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

Tax & Brexit for EU and UK businesses

EU based businesses, which would prefer to operate in a constant and certain environment, are left having to guess how they will be able to transact with the UK once Brexit takes place.

Will a carbon-added tax help save the world? by George Bull

Taxes won’t cure all of the world’s ills, but they might help with some of them.

'Grand Theft Europe' — tax fraudsters reportedly stealing millions from governments

The "VAT carousel" rackets enable criminal gangs to steal millions from the state.

BoI and Ulster Bank used in tax fraud carbon credits trading

Leaked files reveal dealings by fraudsters abusing carbon credits trade without VAT 52 minutes ago

Shareholders snub UBS leadership over French tax conviction

A French court in February found UBS guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties.

Netherlands: Decree issued on state supervision of investment funds

According to the new decree, specific state supervision must apply to (the capital invested in) the fund, which could be the case if the supervision takes place via the fund manager’s licensing requirement.

HMRC to plough through huge levels of data under CRS rules

Despite these letters being sent and received, there is actually no statutory requirement to sign the certificates, or even to reply to HMRC at all.

Why substance matters by Rachel de Souza

The change applies to certain tax debts paid by employees and customers

More than 500 properties in Croydon owned by tax haven companies

Of these, 575 are owned by companies based in so-called secrecy jurisdictions, or tax havens – countries whose laws allow them to keep their financial activities private or to pay a low amount of tax.

Zurich Life Insurance Co. to Pay $5 Million for Client Tax Dodging

On at least one occasion, a Zurich policyholder who was convicted of a federal fraud offense used his policy to “hide substantial assets, despite owing approximately $900,000 in restitution to his victims,” according to the statement.

HMRC quadruples spending on private debt collectors

Increase comes as agency comes under pressure to maximise tax revenues

Tax relief loophole 'not cost effective' to fix

Mr Hammond said it was not cost effective to act on this anomaly, repeating the view previously expressed by John Glen, economic secretary to the Treasury, in front of the Work and Pensions committee.

Inheritance tax receipts to double by 2030

The provider based its figures on current revenue trends and assumed a continuation of the current regulatory environment.

Significant Changes in the 19/20 Tax Year by Penny Lovell

If you’re a parent or grandparent putting savings into a Junior ISA, you’ll also want to adjust the family’s contributions to ensure you’re making the most of the new limit, which has risen from £4,260 to £4,368.

Ireland is a tax haven — and that’s becoming controversial at home

For a long time, Ireland has used taxes to aggressively attract incoming investment. Now this strategy is being questioned.

VAT update: China confirms rate cuts and OECD sets out proposals for online selling

South African legislation which came into effect on 1 April 2019 is likely to have a major impact on foreign companies supplying electronic services to South African consumers and businesses.

Momentum launches SIPP for US clients

The US SIPP is administered by Momentum in the UK and is only available through regulated advisers in the United States and Europe, including FCA-regulated advisers in the UK, the company said.

American insurance giant AIG looks beyond Big Four for auditor

The company, which is audited by PWC globally, is understood to have looked outside of the Big Four for its UK auditor

Small guys feel picked on by taxman

About 60 per cent of medium-sized and large businesses agreed.

The interest of Monegasque residency in the context of international exchange of information

In maintaining this balance Monaco preserves its place as a privileged location in the heart of Europe.