Most expats are so worried about local health care standards in the countries where they are on assignment that they have emergency plans to go home if they fall seriously ill. New research found that 84% of expat men needed health care while living abroad, with 72% expressing concerns about standards and two-thirds ready to … Read more
World leaders are beginning to realise that there’s a lack of co-ordination over action to tackle the coronavirus crisis. Although doctors and academics are working together to make sense of data and come up with a vaccine, politicians are enforcing different sets of rules. In the UK, Foreign Secretary Dominic Raab has announced a three-week … Read more
Financial support is coming for freelance and self-employed expats who pay their taxes in the UK, Prime Minister Boris Johnson has promised. In his last Prime Minister’s Questions in a sparse House of Commons before Easter, Johnson announced ministers were “working as fast as we possibly can to get the appropriate package of support for everybody … Read more
Tax authorities around the world are warning expats to own up to offshore tax avoidance as a new international data sharing network is switched on to full capacity. The Common Reporting Standard links tax services in more than 100 countries. The way the network swaps data is simple. Each country sends every other network member … Read more
Neil Woodford’s demise as a celebrated fund manager has prompted many investors to diversify – but the problem is where to look for suitable investments. If you are making a single investment to spread across lots of different stocks, sectors and countries, then the Association of Investment Companies (AIC) has put together a list of … Read more
The collapse of the world’s oldest travel company Thomas Cook has left thousands of workplace pension savers uncertain over what happens to their retirement savings. Although the firm closed the door on the workplace defined benefit pension scheme some years ago, money in the funds of 13,000 current and former employees are impacted. The good … Read more
Red tape and the long arm of the US Internal Revenue Service are forcing one in five American expats to consider giving up their passports. In the first three months of this year, 1,018 Americans renounced the citizenship, and 250 of them blamed US taxes as the trigger for their action. The details come from … Read more
Buying and selling cryptocurrencies can be a minefield for taxpayers who fail to keep accurate records, according to a leading online trading platform. In Britain, HM Revenue & Customs (HMRC), online platform eToro and the accounting trade body ICAEW recently got together to offer tax advice to crypto traders in a webinar. The online discussion … Read more
Fraud investigators are bracing themselves for a record number of claims as thousands of investors are losing money to scammers. More than 8,000 frauds have been received by the police’s National Fraud Intelligence Bureau this year already. But one of the NFIB’s main tools for collecting data – the Action Fraud web site – was … Read more
An intense battle is going on behind the closed doors of a court in Florida, USA, to determine who could be crowned as the inventor of cryptocurrency Bitcoin. Satoshi Nakamoto is the name on the paper that first introduced Bitcoin to the world, but the shadowy figure has never come forward to collect the rightful … Read more