February 24, 2015
The safety of final salary pensions has again been thrust into the limelight, with many individuals in their forties and fifties facing up to a 10 per cent reduction in their retirement incomes.
A recent article in The Telegraph highlights that five in six final of these supposedly ‘gold-plated’ schemes in the UK have fallen into difficulty and will face an uphill struggle to pay future retirees a full pension.
The safety of final salary pensions has again been thrust into
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February 16, 2015
At the time of writing this blog there are more than 300 readers’ comments to the CBS article “Record number renouncing American citizenship.”
The report features comments I made last week on official U.S. Treasury Department data that reveals that the number of Americans who revoked their U.S. citizenship reached an all-time high of 3,415 people last year - a jump of 14 per cent from 2013.
At the time of writing this blog there are more than 300 readers’ comments to the
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February 11, 2015
The U.S. Treasury Department revealed this week that a record number of individuals relinquished their U.S. citizenship in 2014.
Since the Internal Revenue Service (IRS) was granted unfettered and unprecedented access to U.S. citizens’ foreign bank accounts in 2010, the number of people forsaking their citizenship has been at its highest. The amount of renunciations also reached a record high in 2013, totalling 3,000, with last year’s figure representing a
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February 10, 2015
Last night’s BBC Panorama has sparked an international firestorm against HSBC.
After watching Panorama myself I am not surprised by this seemingly growing global fallout. Indeed, I share in the outcry which follows the programme’s claims that HSBC helped clients across the world evade tax to the tune of hundreds of millions of pounds.
Last night’s BBC Panorama has sparked an international firestorm against HSBC.
After watching Panorama myself I am not surprised by this
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February 9, 2015
The BBC will tonight (Monday, 9 February) broadcast a programme entitled ‘The Bank of Tax Cheats’.
Part of the Panorama current affairs series, it will undoubtedly make for interesting viewing for me because in my role as deVere CEO I am often called upon to debate and offer comment, opinion and analysis on topical tax-related news.
According to the BBC, “Panorama has seen thousands of accounts from HSBC’s private bank in Switzerland leaked by a
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February 6, 2015
Quite rightly, PwC, one of the so-called ‘Big Four’, is hitting back at conclusions drawn by the Public Accounts Committee (PAC) in a report released today. The document says the accountancy mega-group is offering tax avoidance schemes on “an industrial scale.”
Quite rightly, PwC, one of the so-called ‘Big Four’, is hitting back at conclusions drawn by the Public Accounts Committee (PAC) in a report released today. The document says the accountancy mega-group is
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February 5, 2015
The government’s impending ban on unfunded civil service pensions being transferred out of the UK is nothing short of a hammer blow to individuals who have served and continue to serve their country.
As from April this year, public sector workers with unfunded pension schemes will no longer be able to move them outside the UK, therefore drastically reducing important retirement options available to them.
The government’s impending ban on unfunded civil
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