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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.

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...
English Premier League soccer stars face bills adding up to £250 million after pouring cash into a discredited tax avoidance scheme. Nearly 150 players are caught up in the scandal. Many face financial ruin if they cannot pay the massive bills sent out by HM Revenue & Customs. One former Manchester United household...
If you are an expat and want to ensure your wealth goes to the people you intend when you die, then you need to understand inheritance tax rules. You must remember is your place of domicile affects the inheritance tax (IHT) that you pay in the UK. The rule of thumb...
US taxpayers who have failed to declare their offshore money will lose the chance to confess to the Internal Revenue Service later this year. The IRS has announced that the Overseas Voluntary Disclosure Program will close on September 28. In the 10 years the OVDP has run, 56,000 taxpayers have owned...
Taxpayers with cash or assets hidden offshore have only a few months to disclose them before tough penalties kick in, warns HM Revenue and Customs. Later this year, HMRC proposes to change the time limits for investigating offshore tax cases to 12 years. “HMRC is extending the time limit because it...
taxes
A promise that cracking down on tax evasion through offshore havens would raise more than £1 billion has backfired. The UK Treasury and HM Revenue & Customs launched an attack on taxpayers hiding their wealth in secretive offshore banks and financial institutions such as Switzerland and Liechtenstein several years ago. The...
Funnelling money through an offshore tax haven is not illegal – providing the idea is not to hide the true extent of your wealth from the tax man so you pay less tax than you should. How international corporations and wealthy individuals keep their wealth offshore is exposed in the...
Around 3.6 million people are still to file their personal tax returns - even though the deadline is just a few days away. HM Revenue & Customs says they are expecting the returns and tax payments to come in before time runs out at midnight on January 31. Every year, around...
The Scottish government is introducing a new range of tax bandings that will see bigger tax bills for many expats who pay tax at home. Any expat who is tax resident in Scotland will pay income tax at the new rates from April 2018. The move could prove bad news for...
The tax man wants to target expat landlords with a new crackdown on avoidance. Revealing a new policy to shrink the black economy, HM Revenue & Customs has made clear landlords are in their cross hairs. The plan is to make granting property licenses conditional on landlords proving they are registered...
American Bitcoin traders are in the sights of the Internal Revenue Service for failing to report their trading gains. The IRS considers tax on a large share of up to $150 billion of Bitcoin trades should go to the US Treasury and is taking steps to secure the cash. The IRS...
A British couple who moved overseas but made regular visits to the UK of fewer than 90 days a year were still resident in the UK because they had not made a clean break from the country. Anthony and Sally Peck wanted to retire to the South of France after...
You may believe you are an expat because you have lived overseas for a while, but under complicated rules this may make no difference to your tax status. These rules are important because they determine if you are resident in the UK for paying tax on your earnings and capital...
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...
experts are warning that as many as 90,000 wealthy retired investors could lose significant amounts of money because they are not holding their investments in tax-efficient wrappers. The warning follows Chancellor Phillip Hammond’s grab for revenue from investors by slicing 60% off the £5,000 tax-free dividend allowance. The measure was announced...