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

Offshore tax measures behind UK evasion spike

HM Revenue and Customs identified a 20% jump in serious tax evasion cases in the past 12 months, according to data obtained by law firm Pinsent Masons.

Retail millionaire to bankroll hunt for wealthy tax avoiders

For business, reputation is everything. And Britain doesn’t like tax avoiders.

KPMG said to review its audits of Middle East PE firm Abraaj

The accounting firm’s U.K. branch is looking into its examination of Abraaj and its related companies for any potential irregularities in the valuation of assets by KPMG’s Middle East division, the people said, asking not to be identified beca

HMRC unveils pension freedoms tax simplification move

The approach to taxation of pension freedom withdrawals is loaded in favour of HMRC.

‘Monstrous’ offshore bond tax regime ripe for review

The way in which the gains on such policies interact with the tax system is complex, and the OTS believes that this area of savings taxation warrants further review.

Perceptions of tax avoidance and evasion are out of step with reality

Businesses perceive tax avoidance to be more common than tax evasion, but that’s not what the evidence shows; so, are businesses just believing the increasing rhetoric from HMRC about avoidance? And will this impact views on the prevalence of evasio

Investment hubs lead to higher tax income and growth in developing countries

Investment hubs are jurisdictions that facilitate the flow of international investments, thanks to their stable legal and political environment, a sound financial infrastructure, and a professional ecosystem.

Saffery Champness Edinburgh Tax Team shortlisted in awards

Judging is conducted by an independent panel of experts, with additional research carried out by Edinburgh Napier University's Business School.

CRACKDOWN: Offshore hell for Gib’s fiscal fraudsters

The free riding foreigners were said to be living in luxurious residences on the Costa del Sol but were registered on The Rock to avoid paying income and capital gains tax.

Breaking Bad to the Paradise Papers: all you need to know about money laundering

The art of hiding money from the taxman is under threat from laws demanding greater transparency

Germany: New taxation regime for investment fund income as of 2018

As of January 1, 2018, reforms to the German Investment Tax Act significantly change the taxation of investment fund income.

HMRC’s handling of tax investigations under scrutiny by George Bull

It's an old question, but who investigates the investigators?

HMRC appeals Hargreaves 'discount tax' ruling

Fate of millions of pounds set to be returned to investors will hinge on verdict, as taxman appeals ruling in favour of Hargreaves Lansdown.

Real Madrid superstar Cristiano Ronaldo ‘wants club to pay £26.45m fine to tax office’ amid contract negotiations

Five-time Ballon d'Or-winner has reached a deal with tax authorities — but amount will be relevant to new salary in renewal

Concern about extension of time limits on tax investigations

At the Autumn Budget 2017, the Government announced that the assessment time limit for cases of mistakes or non-deliberate offshore tax non-compliance will be increased

International Tax Issues to watch

To manage their transfer pricing exposure, multinationals should review their existing transfer pricing policy on a global basis.

Luxembourg: Tax authorities to examine transactions with jurisdictions on EU list of noncooperative countries

The reporting requirement will apply for the first time in the tax returns to be filed in 2019 covering fiscal year 2018.

The Sackler files: How the tax haven of Bermuda played key role in £10 billion family fortune

While their opioid painkillers are manufactured in Cambridge, it’s this nondescript office block in the Caribbean that is the nerve centre of the Sacklers’ tax avoidance strategy.

Impacts of the new wealth tax on French property

Property ownership may be split into a life-interest (usufruct) and bare ownership.

Tax the old or tax the rich?by George Bull and Sarah Saunders

The Resolution Foundation has published the final report of the Intergenerational Commission ‘A New Generational Contract’.