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

The impact of withholding tax rules on Polish real estate transactions

Based on the forecast for 2019, the strong interest in real estate assets in Poland looks set to continue.

UK: Taxpayer Victory In UK Corporate Residence Case Involving Offshore SPVs

The boards of the three Jersey companies were comprised of three Jersey resident professional directors, and the secretary of Development Securities Ltd, who was UK resident.

Italian Tax Authorities Request Information From Switzerland On UBS Bank Customers

The purpose of the publication in the official Swiss Journal is to give to persons concerned the possibility to object to the disclosure of details on their personal account and receive a final decree ("Schlussverfügung") from the FTA inste

Govt told to hike capital gains tax rates

We want tWe want to encourage more people to save and investo encourage more people to save and invest

Ecuador, Serbia Ratify OECD's Multilateral Tax Cooperation Pact

The Convention is the primary instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters.

If governments fail to respect the rule of law, might taxpayers do the same? by George Bull

The recent HMRC letters tell contractors that, if they accept their contract was caught by IR35 rules, they should calculate their employee payroll tax

Cyprus And Tax Treaties

A bilateral tax agreement or Double Tax Treaty, is an agreement between two countries.

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.