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

Proposed UK asset holding companies marks tax change

The UK is looking to introduce its own holding company regime to rival Luxembourg and allow funds to base their investment structures here

ICAS urges the UK Government to improve tax administration in ten key areas

ICAS has published a new report, Tomorrow’s Tax Administration, setting out its top ten priorities for UK Government action to improve tax administration.

Opinion: The global tax revolution is coming

One hundred and thirty countries have reached an agreement on implementing a better system of taxation, under the aegis of the OECD.

How can HMRC encourage more co-operative relationships with the wealthy and their agents?

“Wealthy” being anyone with an income over £200,000 per annum or assets of over £2m.

Switzerland takes over presidency of Intra-European Organisation of Tax Administrations

The FTA has been a member of IOTA since 2006 and has been a member of the nine-member Executive Council since summer 2019.

Record pension tax take shows risks of moving retirement goalposts

These eye watering figures explain why senior clinicians in the NHS have chosen to stop work or retire due to the huge tax bills they are facing each year for breaching the AA.

French court rejects constitutional challenge by UBS in tax case

Lawyers for UBS argued in the appeals trial three months ago that despite whistleblowers coming forward

UK: Overview of the taxation of cryptoassets

Because of the volatility in the crypto market, actually valuing cryptoassets on disposal can be complicated.

Private client review for June

In this article, the June monthly update review for Tax Journal, Edward Reed and Mark Stichbury look at a number of private client developments.

Rising property prices mean more homeowners will be trapped in the 'inheritance tax web': Would you be affected?

Tilney, the financial planning firm, has issued a stark warning about IHT - saying rising property prices, along with the buoyancy of the stock market, could draw more people into the 'inheritance tax web'.

MALTA: Bargaining over global tax enters key stage

The proposal will then be taken up by the G20 club of wealthy and emerging countries at a meeting of finance ministers in Italy on July 9 and 10.

Germany: MOF publishes draft decree on tax treatment of virtual currencies and tokens

The draft decree provides some initial insights on how the tax authorities consider transactions involving virtual currencies and tokens.

Surge in workers unwittingly put into ‘tax avoidance’ arrangements

Supply teachers and agency nurses among those put into umbrella company schemes

New era of tax won’t end Ireland’s winning streak

Corporate tax changes will impact Ireland but they won’t change underlying dynamic

The Office of Tax Simplification publishes second report on simplifying Capital Gains Tax

The OTS has suggested significant CGT reforms across a wide range of areas, including moving home, getting divorced, and running or investing in a business

Germany buys Dubai data to track possible tax evasion

Der Spiegel Magazine first reported the purchase of a CD containing details of assets in Dubai

What could Gary Lineker's IR35 court case mean for contractors?

Explain steps to take when setting up contractual agreements

Bahamas Responds to G7 tax proposal

The Bahamas reasserts its sovereign right to determine the tax structure best suited for the ongoing development of the country.

HMRC confirms that donations made by waiving a refund or loan repayment are eligible for Gift Aid

HMRC has now made a further important update to its detailed guidance notes in relation to what it considers a donation, and what types of donation are eligible for Gift Aid.

'Treasure Island' tax havens face a tempest

The world loses out on $427 billion a year due to corporate and personal tax evasion, according to Tax Justice Network estimates.