Posts Tagged ‘expat taxes’

The Chancellor of the Exchequer, George Osborne, recently announced another raid on pensions. This time the target is tax relief on pension contributions. Incentives to keep retirement funds in the UK are being increasingly eroded. Experts predict that the already booming overseas pension transfer market is set to grow significantly as these proposals are implemented.

As Albert Einstein said, filing tax returns is “too difficult for a mathematician. It takes a philosopher.” When you move countries, you should check whether double taxation could be a problem for you. If there are overlapping tax years, you might be in for a nasty surprise. What is double taxation?

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. […]

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 […]

Expats have a lot on their plates when moving: housing, schooling for children, visas and permits… the list goes on. It’s no wonder many expats fail to make proper financial arrangements before relocating—a costly (and thoroughly avoidable) mistake. Below we’ve identified the 5 essential steps for effectively managing your finances abroad. 1. Open two bank […]

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 […]

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