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

HMRC opened 3,600 IHT investigations last year amid 'DIY tactics'

This is largely due to the nil rate band, the threshold above which IHT must be paid, remaining at £325,000 since 2009 without any adjustment to account for inflation.

European countries and US reach deal on unliteral digital services taxes

The UK, Austria, France, Italy and Spain had wanted withdrawal of DSTs to be contingent on implementation of pillar one, while the US wanted the DSTs withdrawn from 8 October 2021.

How Investec was a player in the world’s largest tax fraud (Part 2)

Investec issued these in its capacity as the pension funds' custodian bank.

Swiss Bank Under Tax Scrutiny in Germany

It isn't clear whether the investigation in Munich is widened to the bank, which didn't comment, or any employees.

Investec implicated in probes into the world’s largest tax fraud (Part 1)

Cum-ex is in the jargon of investment banking, a complex type of trading "strategy".

Country-by-Country Reporting – Compilation of 2021 Peer Review Reports

Inclusive Framework on BEPS: Action 13

Aviation: Belgium to introduce a boarding tax

While the tax is intended to combat environmental pollution, it will clearly help curb the budgetary deficit Belgium is currently facing, as the new measure should raise €30 million.

Will the global corporate tax deal really level the playing field?

MT Asks: Global leaders have agreed on a minimum corporate tax rate, but how will it actually affect business leaders?