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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.

FATCA wealth advisers are taking on the financial affairs of US taxpayers that banks and other financial institutions are finding too hot to handle.
FATCA wealth advisers are taking on the financial affairs of US taxpayers that banks and other financial institutions are finding too hot to handle. The Foreign Account Tax Compliance Act heaps regulations of financial institutions worldwide with US clients. The demands include declaring the identity and investment transactions of any US...
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...
FATCA Founded On Fear Won’t Deliver
is costing billions of dollars to set up and will only raise a fraction of that amount in taxes for the US government, but the controversial tax law looks here to stay. However, the news is not all bad, since US expats can mitigate their tax bills with a little...
Cyprus
British expats in Cyprus moved because of the sun, sea and…lower taxes; only to find they are sometimes paying more now than they would at home now bail-out austerity measures have begun to bite. Part of the deal with the Eurozone over bail out conditions was an increase in tax...
HMRC’s Fight Against Tax Dodgers Falls Flat
The British taxman’s attempt to tackle tax evaders with a rule of fear seems to have backfired. An official report reveals HM Revenue and Customs has failed to reach modest prosecution targets over the past two years and will fail to hit them if the current trend continues for future...
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...
British Wealth Managers Turn Away Wealthy Americans
Rich Americans can no longer find financial sanctuary with British wealth managers, who are turning them away because of new tax laws. The Foreign Account Tax Compliance Act (FATCA) is at the root of the problem. The new tax law that really begins to bite from January 2014 requires all American...
170 Countries Queue Up For Leaked Tax Cheat Info
A major data leak revealing the offshore banking details of thousands of tax dodgers from 170 countries to the US, UK and Australia could be handed out to other nations for investigations. Tax administrators from the governments of 45 countries recently met up in Moscow and heard how three tax...
Tax Man Cracks Down On Rogue Advisors
Tax advisors in South Africa must sign up with a supervising body to carry on giving advice in a bid to put rogue consultants out of business. The move has been made by the South African government to combat increasing problems with tax advisers offering duff information and fleecing clients. Now,...
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...
Companies To Feel Squeeze From International Tax Shake-Up
A bid to make tax evasion more difficult for rich people and corporations has taken a massive step forward as a slew of countries have signed up to a tax information sharing agreement. Growing numbers of countries are signing up to the OECD’s Multilateral Convention on Mutual Administrative Assistance in...
Lawyers are predicting the end of banking secrecy around the world as increasing numbers of countries bring in legislation to satisfy voters angry at claims of companies and the wealthy dodging billions in tax. The moves are being led by the US with the Foreign Account Tax Compliance Act (FATCA)...
HMRC letter photo
Prosecutions for tax dodging jumped by more than half last year as HM Revenue and Customs stepped up the drive against fraud. As a result, lawyers are warning taxpayers and businesses to put their finances in order to avoid HMRC prying in to their affairs. Figures released by HMRC show 240...