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

OECD updates criteria for blacklisting non-transparent financial centres

In order for a jurisdiction to be considered satisfactory, it will have to meet at least two of the above three criteria.

French town now ‘too rich’ to tax residents

The council reportedly has a large amount of resources it does not use, with only €5,000 ($5,850) of its €270,000 ($316,000) budget for public facilities being spent last year.

New research finds 40% of multinationals’ profits shifted to tax havens – EU biggest loser while US firms most shifty

The EU is estimated to lose 20% of its corporate tax revenue through profit shifting.

Moore Stephens highlights tech firm priorities

Our fifth annual owner managed business (OMB) report reveals remarkable resilience, with many OMBs performing better than expected last year.

New Crack Down On Offshore Tax Dodgers Ready For Action

The UK has 64 tax exchange agreements under the common reporting standard.

Kenya and Portugal sign pact to avoid double taxation

Avoidance of double taxation will create a conducive environment for investments and trade in goods and services between the countries

20 EU states dragging their feet on beneficial owner lists

The crown dependencies, which include Jersey and Guernsey, have a different constitutional relationship with the UK compared to the overseas territories

Establishing a Business Presence in the United States

The way ECI and FDAP is taxed and collected differs too.

Understanding Social Investment Tax Relief and how to make it work

It is a tax incentive modelled on the better-known Enterprise Investment Scheme

One Sector That’s Not Cheering French Tax Cuts

France's large charitable sector has been hit hard by Emmanuel Macron's changes to the tax code.

Offshore tax evasion: offences relating to offshore income

A conviction for any of these offences can lead to a custodial sentence for up to 6 months and, an unlimited fine in England and Wales, or a fine not exceeding £5,000 in Scotland and Northern Ireland.

Worlds biggest corporate tax haven its no paradise island

They began their research by comparing the profits made within a country to the amount of corporate activity.

Changes to the taxation of UK property for Middle Eastern investors

Capital gains tax will be extended to cover disposals of commercial real estate and to indirect disposals

Tax avoiding freelancers targetted in latest HMRC push

HMRC tells the paper that while they can return the unpaid tax in instalments, it expects the average of £50,000 in underpayments for each freelancer to be returned in full.

DAC 6 to give teeth to BEPS in the EU

DAC 6 to give teeth to BEPS in the EU - New disclosure rules for advisers and clients on cross-border transactions

Yorkshire expansion for accountancy firm

The firm is opening an office in Harrogate, in addition to its existing bases in Newcastle and Durham, which will become a focal point for its growing presence in Yorkshire and surrounding areas.

New 'profit fragmentation' tax rules could affect non-doms, says expert

HM Revenue & Customs (HMRC) believes that current anti avoidance legislation is ineffective against these schemes and so intends to implement new rules from April 2019.

Big Four, big influence: architects of corporate tax avoidance embedded in EU policy-making to fight the problem

The proposal intends to force corporations to pay tax where they generate profit, rather than shifting profits to tax havens, by requiring them to publish information on every country they operate in.

Tax Bulletin 2018 - UK Non-resident CGT - Update Following the Publication of Draft Finance Bill Clauses

The draft legislation contains the core provisions as laid out in the original consultation document, but with some changes following the consultation responses.

The Tax Dodge That Cost the German Treasury Billions

Prosecutors say dozens of banks and brokerage houses helped investors create massive returns for nearly a decade.