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In addition to the latest headlines on tax changes and developments, the Money International tax writers are also providing the tips, deadlines and scams you need to know to make the most of your finances.

News includes information on the latest FACTA developments from the USA, HMRC from England, and other updates from leading financial centers.

We’ll also keep you informed on sanctions and developments taking place within smaller countries – so you can understand the nuances which shape the tax landscape.

In essence, we provide you with the breaking tax news you need to understand how to protect and grow your wealth – wherever you are in the world.

Updates and analysis on the latest tax news, including economic advancements, FATCA and HMRC developments and general international tax information. Including the best methods of tax efficient saving and earning, and any important changes to legislation.

As the taxman readies to crack down on British taxpayers benefitting from offshore income and investments, here’s a look at the new rules and what offshore income is. HM Revenue & Customs (HMRC) is cranking up penalties and action against taxpayers failing to declare offshore income. From the end of December,...
Tax avoidance laws changing across the world have made sheltering money offshore a risky venture – but some countries still offer low taxes for expats. Financial firm Bradley Hackford has looked around the globe and pinpointed the top 10 least taxed countries based on tax, lifestyle, economic and political security...
A bid by the European Union to harmonise tax codes across member states has been welcomed by the Chartered Institute of Taxation (CIOT). The idea is to boost compliance and make it more difficult for citizens to mitigate their tax bills by moving assets between countries. Now the CIOT says the...
If you are an expat and want to ensure your wealth goes to the people you intend when you die, then you need to understand inheritance tax rules. You must remember is your place of domicile affects the inheritance tax (IHT) that you pay in the UK. The rule of thumb...
The tax man has set up a task force to tackle 700 leads to British companies and individuals whose names have cropped up in the Panama Papers. The team of investigators will come from HM Revenue and Customs (HMRC) and the National Crime Agency and Serious Fraud Office. Prime Minister David...
The latest update on the US Foreign Account Tax Compliance Act (FATCA) shows how the tax landscape across the world is changing. The progress of governments signing and negotiating FATCA pacts with the US is tracked by financial information firm Thomson Reuters. The organisation has just released a FATCA map of...
Prime Minister David Cameron’s proposal to raise the inheritance tax threshold to £1 million should come as no surprise to anyone familiar with Tory tax policy. The Tories came into power with a pledge to raise the inheritance tax threshold from £325,000 for an individual to £1 million but had...
Austria Back Tracks On Sharing Tax Secrets
Another bastion of banking secrecy has fallen as Austria has backtracked on previous refusals to sign up to agreements to swap tax information with other governments. The country’s Chancellor, Werner Faymann, says he will begin talks with the US to implement its Foreign Account Tax Compliance Act (FATCA) and join...
Proposals to give HM Revenue & Customs (HMRC) sweeping powers to lump together a huge backlog tax avoidance cases queuing for the courts have come under fire. HMRC wants to take sample cases before tax tribunals as examples of ‘follower’ cases and then apply the results en masse. However, the Chartered...
Investors looking for a capital gains tax loophole are steering towards buying classic cars. UK capital gains tax rules are specific about buying and selling cars – providing the purchase is an investment, any gain on the sale is exempt from capital gains tax. Many wealthy individuals are well-known for their...
A British couple who moved overseas but made regular visits to the UK of fewer than 90 days a year were still resident in the UK because they had not made a clean break from the country. Anthony and Sally Peck wanted to retire to the South of France after...
Sex workers are the latest targets for HM Revenue & Customs (HMRC) special task forces. Apparently JMRC has researched the adult sex industry in detail for the past few months and realised escorts, strip clubs and online pay-for-view adult web cammers are earning vast sums of money and not paying...
International tax experts are speculating that Canada is not really on board with the controversial Foreign Account Tax Compliance Act (FATCA) despite signing a binding treaty with the United States to stop tax avoidance. The Canadian government has carried on ‘will they, won’t they’ talks with the US for months...
Setting up an offshore company to save tax in the UK is not always an effective solution and can sometimes cost more to run than any tax that is saved. The idea is that if an offshore company generates income from UK assets, the tax paid overseas will be at...
Expats who have money or assets outside Britain can expect to start receiving letters from the UK tax man soon. Hundreds of thousands of letters are being drafted for expats who have returned to the country after spells abroad and for expats considered UK taxpayers who have had overseas assignments. The...