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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.

A US task force targeting banks allegedly helping tax dodgers has widened their net to more countries, a congressional committee in Washington has heard. The US Justice Department was thought to be focussing on Swiss banks - but the investigations have now expanded to other banks in India, Israel, Liechtenstein,...
HM Revenue & Customs (HMRC) has turned on the tap for accelerated tax payment notices by posting out more than 40,000 demands. The government aims to recoup £7.1 billion of tax sheltered in avoidance schemes by a change in the law. Now, anyone investing in an avoidance scheme must pay the...
HM Revenue & Customs (HMRC) has revealed the details of a new criminal offence aimed at trapping offshore tax dodgers. The tax man is urging people with undeclared income from offshore bank accounts and investments to come forward and settle their financial affairs or face prosecution. HMRC has launched a consultation...
Duty free shops are not the cheap havens for buying booze, perfume and trinkets that they are cracked up to be for many expats. Although at least one in three travellers browse the aisles in duty free shops, in many cases the prices are not the bargains they seem to...
July 1 marked a milestone in the implementation of the US Foreign Account Tax Compliance Act (FATCA) for American expats and financial firms serving them around the world. Although FATCA was passed by Congress way back in 2010, legal and political challenges have held up bringing the measure into full...
HMRC expert quits after tax avoidance scandal
David Heaton has resigned from his post as an HM Revenue and Customs (HMRC) tax adviser after appearing on the BBC's Panorama TV programme Tax, Lies and Videotape – part of a joint effort with Private Eye. In the documentary, aired on September the 16th, Mr. Heaton is seen expounding...
New HM Revenue & Customs (HMRC) financial profiling technology is sending out letters to taxpayers warning them to check their tax returns for errors because they are suspected of cheating the system by paying less tax than expected. HMRC also threatens that if the tax returns contain errors, the taxpayers...
Paying tax is more taxing in some leading economies than others, according to data released by the Organisation of Economic Development and Co-operation. The OECD is a talking shop for the world’s 35 leading economies, including the UK. The group’s 2018 Taxing Wages reportshows the OECD tax rate for a single...
US President Barak Obama needs to look in his back yard to find out where some of those missing millions of cash and investments are sheltered behind a veil of secrecy. Although the United States has pioneered a new world of tax transparency and compliance with the Foreign Account Tax...
Donald Trump says America is the most taxed nation on earth, but it’s just not true – plenty of other countries are vying for the title. Take his plan to scrap inheritance tax as part of his self-proclaimed crusade to reform taxes. To a family in Britain, France or Spain, that...
Many governments of the world’s leading economies are considering an eight-point plan to make the wealthy pay more tax. The Organisation of Economic Co-Operation and Development (OECD) has published a paper outlining the proposals recommending the reforms to the governments of the 34 nations the belong to the group. The OECD...
The courts have closed another bolt hole for British taxpayers looking to shelter their money in complicated avoidance schemes. Two company directors were found as acting negligently when looking to save money in a special scheme set up by Isle of Man tax planners Montpelier. Appealing to a First-tier tribunal against...
Just as the financial world is coming to grips with the implications of the Foreign Account Tax Compliance Act (FATCA), a new tax regime is coming into view over the horizon. Base erosion and profit shifting (BEPS) tax laws aim to combat individuals and companies shifting wealth around the world...
Tax authorities around the world are calling time on individuals and companies who try to shelter their money and assets offshore. Around 40 countries are about to enter into a United States Foreign Account Tax Compliance Act (FATCA) style tax information swapping agreement. The new global tax standard will be unveiled...
Expats working in the financial sector are easy targets for HM Revenue & Customs (HMRC) and can expect more attention from the tax man. Industry experts claim HMRC is targeting investment bankers, fund managers and executives at private equity firms as they have found them to be rich pickings in...