HMV Collapse Leaves Pension Fund £26m Short

The pension fund of music, movie and games retailer HMV is unlikely to see a penny out of the £26 million the fund is owed by the company – despite the administrators charging fees of around £15 million to sort out the collapsed firm’s financial affairs. Banks have also collected more than £38 million from … Read more

Europe Starts To Pull Out Of Recession

Europe Starts To Pull Out Of Recession

Recession is easing in the European Union, according to the latest official figures. GDP is up 0.3% in the EU and the smaller eurozone for Q2 2013, says the report from Eurostat. The figures are a real reverse on the figures for Q1 2013 – which was -0.3% for the eurozone and –0.1% for the … Read more

Pensioners Flog Family Jewels To Raise Retirement Cash

Pensioners are flogging the family jewels to finance their lifestyles in retirement, according to new research. Cash-strapped retires have sold off heirlooms and valuables worth an estimated £279 million that their families were expecting to inherit, says a study by finance firm LV=. The firm reckons 550,000 retirees have decided to sell off their possessions, … Read more

Putting A Value On Personal Financial Freedom

Putting A Value On Personal Financial Freedom

A bank asked rich American investors to define want they thought it meant to be wealthy and the answer was not really what was expected. Rather than put a figure on wealthy, the bank customers said the really wealthy are people who can live their lives without any financial restrictions. They explained that this did … Read more

Stampede For Abu Dhabi Homes As Deadline Nears

Realtors doubt that enough properties will hit the market in Abu Dhabi to meet a government deadline that public sector workers set up home in the emirate. They report a stampede to find the best homes is under way as thousands of workers have to relocate from nearby Dubai to Abu Dhabi to meet a … Read more

Expat Chef Deported For Being Overweight

A chef who has lost more than five stone since moving to New Zealand as an expat has been told he is too fat to stay in the country. The government has withdrawn his visa saying his weight may place too much demand on the nation’s health services. Albert Buitenhuis weighs in at 20 stone … Read more

14 Tips For Expats Going Back Home

If you are an expat who has decided to return home, then leaving gracefully is the order of the day – and that requires some planning. So here are some must-do tips – not in any order of importance – to help you break those expat ties: Do talk your leaving over with your boss … Read more

Private Banks Feel Heat In Financial Crime Crack Down

The battle to combat money launderers and fraudsters has turned away from the law to turning the legal screws on private wealth managers and banks. Governments seem to have given up chasing crooks and seem to concentrate instead on controlling how the organisations that manage their wealth do business because they are easier targets. The … Read more

Austria Back Tracks On Sharing Tax Secrets

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 several other European countries, including … Read more

Categories Tax

1700 Companies Apply For SEIS Investment Status

1700 Companies Apply For SEIS Investment Status

Investment tax breaks like the Seed Enterprise Investment Scheme (SEIS) have boosted the number of companies seeking private investors by 90% in the past 12 months. SEIS is just one investment program promising investors tax relief in exchange for backing for businesses. Others include the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT). According … Read more