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Wealth News

Finnish Government Proposes Wealth Tax Hike

by Ulrika Lomas,, Brussels

Tuesday, September 15, 2015

The Government of Finland has proposed increasing taxes on high income individuals in order to cover the growing costs of harboring asylum seekers. Read Full Story


Colombia Reports Healthy Revenues From Wealth Tax

by Mike Godfrey,, Washington

Monday, June 22, 2015

The Colombian Government expects to raise COP5.4bn (USD2.1m) in revenue from the reformed tax on wealth this year, according to the Directorate of National Taxes and Customs. Read Full Story


HMRC's Clampdown On HNWIs Intensifies

by Robert Lee,, London

Friday, May 1, 2015

HM Revenue and Customs has intensified its clampdown on suspected tax avoidance amongst High Net Worth Individuals through its 'Rising Stars' unit, international law firm Pinsent Masons said. Read Full Story


Labour Promises To Scrap UK's Non-Dom Status

by Robert Lee,, London

Thursday, April 9, 2015

Labour Party leader Ed Miliband has pledged to scrap non-dom status if his party wins the May 7 general election, promising that "anyone permanently resident in the UK will pay tax in the same way." Read Full Story


Australia Rethinks Publicizing Company Tax Details

by Mary Swire,, Hong Kong

Friday, March 20, 2015

Tough tax disclosure laws introduced by the former Labor Government represent "an invasion of privacy and intrusion for Australian private companies," Prime Minister Tony Abbott has said. Read Full Story


UK Confirms New Air Passenger Duty Structure

by Jason Gorringe,, London

Friday, February 20, 2015

The UK tax authority, HM Revenue and Customs, has released an information brief on plans to substantially reform the structure of the UK's air passenger duty from April 1, 2015. Read Full Story


HMRC's Explains Relationship With High Net Worths

by Robert Lee,, London

Tuesday, October 28, 2014

HM Revenue and Customs has issued a new guide on how it deals with wealthy individuals and its efforts to ensure their compliance with tax rules. Read Full Story


HMRC Consults On Strict Liability Tax Penalties

by Robert Lee,, London

Tuesday, August 26, 2014

HM Revenue and Customs is consulting on the design of a proposed new strict liability criminal offence for those who fail to declare taxable offshore income and gains. Read Full Story


CIOT Concerned About Double Tax On Non Dom Loans

by Robert Lee,, London

Tuesday, August 12, 2014

Changes to the way that HM Revenue and Customs taxes loans secured by non-domiciled persons using foreign income and gains will lead to disputes over the true interpretation of the law, the Chartered Institute of Taxation has warned. Read Full Story


UK Mansion Tax Workable, But Not 'Fair:' UK200Group

by Robert Lee,, London

Monday, July 7, 2014

The UK200Group of independent accountancy and law firms has said that new figures from the Office for National Statistics should remove one of the main concerns that has been raised about proposals for a mansion tax. Read Full Story



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