Expat Euro News

Latest 10 news items tagged Euro

19 Sep at 6 PM 2014

EU court rules against Spanish inheritance tax discrimination

Expats with properties in Spain and holiday home owners are to benefit by an EU court ruling allowing them the same range of tax relief options as Spanish citizens. Discrimination against non-residents as regards tax liabilities has long been an issue amongst UK expat property owners who spend time in both countries. By the use of tax relief options, residents’ taxes can be cut to around zero, but the same options have not been granted to part-time expat residents owning holiday homes. The European Court of Justice stated that...
18 Sep at 6 PM 2014

Expats in UAE shunning local banks for offshore accounts

A recent study has revealed that almost 50 per cent of expats working in the UAE prefer to put their savings in offshore bank accounts rather than in UAE banks. The survey, undertaken annually by an emirate-based financial comparison website, showed that 48 per cent of respondents were happier saving their spare cash in home country or offshore banks than in UAE banks. As a result, according to the authors of the survey, UAE banks are missing out on new business aimed at keeping expat residents’ savings in the emirates. Results...
15 Sep at 6 PM 2014

Scots expats missing out on momentous independence vote

Scots living or working overseas can only watch from the sidelines as the crucial independence referendum threatens to change their home country for ever. Hundreds of thousands of expat Scots are forbidden from making their feelings known about potentially their home country's most momentous decision in several centuries. According to many, watching and holding strong views but unable to make them heard is agony. Confusion, frustration and even homesickness predominate in Scots living in England, Europe or even farther afield, all...
8 Sep at 6 PM 2014

Expat students rejecting Saudi private unis for studying abroad

Saudi Arabia’s private universities are failing to attract expat student, most of whom are choosing to gain their degrees in overseas centres of excellence. According to local academics, only 30 per cent of expat students are taking degree courses at the Kingdom’s private universities. The majority are returning to their home countries to study, with high tuition fees given as the main reason. Saudi’s private universities are a convenient alternative for expat students who cannot be admitted to government universities....
5 Sep at 6 PM 2014

Expat and UK resident investors slate life companies over LMIM losses

As lawyers in the UK and Australia prepare court cases on behalf of victims of the largest financial scandal to hit Australia in decades, many are accusing life companies of a lack of due diligence. The failure of LMIM and its Managed Performance Fund (MPF) has devastated savers and investors in expat locations such as Hong Kong, the UAE, Thailand and the rest of Southeast Asia as well as many in the UK, Europe and Australia. Total losses are running at around AU$369 million, and investors have been warned to expect no more than five...
1 Sep at 6 PM 2014

LM expat investors launch lawsuits against FAs and insurers

Expatriates who lost millions due to the failure of the massive LM Managed Performance Fund, now declared a Ponzi scheme, are banding together to take legal action against dodgy FAs, pension fund trustees and their associated offshore life insurance firms. The LM scandal is now regarded as the offshore financial industry’s biggest mis-selling scam in several decades. Overall losses across Asia are estimated in the hundreds of millions, with many smaller investors now bereft of their life savings and pension income. Recent online...
25 Aug at 6 PM 2014

New online map charts British Curriculum schools across the world

A new, fully comprehensive map shwoing the location of schools offering the British Curriculum has been launched online and is aimed at helping expat parents world-wide to find the best international schools for their children. The British Curriculum is considered to be the prime educational system for UK expat children whose parents are or are planning to work in diverse overseas regions. It’s not offered at all international schools, but is essential for British youngsters who will be returning to the UK for further...
21 Aug at 6 PM 2014

Dubai companies report expats work less during the hot season

Given the number of expats from colder European climes who are living and working in Dubai, the news that workplace productivity declines in proportion to temperature increases is no surprise. Although new arrivals from the winter snows in many countries across Europe may think they’ve arrived in a warm heaven, once the summer highs of up to 50°C set in, they’re desperate to get relief on short breaks to cooler locations. The extremely high humidity of the average Dubai summer makes the heat even more unbearable. Expat experts...
19 Aug at 6 PM 2014

Losing investment cash to fraudsters is the 2014 hot topic for retirees

UK retirees living overseas are facing threats to their life savings from both the HMRC and the number of fraudulent FAs lurking in expat havens. Expat forums based in many favourite retirement destinations in Europe and Asia have indicated that the two top topics concerning the loss of pension pots are the triggering of heavy tax penalties by transferring cash between pensions and the likelihood of falling foul of fraudsters. Both fears involve mis-selling and bad advice by UK salesmen operating illegally overseas. For example,...
15 Aug at 6 PM 2014

Are British banks ridding themselves of their UK expat customers

Between five and six million UK citizens living overseas may be at risk of losing their UK-based bank accounts. Of the millions of UK-born expats living overseas, at least 800,000 are believed to be domiciled in European Union states as business owners, retirees or employees of foreign or UK-based companies. Creeping moves by British high street banks suggest that British citizens living in the EU or farther afield may no longer be welcome as customers. The recent cancellation by Santander of expats’ debit cards held on their UK...