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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.

The Internal Revenue Service (IRS) is warning taxpayers in America to watch out for this year’s dirty dozen tax scams. Every year, the IRS draws up a list of con tricks and bad behaviour by crooks and taxpayers. Just like Britain and Europe, the US suffers from a plague of scammers...
Did Apple hide EUR 1 billion from the Italian taxman?
In the world’s ongoing war against corporate tax evasion, Apple is now under investigation from the Italian judiciary, for alleged fraudulent tax returns of over EUR 1 billion of income. Italy has so far led multiple such cases against corporations active within its borders – culminating in the Italian fashion...
From July 1, 2014, the world is divided into two distinct halves – those confirming to the US Foreign Account Tax Compliance Act (FATCA) and those who are not. The United Nations officially lists 229 nations in the world. According to the US Treasury, 112 are either signed up FATCA...
While tax free lump sums have stolen most of the headlines for the new pension reforms, an almost ignored part of the rules provides a powerful tool for estate planning. The first step is deciding what you are going to do with your pension – is the money there to...
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...
Spanish tax authorities are targeting British expats in Spain who own property in Gibraltar. The government is stepping up pressure on expats with links to the British financial centre whose sovereignty has long been disputed by the Spanish. Finance minister Cristóbal Montoro is concerned that more than 6,000 expats with property...
HM Revenue & Customs (HMRC) is ready to target the wealthy with personal tax inspectors to help them with their financial affairs. HMRC has operated specialist tax offices for ultra-high net worth individuals with wealth of more than £20 million for several years, but now feels the time is right...
Tax cheats have less than a month to own up before HM Revenue & Customs (HMRC) starts receiving information about overseas bank accounts and investments from foreign governments. Financial Secretary to the Treasury David Gauke warned that agreements to swap data on British taxpayers with offshore holdings have been struck...
European FATCA On The Way To Simplify Tax
A European law compelling banks and financial institutions to reveal the financial details of their customers living in other European countries is a step closer after leaders said they would crackdown on tax dodgers. Using the controversial American Foreign Account Tax Compliance Act (FATCA) as a template, the European Union...
An accountant tried to magic up a £1 million tax saving for the actor who played Harry Potter’s best friend Ron Weasley in the movie franchise – but failed to convince the tax man that the move was legal. Actor Rupert Grint was reported to have been paid £24 million...
A leading pension industry expert wants the government to ditch pension tax relief and switch ISAs into lifetime savings accounts. In a move that would reverse conventional thinking about pension saving, Michael Johnson, a research fellow at policy think-tank the Centre for Policy Studies, is urging a complete overhaul of...
Opposition to Foreign Account Tax Compliance Act (FATCA) is not dead even though the first deadline for financial institutions to pass information about US taxpayers to the Internal Revenue Service (IRS) has passed. April 1, 2015 was the key deadline and tens of thousands of financial institutions in countries without...
The British tax man is asking foreign governments to chase down expats working overseas who have failed to pay the right amount of tax. Almost £6 million was raised for HM Revenue & Customs by foreign tax authorities in 2017. This was triple the amount raised from British expats in 2016...
January 31st is looming: Tips for 2012/13 self-assessment tax returns
HMRC has warned it will take a hard line with taxpayers who miss the 31st of January deadline for completing an online self-assessment tax return, which needs to be returned to HMRC along with any payments you owe for the fiscal year ending in 2013.   Whilst ten million individuals are...
Behind the scenes campaigning and election pledges that are yet to come to fruition do not mean US expats can ignore FATCA. Lobbyists have joined under the banner of the RepealFATCA website to influence Washington DC policymakers to scrap the Foreign Account Taxation Compliance Act, but their tireless walking of...