Archive for the ‘Expat Tax’ Category

China continues forging ahead with tax reforms, raising the hackles of expats all over the country. The new social insurance tax, for example, is devouring 48% of some expats’ salaries, without providing much in the way of added benefits. Hence we read this income tax primer from China Briefing with great interest. It’s a handy […]

Moving your finances abroad is stressful, and many expats forget to ask the most important question: what do I need to do before I move and what can be done later? Our checklist helps you identify urgent actions–and will save you money, time and hassle in the long run.

2011 is drawing to a close and with it the tax year. In keeping with the seasonal spirit, the US government has given expats an early Christmas present: a revised Form 8938. The new form is an integral part of the Foreign Account Tax Compliance Act (FATCA), designed to punish tax cheats with overseas assets. […]

A double tax treaty recently inked by India and Switzerland grants Indian authorities the right to request information on suspected tax evaders for any period starting January 1st, 2011. This is one of just 70 tax treaties the Swiss have renegotiated since 2009, reported Simon Bradley at Swiss, shedding further light on the once […]

Two Julius Baer Group Ltd. client advisors were charged with helping American customers evade taxes, according to a recent Bloomberg report by David Voreacos and Giles Broom. The pair, Daniela Casadei and Fabio Frazzetto, are charged with conspiring to aid 180 clients in hiding at least USD 600 million from the Internal Revenue Service. American tax […]

The Spanish government has reduced VAT on new build homes, cutting it from 8% to 4% in an effort to stimulate the country’s struggling housing and construction industries. According to the most recent statistics new home sales in Spain are down 26% compared to last year. Government spokesman Jose Blanco described the measure as “extraordinary” […]

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 […]

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 […]

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