Arsenal forward Alexis Sanchez has had his luxury four-bed house seized in Spain amid an ongoing tax investigation, with the Spanish authorities claiming he owes them €3.7m (£3.12m, $3.8m) in unpaid taxes.
Football legends Cristiano Ronaldo and Jose Mourinho are accused of dodging millions of dollars of tax by channelling money to offshore tax havens, according to leaked documents obtained by a number of media outlets.
Ireland’s controversial plans to impose a wealth tax on its super-rich, similar to other European countries such as France and Spain, may yield just €22m (£18.6m, $23.2m), according to a study by the Economic and Social Research Institute (ESRI).
Spain has unveiled a new rule which will require British expats to declare the money they have in Malta-based recognised overseas pension schemes (Rops) that allow ‘flexi-access’ in line with the UK’s pension freedoms introduced last year.
STM Group has entered into a conditional agreement to acquire UK Sipp provider London & Colonial and its subsidiaries for nearly £5.4m ($7.2m, €6.4m).
A deal to merge the fund management businesses of Italy’s UniCredit and Spain’s Santander has officially been called off.
Argentinean footballer Lionel Messi has been sentenced to 21 months in prison for tax fraud by a Spanish court after being found guilty of defrauding Spain of €4.1m (£3.5m, €4.6m) between 2007 and 2009.
Spanish-based insurance giant Mapfre, one of Europe’s top 10 insurance companies by premium volume, has rebranded its asset management arm and announced plans to expand into third-party business.
British expats living in Europe could be hit with higher rates of capital gains tax (CGT) on their homes if Britain decides to leave the European Union on Thursday, international IFA firm Blevins Franks has warned.
Barclays is continuing to offload its non-core operations, selling its Spanish pension assets and liabilities to Vidacaixa, S.A.U. de Seguros y Reaseguros, a member of the Caixa Group.
An EU investigation into a Spanish law, which requires every expat to declare all their foreign assets worth over €50,000 (£39,353, $56,762) or face heavy fines, may drag on for years, European advisory firm Blevins Franks has revealed.
The long-delayed deal between Italy’s UniCredit and Spain’s Santander to merge their fund management businesses has hit a further roadblock, with the Italian bank now on the hunt for a new chief executive.
