Tax

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.

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

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Tax Man Cracks Down On Rogue Advisors

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, the South African Revenue … Read more

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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

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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

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FATCA Spells End Of Banking Secrecy

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) which forces financial institutions in … Read more

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Prosecutions Up 53% As Tax Man Gets Tough On Fraud

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 taxpayers and businesses were … Read more

Categories Tax