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

Seeking a more stable tax haven?

William Sweeney, senior manager in the tax technical team at accountancy firm, Menzies LLP, discusses options for international investors.

Greece: Corporate income tax reform includes corporate and withholding tax reductions

A transition provision will apply to legal entities that acquired shares before the new rules come into effect so that they are not adversely affected by the rules

UK tax collector brings in £45m via mediation

But a law firm flags worrying drop in how often it was used in 2018/19

Two simple tax changes could help the government meet its climate change targets by George Bull

Recent research suggests that councils are sitting on almost £2bn of art, most of which is not on public display.

Smith & Williamson delivers positive first half performance

The first six months of the financial year have seen strong revenue growth across most of our business lines, accompanied by further strategic investment in our core systems.

UK taxman overtaxed more than 460,000 people last year

And they were forced to submit refund claims to get their money back

TMF Group acquisition paves the way for new opportunities along the China-German economic corridor

We look forward to playing our part in building that proposition, working with our new colleagues and continuing to support German, European and other international businesses with their investments in China, and vice versa.

Distributions from foreign opaque trusts: new tax rules for Italian beneficiaries

Art. 13 inserts a new provision that will affect distributions operated from foreign opaque trusts to Italian resident beneficiaries.

Danny Murphy loses £1m Coutts tax avoidance battle

It is the second time in just over a year that Murphy has lost a legal battle with Coutts.

Warning tax change could spark outflows from property funds

This could lead to substantial outflows and heightened risk of further fund suspensions.

World’s superrich are renting London properties to avoid new taxes

There are currently more than 1,100 homes in London rented at over £3,000 a month, including a £40,000 a week, seven-bedroom house in Mayfair and a six bedroom Knightsbridge penthouse flat at the same price.

Billionaire Alexander Abramov's record under review after claims of links to tax haven companies

He ploughed millions into the 215ha seaside property and transformed it into a country estate with a gated luxury resort complete with a 25m swimming pool.

Taxpayer learns the hard way for unreasonable behaviour

An unrepresented taxpayer has received increased daily penalties at tax tribunal after appealing those penalties for non-compliance with an information notice. He was also landed with a bill for costs.

Danes lead renewed European push against so-called 'tax havens' such as Ireland

This potentially sets up a dispute with EU members Luxembourg, the Netherlands and Ireland, which widely use low tax and other sweeteners to host EU headquarters of foreign firms.

Greece offers impressive tax breaks to attract affluent foreigners

A senior government adviser not identified told the news site that the program was “loosely based” on Italy’s non-dom arrangement that was so successful it was extended to foreign pension holders who agree to live in local communities of

Offshore fund investors warned to check tax reporting

With two months to go before the 2018/19 self assessment tax return submission deadline, offshore fund investors need to check their tax reporting, before HMRC does, to avoid penalties

Greece woos the wealthy with plan for ‘non-dom’ tax breaks

Shipowners and entrepreneurs courted with incentives in Athens’ effort to revive economy

The long reach of EU taxation

Irish companies are facing significant new EU-led tax legislation and rules,” said Quinn

UK to introduce digital services tax

The US is threatening to impose tariffs on a number of French products such as cheese, champagne and handbags after France said it would impose a 3% digital services tax on technology companies.

12 EU states reject move to expose companies' tax avoidance

Proposal would have forced firms to reveal profits made and taxes paid in each EU country