Expat Working Abroad News
Latest 10 news items tagged Working Abroad
15 Mar at 6 PM 2018
Expats pinning their financial hopes on digital currencies can take some encouragement from China and Russia’s begrudging acceptance of the online money.
Expatriates eager to invest in cryptocurrencies in spite of their unregulated volatility may have been offered some slight reassurance by Russia and China’s take on the wildly fluctuating crypto-coins. China, the planet’s second largest economy, was the first to comment via its central bank, saying an eventual move to a true digital economy is inevitable although policy makers...
15 Mar at 6 PM 2018
US expats who were hoping a miracle as part of the Trump tax reform would ease FATCA’s pressure on their lives are now deeply disappointed.
US citizens living and working overseas
were hoping against hope that continuing calls by US expat organisations representing both sides of the political divide might result in an easing of the hated FATCA disclosure laws and the USA government’s commitment to double taxation. Now that the Trump reform is out there and has been examined, tax lawyers are muttering about ‘smoke and mirrors’...
23 Feb at 6 PM 2018
Doctors in the UK are retiring early due to strict pension savings rules and an overload of work.
As thousands of EU nationals leave their NHS jobs for fear of their post-Brexit status, the worse news is that increasing numbers of their colleagues are retiring early and emigrating. Some 5,000 experienced medical practitioners a year are now heading to an expatriate life, whether for retirement or to take on new positions in a less challenging and more rewarding heathcare environment overseas.
The current state of the NHS and the...
11 Feb at 6 PM 2018
As increasing numbers of US citizens opt for expat life abroad, the IRS’s incompetence is causing serious problems with tax returns and compliance.
US expats living and working overseas
seem nowadays to be the undeserving targets of endless tax-related crackdowns and rule changes across the board, with compliance campaigns aimed at expats as well as outdated methods of communication which leave expats unable to be compliant however hard they try.
In the age of internet communications, the US tax authority is still committed to...
6 Feb at 6 PM 2018
Yet another hit at US expats living and working overseas
has emerged as a result of the controversial Trump tax reform bill.
Growing concern within the American expat community overseas is focused on the ‘deemed repatriation tax’ calculated on profits made overseas by US businesses, whether or not the gains are repatriated. The format of the tax has increased the risk for US expats with stakes in businesses overseas, as it’s possible they may qualify for ‘controlled foreign corporation tax status’ (CFC). To make matters...
28 Dec at 6 PM 2017
The Scottish government is to bring in a new set of tax bands likely to affect Scots expats who've retained tax-residence in the home country.
The move, expected to affect Scottish tax residents working overseas
in the oil and gas industry, will be introduced in April 2018 and is certain to be bad news for many expats. From the start of the new tax year, Scotland will have five tax bands as against the norm of three at present in place in England.The new measure was announced by the Scottish National Party as part of its draft...
7 Dec at 6 PM 2017
New research is revealing more and more expat professionals are unhappy with cuts to their relocation packages and are demanding a rerun of the ‘good old days’.
In spite of the growing trend in many former favourite locations towards employing local talent, experienced expats are digging their heels in for extensive lifestyle and medical benefits as well as a stronger focus on mental health, well-being and flexible working hours. Over the past several years, Western expats heading for the Gulf States and Asia have found both...
24 Nov at 6 PM 2017
Dubai’s British embassy is warning all UK citizens in the emirate to take more care when outdoors.
Between the annual increase of British visitors and UK expats taking advantage of the cooler winter weather, the streets and malls in Dubai are far more crowded than during the rest of the year. Scheduled events during the cool season such as this weekend’s Abu Dhabi F1 Grand Prix and the Dubai Rugby Sevens at the end of this month also attract a huge number of visitors.
In order to ensure UK citizens’ safety, the British...
24 Nov at 6 PM 2017
Campaigners in favour of repealing the hated FATCA law have presented an open letter to US Treasury Secretary Steve Mnuchin demanding lawmakers fulfil Trump’s campaign promise to get rid of FATCA.
The recent release of the Trump administration tax bill made no mention of any relief for US expats over citizen based taxation, nor any mention of Trump’s campaign promise to repeal FATCA. The controversial laws exposing international banks with US expat clients to US government oversight have resulted in huge problems for expats,...
21 Nov at 6 PM 2017
Spokespersons for groups campaigning for a change from citizen-based taxation to residency-based taxation are reassuring their expat supporters the possibilities for change are still alive.
Representatives of Republicans Overseas and American Citizens Abroad have been lobbying lawmakers ahead of the first reading of the Trump tax overhaul, seemingly with little success as residency-based taxation didn’t feature in the bill as it stands. Trump’s so-called tax reform bill passed in spite of strong opposition from Republicans as well...