite ‘levelling up’

The HMRC figures, highlighted in the table below, illustrate a striking pattern in terms of year-on-year claim numbers.

Inheritance, estate and gift taxes could play a stronger role in addressing inequality and improving public finances

Inheritance Taxation in OECD Countries provides a comparative assessment of inheritance, estate and gift taxes across the 37-member OECD, and explores the potential role these taxes could play in raising revenues, addressing inequalities and improving the

Ogletree Deakins and KPMG Law join forces in a new alliance

Ogletree Deakins and KPMG Law in Germany are forming a global alliance.

Costs Risk in Appeals from the Irish Tax Appeals Commission

A recent High Court judgment considered the question of costs awards in these cases stated.

Inheritance tax: Families urged to have ‘grown-up version of birds and the bees chat’ to keep tax bill down

Money experts say sorting out your estate is a simple way to provide greater security to dependants

Spain’s New Tax Reforms And Some Important Changes That Will Affect You

The report sent to the European Commission lists the tax increases that it plans to put into force in the first quarter of 2023, which will bring Spain’s tax levels more in line with neighbouring countries.

Gary Lineker in £4.9m tax battle with HMRC over freelance earnings

UK authority claims TV presenter and former England footballer owes income tax and national insurance

U.K.—Tackling Tax Avoidance

Governments since then have (too-) occasionally paid lip-service to that Protocol, whilst often ignoring it in practice—most recently in last year’s retrospective anti-forestalling measures for the restriction of Entrepreneurs Relief, for exam

Expat nightmare: Britons in Italy warned 'taxes could rise by thousands'

BREXIT could see expats in Italy hit with extra tax duties as Britons in Spain already rush home.

Bitcoin joins Black Market Pesos and 'Hundi' on taxman's hitlist

All assets, including Bitcoin, have always had to be declared to HMRC if required

EY announces the acquisition of market leading personal tax services business

Our combined offering to US and UK private clients allows us to offer new services whilst maintaining and enhancing the exceptional service our clients have come to expect.

Taxing the digitalized economy

The so called “new taxing right” would be an overlay to existing nexus and profit allocation rules.