Tax
June 19, 2015
I’m pleased to learn the latest push by lobby group RepealFATCA to revoke the highly contentious Foreign Account Tax Compliance Act, FATCA, and also of their opposition to the Global Account Tax Compliance Act, GATCA.
The most recent drive has seen RepealFATCA.com send newly announced Republican candidates, Jeb Bush and Donald Trump, a request for their endorsement of both the 2014 and 2015 resolutions by the Republican National Committee, RNC, calling for the repeal of
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June 18, 2015
This week it was revealed by the global media that Wal-Mart, the American multinational retail corporation, owns more than $76 billion of assets in overseas tax havens.
The story was covered by a whole host of media outlets, including Bloomberg, USA Today, the New York Post and many more.
This week it was revealed by the global media that Wal-Mart, the American multinational retail corporation, owns more than $76 billion of assets in overseas tax havens.
The story was covered
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June 3, 2015
As I have today been quoted in the media as saying, I’m of the belief that presidential candidates must justify their stance on the highly contentious Foreign Account Tax Compliance Act (FATCA) ahead of the 2016 election - and much more must be done to eradicate this toxic law.
As I have today been quoted in the media as saying, I’m of the belief that presidential candidates must justify their stance on the highly contentious Foreign Account Tax Compliance
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May 15, 2015
I’m pleased to see the world’s most read online news source is flagging up the horrors and flaws of America’s controversial Foreign Account Tax Compliance Act, or ‘FATCA’.
An article in the New York Times written by Stu Haugen, an American marketing, sales and general management expert, describes FATCA as an ‘American Tax Nightmare’. And, as you might know by now, I couldn’t agree more.
I’m pleased to see the world’s most read online news source is
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April 21, 2015
Should Labour win the general election on 7 May, I suspect considerably more of the estimated 7 million British expats around the world could consider abandoning their UK domicile status in exchange for a foreign one, following the party’s promise to scrap the non-dom tax status if they are in government.
Should Labour win the general election on 7 May, I suspect considerably more of the estimated 7 million British expats around the world could consider
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April 15, 2015
Within a week of Labour leader Ed Miliband announcing plans to scrap the non-domicile tax status should his party be elected next month, a significant number of Britain’s highest taxpayers are planning to exit the country if there is a Labour government.
As I was quoted in The Sun today - where, in typical tabloid style I was referred to as a ‘City bigwig’ – I am flabbergasted at how quickly individuals have reacted to Ed Miliband’s announcement to
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April 9, 2015
Labour’s plans to abolish non-domicile tax status, should they be elected next month, is as I have been quoted as saying in the media, reckless and irresponsible.
The opposition leader, Ed Miliband, announced the plans in a speech earlier this week, which to my mind is a wild, imprudent attempt to win votes through the politics of envy.
Labour’s plans to abolish non-domicile tax status, should they be elected next month, is as I have been quoted as saying
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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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