UK

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

British Wealth Managers Turn Away Wealthy Americans

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 citizens to report foreign … Read more

Categories Tax

170 Countries Queue Up For Leaked Tax Cheat Info

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 authorities had been handed the … Read more

Categories Tax

Euro Tax Link Up Aimed At Deterring Fraudsters

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 concept should also boost … Read more

Categories Tax

Spanish Hospitals Force Brits To Pay For Free Treatment

hospital bill

Spanish hospitals are refusing to accept the European health insurance card (EHIC) carried by British expats and holidaymakers, forcing the European Commission to step in and investigate. British insurance firms have lodged complaints since increasing numbers of Brits have been told by hospitals that they must pay for their treatment and claim the cost back … Read more

Companies To Feel Squeeze From International Tax Shake-Up

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 Tax Matters with 44 countries … Read more

Categories Tax

Brits Worried The Euro Is Ready To Implode

Euro

Just when investors thought the Euro crisis was over comes research showing that financially-savvy Brits say they are concerned about the collapse of the currency and what it means for them. The study by wealth advisors Towry revealed that 13% of Brits have Euro collapse fears, particularly now France is back in recession and the … Read more

Britain Grows Poorer While Expats Surge Ahead

Britain’s Open Invitation To The Most Talented Expats

Official wealth statistics paint a miserable picture of falling incomes and living standards in Britain while those in many popular expat destinations are doing much better. The report from the UK Office of National Statistics reveals that Britain dropped from fifth place in 2005 in a league table of household income to twelfth place just … Read more