Expat

The list below is a collection of articles that refer to, mention or discuss Expat.

No evidence FATCA infringes rights of Accidental Americans in EU

FATCA on a USA flag

Thousands of Accidental Americans living in Europe are not having their right to a bank account compromised by the US Foreign Account Tax Compliance Act. Under the Payment Accounts Directive, every European Union citizen has the right to open a bank account, but some banks have frozen or refused to open accounts for Americans because … Read more

Categories Tax

What is FATCA?

FATCA on a USA flag

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

Categories Tax

Expat Men Ready To Jump On Plane Home If They Fall Ill

Man in hospital bed

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

£3m Aid For Brits In Europe Applying For Brexit Visas

u and eu flag

More than a million British expats in Europe can dip into a £3 million emergency fund set up  to protect their post-Brexit residency rights. Charities and other expat support groups in the European Union can access the money with Brits living in Spain, France, Germany, Cyprus and Italy likely to benefit the most. The UK Nationals … Read more

Operation Airlift Underway For Brits Stranded Abroad

The British government is working with partner airlines to bring thousands of stranded travellers back to the UK. Foreign Secretary Dominic Raab has set aside £75 million to help pay for the airlift involving British Airways, Virgin and EasyJet. He is also calling for international collaboration between government and airlines to get marooned travellers to … Read more

Expat Landlords Get Buy To Let Mortgage Aid

The financial pain of coronavirus uncertainty for buy to let landlords has been eased by the housing minister. Secretary for Housing Robert Jenrick is extending a mortgage lifeline to landlords who pass on the help to tenants who cannot pay the rent due to illness or the loss of income due to the deadly virus. … Read more

Cost Of Living Overseas Is A Shock For Expats

expensive

The cost of living in a new country is a concern for many expats who find their bills are higher than expected. Half are forking out more than planned after moving, research by Axa Global Healthcare reveals. Expats with families are especially hard hit, with 40% shocked by the cost of higher education and one … Read more

Too Much Tax Leads To Expats Returning US Passports

Red tape and the long arm of the US Internal Revenue Service are forcing one in five American expats to consider giving up their passports. In the first three months of this year, 1,018 Americans renounced the citizenship, and 250 of them blamed US taxes as the trigger for their action. The details come from … Read more

Categories Tax

Best And Worst Cities To Live For Expats

Austria

The Syrian capital of Damascus is rated the worst place to live in after suffering from years of civil war, according to a new global survey. The city scored a measly 30.7 points out of an ideal score of 100 to come bottom from 140 cities in the 2019 Economist Liveability Survey. Not far behind … Read more

No Deal Brexit State Pension Bombshell For Expats

u and eu flag

The British government will safeguard state pension uplifts for expats in Europe for three years after Brexit – with future rises dependent on negotiating a new agreement. The hammer blow was meant to reassure state pensioners overseas, but has had the opposite effect. Around 222,000 British expats live in the European Economic Area (EEA), together … Read more