ten of the most expensive countries for iht
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…
Tax & Regulation
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uk and ireland levy highest rates of iht in
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.
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warn clients in tax disputes to get ready to pay
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.
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luxembourg signs fatca agreement
Luxembourg has signed a FATCA agreement with the US, becoming the latest country to put in place legislation to manage the punitive tax rules.
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now australia postpones rollback
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.
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australia launches tax amnesty
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.
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deadline approaches for fatca compliancy list
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.
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possible budget threat to expat tax
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.
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only a brave man would bet on
Financial experts reacted positively to David Camerons proposed reform to the inheritance tax (IHT) threshold but doubted the reality of its implementation.
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chancellor uses budget to scare tax cheats
Legislation enabling HM Revenue & Customs to be able to demand upfront payment of tax it claims it is owed, but which is in dispute, was among a range of measures UK Chancellor George Osborne unveiled in his budget today.
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what the experts said the 2014 Budget
Cuts to the bingo tax and beer duty by George Osborne in his 2014 Budget yesterday gave the UK press something to feast on late yesterday and earlier today, while those whose annual job it is to analyse the significance of some of Osborne's other changes attempted to make sense of them.
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upfront payment of contested amounts
Legislation that would enable HM Revenue & Customs to be able, in certain cases, to demand upfront payment of tax it claims it is owed, but which is in dispute, was among a wide-ranging package of measures UK Chancellor George Osborne announced in his budget today.