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

Luxembourg tax reform for 2019: Part II

For a Luxembourg company with profits exceeding EUR 200,000, the aggregate tax rate will decrease to 24.94%[1] from 26.01%.

Raising corporation tax may seem like a vote winner, but it makes all of us poorer

The wrongdoing he had in mind is money laundering and tax evasion.

Backlog of tax disputes hits 28,800 as HMRC shows no let-up in pursuing tax avoiders

Backlog of tax disputes has risen for three years in a row

Clarifications on “portfolio management of investment in real estate”

All other services would be remunerated based on a lump-sum payment determined as a percentage of the rental fees collected by the management company for the immovable property comprising the portfolio.

IEA says attacks on tax havens undermine competition and privacy

IEA release report on offshore financial centres

HMRC blames carelessness for unpaid tax

HMRC stated it would tailor its approach depending on the type and size of the taxpayer or business it was dealing with.

RSM's Weekly Tax Brief - Tax and the Spring Statement

RSM’s weekly round-up of the most important tax news

Cayman dodges tax list but pressure persists

Officials from the Cayman Islands Ministry of Financial Services said that government was pleased Cayman was not on the black-list

Need for IHT advice underestimated

The Chancellor’s review into the inheritance tax system is welcome

Tackling tax avoidance, evasion and other forms of non-compliance

The government is committed to ensuring everyone, whether an individual or a business, pays their fair share of tax.

No Safe Havens 2019

HMRC’s strategy for offshore tax compliance.

Comment: Taxing times for IHT

Naturally, high net-worth individuals (HNWIs) have baulked at the idea they might be adversely affected by the reforms.

Scottish Labour leader promises to tax the rich

Leonard vows to take on landed classes in effort to re-kindle socialist credentials

HMRC issues warning on tax avoidance schemes

The communication stated: "HMRC is aware of more arrangements currently being marketed that also claim to avoid the loan charge.

Estate and gift taxes in Cyprus – planning is needed

Gift tax exists in order to prevent people from having an easy way to avoid or bypass estate tax.

A third of British billionaires have moved to a tax haven

Many have been awarded honours or hold titles, with at least one viscount, one baron, six knights and one dame among the billionaires.

‘The Magic Money Tree:’ From Modern Monetary Theory to Modern Tax Theory

In its crudest form, a central bank can use special papers, inks and a printer, to create money.

Are doublespeak and Brexit fatigue delaying Making Tax Digital?

New legislation will bring the VAT treatment of supplies of financial services to EU customers into line with the treatment that applies to supplies made to customers in the rest of the world.

Spain and UK reach deal to curb tax evasion in Gibraltar

The agreement sets out stricter rules to determine the fiscal residency of individuals and businesses

40% UK Inheritance Tax: What Omani Investor must know

As the shares of the company were not located in the UK they were considered to be excluded property and not within the scope (unless the individual was deemed domiciled in the UK through years of UK residence).