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

Do UK pensions now attract wealth tax in Spain?

This means that UK personal pensions and SIPPs (Self-Invested Personal Pensions) may now fall into the Spanish wealth tax calculation.

Swiss bank pays up to settle German tax evasion probe

A long-running dispute with Germany is fading now that both countries and others automatically exchange data about bank accounts.

Heirs to German Industrial Fortune Face $6 Billion Tax Bill

Payment may be largest in German history, magazine reports

Tax governance and the increased focus on TP in Luxembourg

Enrique Marchesi-Herce and Serena Picariello of Deloitte examine the interaction between tax, transfer pricing, and regulatory considerations for asset managers in Luxembourg.

Inheritance ‘a key financial pillar’ for most Brits

But only 14% are aware of the rules on IHT liabilities

Exchanges of information good news for tax administrations

GUERNSEY is among 12 jurisdictions to have begun exchanging information relating to businesses’ economic substance.

Ireland will resist global corporate tax rate, says finance minister

Paschal Donohoe says Dublin will not accept reforms that affect its ability to undercut its rivals

Weekly Tax Brief - 20 April 2021

Governments around the world are increasingly using taxation to achieve their environmental targets.

Beware the offshore tax crackdown: From holiday homes to secret Swiss accounts, HMRC is getting tough on Britons making money abroad

The offshore financial interests of millions of Britons have been handed to HMRC since 2018

Google used ‘double-Irish’ to shift $75.4bn in profits out of Ireland

Company moved money in 2019, prior to it overhauling its global tax structure

Luxembourg: Tax assessments: Pre-litigation and litigation procedures for corporate taxpayers

This article provides a brief overview of the key elements of the procedural framework for contesting decisions issued by the LTA, as applicable to corporate income tax, municipal business tax, and net wealth tax.

Does the tax advice sector need mandatory PI insurance?

Standards are ‘typically high’ but ‘issues can arise within a minority of mainly smaller firms’

RSM Weekly Tax Brief

The UK Supreme Court has recently released a favourable judgment regarding one potential trigger of this self-supply charge.

Tax sting for those returning to Blighty

This was when long-standing expats had no voting rights in what would go on to become one of the most impactful political shifts of a generation, and an election that would no doubt bear repercussions on their future living overseas.

UK Employer Reporting Obligations – Taxable Benefits

As an employer, it is important you are aware whether these new arrangements require you to return certain information to HMRC

Joe Biden: Could his tax plan affect US investment in Ireland?

But there's now a risk that the pipeline of investment from the US could dry up if President Joe Biden can lead a major change to global tax rules.

Sting in tax tail for British expat voters

Salter added: "It can be very difficult to break one's domicile of origin for example if one is born in the UK of UK parents.

Pandemic has delayed important tax planning decisions according to advisers

More than half of advisers (53%) polled also said they had clients who could benefit from tax efficient investments but had not yet engaged with them on the topic.

Weekly Tax Brief - 7 April 2021

So for businesses that have experienced a loss in the last year, getting your accounts and tax returns prepared early and filing these with HMRC could unlock a repayment of tax paid in previous years and bring some much-needed positive cash flow.

World Bank warns against 'high' global tax minimum

To US lawmakers, Ms Yellen has made the case that establishing a global minimum tax would allow the US to remain competitive, despite that increase.