Tax News - Emigrate UK

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Millions to renounce UK residence if labour win election

Millions to renounce UK residence if labour win election
In excess of seven million UK expats potentially could renounce their British residence if the Labour Party is victorious in May’s general election, claimed an international advisory. Nigel Green, the chief executive of De Vere Group, said should Labour win next month then many expats will require advice on whether changing their...

Singapore tax regime and lifestyle proving irresistible to wealthy migrants

Singapore tax regime and lifestyle proving irresistible to wealthy migrants
An increasing number of ultra-wealthy expats are relocating to Singapore for its friendly tax laws and top of the range lifestyle. The city-state now ranks in the Global Cities Index as the third-most attractive destination for multi-millionaires and even billionaires after London and New York. The who’s who of international Forbes’...

Switzerland proposes limits on number of immigrants

Switzerland proposes limits on number of immigrants
At the same time as a standoff with the European Union is about to begin, Switzerland’s government has proposed an annual limit to the number of immigrants allowed in. The Swiss government’s proposal, announced today by e-mail, sets out quotes and maximum numbers of immigrants allowed into the wealthy country. Although the scheme...

Thousands of expat Americans renouncing citizenship to avoid new tax laws

Thousands of expat Americans renouncing citizenship to avoid new tax laws
As the start of FATCA looms, Americans living permanently overseas are rushing to renounce their US citizenship. The IRS’s five-year campaign to uncover undeclared, taxable assets held by US expats is having an unexpected result, as many middle-income Americans living abroad are deciding to hand in their citizenships. Those who renounce...

International residency schemes make emigrating easier

International residency schemes make emigrating easier
A decade ago, there was little choice as regards residency abroad for those with a reasonable nest egg to invest, but nowadays it’s possible to choose between 20 countries’ special offers. Today, acquiring residency or citizenship in many attractive expat destinations is just a matter of buying property priced over a certain amount....

Tax tips for retirees planning to emigrate to a European country

Tax tips for retirees planning to emigrate to a European country
Amongst the many reasons retirees head form the UK to a friendly, somewhat familiar European country, tax regimes don’t play a major part, but can severely affect an otherwise enjoyable retirement Quality of life, cheaper property and cost of living as well as better weather and a ready-made expat community are all reasons to retire...

Destinations for US expats avoiding FATCA are shrinking fast

Destinations for US expats avoiding FATCA are shrinking fast
Would-be US migrants looking for a haven well out of the reach of the dreaded FATCA and the Internal Revenue Service are finding their options decreasing by the month. So many nations are panting to be included in the scheme, mostly to avoid a US withholding tax on their financial transactions taking place in the USA, that the US Treasury...

US Homeland Security Bill amendment hits at expat tax dodgers

US Homeland Security Bill amendment hits at expat tax dodgers
A proposed amendment to the new Homeland Security Bill is suggesting that expats who have renounced US citizenship to avoid US taxes should be banned from re-entry. Long-term overseas residents who are former citizens of the USA and have renounced their citizenship in order to avoid paying annual USA taxes on their overseas earnings will...

Expat group claims IRS is targeting Americans living overseas

Expat group claims IRS is targeting Americans living overseas
A Switzerland-based expat group representing American expats living overseas is claiming that the IRS is deliberately targeting US expats while ignoring its duties in the homeland. American Citizens Abroad, a Geneva-based group, is taking full advantage of the ongoing congressional investigation into the IRS by accusing the authority of...

Hong Kong immigrants in Canada rushing to return to Asian homelands

Hong Kong immigrants in Canada rushing to return to Asian homelands
A growing number of Canadian citizens originating from Hong Kong are turning their backs on their adopted country and going home. Recently-released demographic data tells the tale of fast-diminishing numbers of Asian-Canadian citizens, down by 32,000 in the last 17 years. Canada’s National Household Survey shows a total of 209,000 Hong...