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

Google stashed billions in offshore tax haven

Tech companies like Google and Apple are well-known users of the strategy, which officials from each of the countries involved have moved to close.

Bereaved savers needlessly pay tax on inherited Isa cash

But data obtained from HM Revenue & Customs by Zurich under freedom of information rules show the entitlement has been claimed by just 21,000 people in the 2017 to 2018 tax year.

Netherlands puts Cayman on tax blacklist

The only criterion for the list appears to be that these jurisdictions have a corporation tax rate of less than 9 percent or no corporation tax at all.

Russia ushers in ‘Google tax’ on New Year’s Day

Prior to this, foreign companies were obligated to pay the VAT for providing electronic services only in the framework of transactions with individuals

Dutch add Guernsey, Belize and Isle of Man to tax evasion blacklist

From Jan. 1, 2021, companies registered in blacklisted jurisdictions will be subject to a 20.5 percent withholding tax on interest and royalties received from the Netherlands.

French government scrutinising company executives' tax affairs

Darmanin did not detail whether the French government had any particular companies in its sights.

IIA takes a fresh look at risk management model

The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.

Luxembourg/France tax treaty likely delayed to 2020

The French Senate approved the tax treaty on 17 December this year, and it has been sent to the French National Assembly for approval.

What you need to know about the annual allowance

List what impact the MPAA and tapered annual allowance has for advisers' clients.

Warning high taxes could quicken post-Brexit bank departures

“This report shows that the UK’s tax competitiveness has been substantially eroded relative to other financial centres to which globally mobile corporate and investment banks based here could relocate.”

Cyprus, UK sign double taxation deal on government service pensions

“The new UK-Cyprus Double Taxation Agreement is important because of our already strong trading links and close people-to-people links, which we hope to grow further in the future,” Lillie said.

Paradise lost: papers leak nets Irish Revenue just €400,000

Inquiry letters were issued in over 100 cases

Offshore tax-haven firms bag £18m of public money for Glasgow property developments

The Sunday Mail can reveal companies registered in the Isle of Man and Jersey were given publicly funded loans by the Scottish Government.

Shakira’s tax-evading Maltese company costs her millions more in fines

The shell companies were allegedly used “with the sole objective of hiding the income and assets of the defendant from the Treasury”.

More Banks in Crosshairs as Denmark's Tax Probe Is Set to Grow

Denmark “will of course look into this,” Business Minister Rasmus Jarlov told Bloomberg.

Overseas property investors already avoiding the UK even before extra Stamp Duty charge

The proportion of homes let by an overseas landlord in the capital has fallen 4.7% in the last two years alone, the data shows.

EU’s Expanded Tax Haven Blacklist Could Apply to U.S.

The standard calls on countries to obtain information from their financial institutions and automatically exchange it with other countries every year.

Tax treaties create $4.2 trillion cash flow through Netherlands

The main reason for multinationals to create a special purpose vehicle in the Netherlands is to lower their tax bill as far as possible", the researchers said, repeating a charge frequently made by tax fairness advocates.

Monaco’s tax lure endures as UK billionaire plots move

The principality doesn’t apply any annual property, capital gains or council taxes.

Denmark’s Tax Agency Targets 2,700 Nationals for Hiding Bitcoin Trades

Karin Bergen, the directorate at SKAT, confirmed that they are reviewing the figures as of now and will go after every individual that ignored to mention their offshore bitcoin trades.