boniface venture aims at post fatca market
Pensions expert Keith Boniface has come out of a short-lived retirement to launch a joint venture which looks to target US expats in a post-FATCA marketplace.
Pensions expert Keith Boniface has come out of a short-lived retirement to launch a joint venture which looks to target US expats in a post-FATCA marketplace.
The UK Government today published details of its latest plans to ramp up pressure on tax evaders who hide money offshore, which include making it easier to prosecute them, with a prison sentence possible for those found guilty, even if, it is being suggested, they did not intend to evade taxes.
The UKs statutory residence test, which is a year old this month, has been described as a lonely beacon of light snuffed out by tax policy complexity, by a leading tax lawyer.
The revenue the UK Government will see in its coffers as a result of the Liechtenstein Disclosure Facility amnesty scheme "is likely to fall significantly short of its £3bn target", a UK law firm has predicted.
Following on from international accountancy firm UHYs news that Ireland and the UK are the two most expensive countries in the world for IHT, we take a look at some other expensive jurisdictions…
The UK and Ireland levy the highest rates of inheritance tax in the world, with rates many times higher than the global average, according to a recent study.
Advisers whose clients are among the 65,000 individuals and businesses said to be under investigation for having used UK tax avoidance schemes, are being told that they should begin urging these clients to line up the cash necessary to pay the disputed amount by early autumn.
Luxembourg has signed a FATCA agreement with the US, becoming the latest country to put in place legislation to manage the punitive tax rules.
Australia’s recently-elected Government has announced that it is to ''pause'' its plans to make changes to the former Labor Government's package of financial advice reforms, which have only just begun to take effect, amid growing opposition to the planned amendments.
Australia today has unveiled a new tax "amnesty" programme aimed at encouraging tax evaders with undeclared offshore assets to come in from the cold, with just a “heavily reduced penalty” to pay.
Time is running out for financial institutions wishing to appear on the US Internal Revenue Service's list of FATCA compliant companies, as the registration closing date draws ever closer.
Specialists who advise expatriates on their UK tax affairs have flagged up a possible threat to such expatriates’ personal allowances that was contained in Chancellor George Osborne’s Budget last week.