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Some time ago Time’s Helena Bachmann observed a growing phenomenon among American expats: renouncing their citizenship for tax reasons. Bachmann’s story was written in the spring of 2010, and noted According to government records, 502 expatriates renounced U.S. citizenship or permanent residency in the fourth quarter of 2009 — more than double the number of expatriations […]
Expats living in Russia earn the most, with both the highest income and disposable income, according to HSBC’s 2010 Expat Explorer Survey. Russia was top of the heap when expat destinations were ranked by income and likelihood of owning more than one property, followed by Bermuda and Saudi Arabia. Singapore (the #1 expat destination in […]
Hong Kong’s Financial Services & Treasury Bureau (FSTB) said mainland China had confirmed tax procedures for mainland companies paying dividends to investors in Hong Kong. Dividends will henceforth be subject to a 10% withholding tax, according to the Chinese State Administration of Taxation. Said an FSTB spokesman: when non-foreign investment companies of the Mainland which […]
Skipton International Limited has launched a seventh edition of its popular 2-year fixed rate sterling account paying 3.25% gross/AER per annum. Accounts require a minimum deposit of GBP10,000 and all balances earn the same rate of return. The bond (which is being offered on a first-come, first-serve basis) will be withdrawn once it has reached […]
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