Isle of Man To Automatically Exchange Bank Account Information

The Isle of Man, a popular offshore banking jurisdiction for expatriates, is to start automatically exchanging information on bank accounts with the tax authorities in the owners? country of resid

UK Taxman To Keep Closer Eye on Non-Residents

More wealthy people are expected to leave the UK to reside abroad and escape the new 50% tax rate for higher earners. Now the UK tax authority has warned that it will dig deeper to determine non-

Taxing Times Ahead: ?Tax increases for those that can afford them? (Alistair Darling)

In the mid-80s global tax competition intensified leading to a trend for cutting top marginal income tax rates. Today, largely thanks to the economic downturn, tax rates for higher earners are

Have We Beaten the Banking Blues?

In the US, confidence that the credit crisis is easing increased after the Treasury announced on 9thJune that 10 banks were in a position to pay back bail-out support received under the $700 bi

Offshore Bank Accounts and Tax Planning ? A Changed Landscape - Part 2

In Part 1 I covered the latest Organisation of Economic Co-operation and Development?s (OECD) commitment to heap further pressure on tax havens and help revenue bodies unlock substantial sums o

Offshore Bank Accounts and Tax Planning ? A Changed Landscape - Part 1

The simple fact is that banking secrecy is dead. Offshore banks are succumbing to international pressure and it is becoming standard practice for them to report susp

Investment Planning ? Back to Basics

Spring is in the air. After the flow of discouraging economic and market news through the winter, the outlook now appears to be sunnier. There is increasing optimism

Choosing A Financial Adviser

Many people take financial advice to protect their assets from tax and inflation, so that they can hopefully enjoy a long and comfortable retirement. What many Britis

Don?t let the investment tail wag the tax dog

It may not be absolutely clear at the moment whether stockmarkets and other asset classes have now hit the bottom and are starting to recover or whether the recent G20 summit demonstrated that

HMRC Gets Tough On QROPS Abuse

For many expatriates and those planning to become non-UK resident, the introduction of Qualifying Recognised Overseas Pensions (QROPS) has brought with it unexpected benefits for their deferred