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

Spear’s 2019 top tax advisers unveiled — ‘The UK is a less welcoming place for HNWs’

‘The Revenue are being as belligerent as they’ve ever been,’ says Victor Dauppe, a new addition to our top ten tax accountants.

Tax implications of separation and divorce

Following the end of the tax year of separation any transfers will be deemed to be at market value, as the divorcing couple will still be ‘connected persons’ up until the date of divorce (decree absolute).

Spending review could fix pension tax problem

AJ Bell is expecting key spending announcements in popular areas in a bid to win over voters as part of a warm up to a much-anticipated general election.

Tax system needs total overhaul to meet net zero carbon aspirations by Sheena McGuinness

The tax system in its current form of taxing income was introduced by William Pitt the Younger with effect from 1799 (obviously with updates, new legislation and amendments), so it is no surprise that the fiscal regime no longer dovetails with today&r

Can a wealth tax bridge Germany's divide between rich and poor?

Germany's Social Democrats are calling for nationwide wealth tax. Why is the idea gaining momentum, and is it the answer to bridging the growing gap between rich and poor?

Only 38% Of Tax Bonanza Is Real Money, Say Accountants

The main driver behind the extra cash collected is the loan charge introduced in April 2019.

Tax collected from HMRC investigations hits £13bn

The cash collected constitutes over a third of HMRC's £34bn compliance yield for the period, with the remainder being made up of future losses prevented; future benefit; product and process analysis; and accelerated payments.

Tax scandal: Iain Duncan Smith demands action after thousands of lives ruined by tax hunt

The Loan Charge was announced in the 2016 George Osborne budget and as a result, made any outstanding loans on April 5 this year taxable income.

France, Panama to launch bilateral body to fight tax evasion

While France and Panama already implement double taxation agreements, Paris is not satisfied with the information exchange.

Memo to the Chancellor: ten top tips to simplify the tax system by George Bull

Only around 55 per cent of UK adults currently pay income tax.

Tech giants back US probe into France digital tax

Facebook and Amazon are set to back US president Donald Trump’s probe into the French tax on large digital companies

Swiss justice charges tax avoidance whistle-blower with industrial espionage

The question at hand is how Seith got internal bank documents that allowed him to make the case against the Swiss banking system.

Tax investigations yield hits £13bn

Overall, almost two thirds of HMRC’s yield from investigations isn’t actual cash, it’s purely hypothetical and could just be a figure plucked out of thin air.

Fatca could push French banks to close up to 40,000 accounts

The Fatca international tax code was intended to clamp down on international tax avoidance, but many Americans living abroad have found it has also caused problems for them.

Luxembourg moves to enforce crackdown on tax-avoidance

Certain Luxembourg entities which are liable for corporation tax, including Luxembourg permanent establishments of foreign entities, will be subject to the legislation from 1 January 2020.

Luxembourg Government submits bill to Parliament implementing the EU Anti-Tax Avoidance Directive 2 into domestic law

Luxembourg taxpayer must be able to provide the tax authorities with any relevant documentation

Andersen Global Grows Austria Team

This collaboration will allow our firm to continue to grow and provide us with greater resources so that we can serve our clients even better, with more significant reach and expertise all over the world.

An end to the favourable tax treatment of partnerships? by George Bull

Income tax is the single largest source of government revenue

Ex-Grant Thornton U.K. CEO Sacha Romanovitch Has a New Gig

A 28-year veteran of the Queen’s Grant Thornton, Romanovitch took over as CEO of the firm in July 2015.

Bitcoin investors face tax crackdown from HMRC

HMRC is looking to work with exchanges when it comes to finding information on people who have been buying and selling crypto