Tax News - Emigrate UK Page 7
This is the category page for all Tax news here on emigrate.co.uk, where you can view all the Tax emigration news.
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
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
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...
US senator submits game changing bill to repeal FATCA
The hated and feared Foreign Account Tax Compliance Act came under attack a few days ago in Congress as a violation of expats’ privacy and sovereign nations’ laws. Republican senator Rand Paul, representing Kentucky, introduced the bill, stating in a letter to the house that the new law is destructive and unsuitable as a legitimate...
Expat tax exemption attracts wealthy pensioners to Portugal
The rush to migrate to Portugal since the beginning of the year is linked with the country’s new ruling on tax exemption for wealthy retirees. Since the new rules were introduced, more than 200 millionaire pensioners able to satisfy the Portuguese government’s handful of requirements have made the move, joining a huge number of Britons...
Expats in Cyprus in shock over government savings grab
Tens of thousands of expats, members of the British Armed Forces, second home owners and those in the process of migrating to Cyprus are in shock following the announcement of a tax grab on their savings. As part of the agreement on an EU bailout package for the troubled island, the Cypriot government agreed to levy a tax on all private bank...
French millionaire exodus swells with two more heading to London
Following the rush to buy property and establish residency in a small Belgian border town by the French ultra-wealthy including actor Gerard Depardieu, two more French billionaires are heading to London. CEO of France’s tech giant Dassault Systems Bernard Charles is as critical as those who’ve gone before him over the French...
UK pension law changes may affect future expat retirees
Two upcoming changes to UK pension law may seriously affect Britons nearing retirement and planning a permanent getaway as well as expats already living overseas. From April 2017, the weekly UK pension will rise to £144, but in order to receive the full amount, retirees must have worked in the UK and paid National Insurance contributions...
France?s richest man moves billions to Belgium
France’s richest man, billionaire luxury goods mogul Bernard Arnault, has officially transferred his fortune to a Belgian investment firm set up for the purpose. One of the first of France’s super-rich to buy property just over the Belgian border, Arnault had applied for his Belgian passport shortly after the Socialist Party came into...
Expat Depardieu raves at French President over tax hikes
Following his sudden migration across the border to a historic Belgian customs house, movie star Gerard Depardieu is busy attacking French President Francois Hollande for his tax hikes. The huge tax increases aimed at France’s wealthy citizens have resulted in the star vowing to renounce his French citizenship rather than pay 75 per cent...
