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

France: 2022 finance law enacted

According to French accounting rules, an enterprise’s goodwill (fonds commercial) is deemed to be a non-depreciable asset unless the enterprise can justify a foreseeable period of use.

France: ATAD 2: Final administrative guidelines published

This article summarizes the key points raised by the guidelines

Double tax whammy risk for big pension withdrawals

As 61% of retirees accessed their pots without financial advice

EU publishes minimum corporate tax rate directive

Countries signing up to the OECD deal are not obliged to introduce the pillar two rules, but if they do so, they must follow the approach taken in the OECD model rules.

Britons warned about tax 'sinkhole' that could leave you paying thousands more

THOUSANDS of people are falling into a little-known tax ‘sinkhole' that could leave people paying more tax than they need to.

Just Group FOI request reveals regions where high house prices cause the biggest IHT headaches

Comparing the latest HMRC figures (for 2018/19) to the number of deaths recorded in each region that year suggests Inheritance Tax is due on about one in every 30 deaths (3.5%) in the UK.

French Budget targets trusts in low tax jurisdictions

It introduces an automatic presumption that the required 10% stake in the investment holding settlement is attained in order to tax its income and gains on a look-through basis.

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