A big concern for expat couples on assignment is which countries offer children the best start in life – and the UK and USA do not scorer well. Top of the listing from a poll of expats by CEOWorld magazine is South Korea, while the UK ranks 11 and the USA 36. Bottom of the list … Read more
IRS stands for Internal Revenue Service and is often known as the agency that collects taxes. But what else do they do? How did they start and what is their role in the taxes you pay. Check out this in-depth guide on the Internal Revenue Service and how they work. History The IRS dates back to … Read more
The Foreign Account Tax Compliance Act or FATCA is essential reading for US expats. The rules are aimed at stamping out tax evasion by American taxpayers who hide money or other assets in unreported offshore accounts. The US Internal Revenue Service (IRS) lists offshore avoidance as one of the ‘dirty dozen’ ways taxpayers try to … Read more
Many of the world’s biggest brands started life as spare room start-ups with the backing of venture capitalists taking a punt on making a profit. The roll of honour includes some of the most successful companies ever, like Google, Facebook, Hewlett Packard and Microsoft. Business angels offer expertise and to bank roll start-ups that they … Read more
The tax man is about to crack down on pension savers who have failed to report that they have breached the annual allowance. HM Revenue & Customs has fired a warning shot to retirement savers to bring their records up to date when filing their self-assessment tax returns by January 31, 2020. “We know that … Read more
Life expectancy in Britain over the past decade has dropped back for the first time in a century. A detailed survey highlights some ‘shocking’ health inequalities across the nation. The sad truth is that the poorer you are and how deprived the area where you live is, the more likely you are to spend more … Read more
Everyone wants their savings to work harder, and for British expats offshore bonds are a good way to squeeze every penny out of an investment. Offshore bonds are effectively a portfolio of up to 100 insurance policies that hold savings in a tax-efficient wrapper. The main advantage of saving into an offshore bond is ‘gross … Read more
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
Apple has released a new version of the iPhone aimed at offering a more affordable version of the market-leading smartphone. The iPhone SE starts at £419 – around half the price of many other iPhones. The device features a 4.7-inch retina display and touch ID for enhanced security. Apple says the iPhone SE is re-engineered from … Read more
Share prices around the world have dropped after a potential wonder drug for treating coronavirus failed medical trials in China. Medics have pinned their hopes on Gilead Sciences treatment remdesivir offering a respite from the pandemic. But researchers in China reported the drug had no discernible effect on coronavirus patients despite test results to the … Read more