July 29, 2015
The Expat section of the Wall Street Journal has this week run a blog entitled ‘Fatca Relief Coming for U.S. Expats Via ‘Same Country Exception’?
As a long-time outspoken critic of FATCA (Foreign Account Tax Compliance Act) – which is dubbed by lobbyists at RepealFATCA.com as the ‘worst law most Americans have never heard of’ – you can imagine my intrigue, and perhaps a bit of excitement too, as I began reading the blog post.
The Expat section of the Wall Street
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July 27, 2015
Investors must ‘China-proof’ their portfolios following China’s stocks plunging today the most since 2007. At close of business on Monday, the Shanghai Composite Index had dropped 8.5 per cent.
As I was quoted today in Dow Jones' Market Watch and The Express, amongst others, this decline highlights that the Chinese authorities may be reducing capital inflows after their frantic actions to support the stock market earlier this month.
Investors must ‘China-proof’ their
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July 24, 2015
In a recent deVere Group survey, the vast majority of Americans living overseas said they would vote for a presidential candidate in the 2016 election who pledged to change the citizenship-based tax system to residence-based.
These statistics are not surprising.
In a recent deVere Group survey, the vast majority of Americans living overseas said they would vote for a presidential candidate in the 2016 election who pledged to change the citizenship-based tax
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July 22, 2015
An article in City AM , one of the leading newspapers in London and the home counties, reports on research that shows the majority of individuals in the UK will face a shortfall in their pension pots.
It says this amounting to thousands of pounds each year, as they are severely underestimating how much they will require to live a comfortable lifestyle in retirement.
An article in City AM , one of the leading newspapers in London and the home counties, reports
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July 15, 2015
Additional taxes announced by George Osborne in last week’s Summer Budget will leave banks with a £40 billion tax bill lasting 10 years.
Latest figures reveal that the entire banking sector will have to fork out the massive sum due to five extra taxes, not including corporation tax and national insurance, going back to 2010/11 until 2020/21.
Additional taxes announced by George Osborne in last week’s Summer Budget will leave banks with a £40 billion
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July 14, 2015
China matters
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The Chinese economy is a big part of the global economy these days. We have to be concerned about the recent slowdown that led to recent stock market crash there. China today is 12% of global GDP, and 18% of global manufacturing, its simply crazy to a slow down in China doesn't affect the World Economy. General Motors sells more cars in The Chinese economy is a big part of the global economy these days. We have to be concerned about the recent slowdown that led to recent stock market crash there. China today is 12% of global GDP, and 18% of global manufacturing,
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July 13, 2015
Reasons to sort Greece Now
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In the same way as letting Lehman bros go to wall letting Greece would be a massive mistake.
1) the concentration will just go to the next country. Causing issues in Portugal, Spain and Italy.
2) confidence in the Euro will be undermined for years. In the same way as letting Lehman bros go to wall letting Greece would be a massive mistake.
1) the concentration will just go to the next country. Causing issues in Portugal, Spain and Italy.
2) confidence in the Euro will be undermined for years.
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July 9, 2015
It has been dubbed an ‘emergency Budget’ since it comes after the surprise Conservative election victory in May. With no election for five years, Osborne has been more willing and able to make tough measures that could upset people. This should be largely expected, however, it is somewhat surprising and disappointing that the Chancellor has delivered the first Conservative-only Budget since 1996 that is in parts a cap on aspiration, in parts delusional, and in parts naïve.
It
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July 1, 2015
I am wholeheartedly backing the move made by HMRC today to remove Australian superannuation funds from its official recognised list of Qualifying Recognised Overseas Pension Schemes (QROPS).
Despite the fact that Australian superannuation funds are stringently regulated, since the ‘pensions age test’ came into effect on 6 April this year, they no longer fulfil the requirements in order to be considered a QROPS, as they allow the over-55s early pension drawdown.
I am
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July 1, 2015
In the last few hours Greek Prime Minister, Alexis Tspiras, asked Eurozone authorities for a new third bailout fund, as the clock ticks towards the €1.55 billion debt repayment to the IMF tonight (Tuesday).
So has the PM actually yielded at the eleventh hour? Looking back over recent weeks, it's become gradually more evident to my mind that he actually wanted to leave the Euro, having rejected the last-minute deal by Junker, the head of the European Commission, and others, and
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