Europe
EU gives Spain two months to scrap ‘unfair’ expat fines
The European Commission has given the Spanish government two months to make Modelo 720 penalties fairer following revelations that fines issued for late or inaccurate tax returns can be as high as 150% of the undeclared assets.
Brexit database to be launched for British expats in Europe
University of Cambridge academics are compiling a database to enable UK expats living in the EU to receive up-to-the-minute advice throughout the negotiation process once Britain triggers Article 50 later this year.
Malta slammed over ‘aggressive’ tax planning rules
Some of Malta’s tax rules may be used in structures of aggressive tax planning, a new report by the European Commission has found.
Axa reports record revenues as CEO rules out Generali bid
French insurer Axa said revenues crossed the €100bn (£84bn, $105bn) mark for the first time in the company’s history as chief executive Thomas Buberl distanced himself from a bid for Generali’s German life insurance business.
Small cap funds – the golden boys of European equities
European equity mid- and small-cap funds have outperformed their large cap counterparts by a factor of five over the past two years.