Finance


Free Independent Wealth Management seminars for foreign nationals

20 August, 2008 19:29  EasyExpat EasyExpat

HSBC offers a series of free Independent Wealth Management seminars for foreign nationals.
The next seminar presented by HSBC International Financial Advisers (UK) Limited (HSBC International) is in London on 17 September 2008 and will cover international tax and financial planning.

HSBC IWM Seminar - London 17th Sept 2008Are you a foreign national living and working in London? If so, there is every chance that you could enjoy a number of tax advantages that this status offers. But where can you get reliable advice and guidance on effective financial planning? This is where one of HSBC International’s free seminars could help you. Seminar details are given below.

The seminar, entitled ‘International tax and financial planning for foreign nationals’, will cover a wide range of topics that could be of benefit to anyone living and working abroad. In particular, how you can benefit from our independent financial planning advisory service. (More)

   


UK: end of the non-dom threat?

10 March, 2008 13:31  EasyExpat EasyExpat

Dating from the age of the empire, the non-domicile status was designed during the Napoleonic wars in the hope to get cash from workers in America. The law lets foreigners (and their British born children) claim a non-domiciled status and therefore put aside some of their wealth and income from Britain. Thus, 10% of the population living in Britain (bankers, but also east European workers) are entitled to use it , whereas the rest of the population are liable for tax on their income and gain worldwide. (More)

   


INTERVIEW: Financial Coaching - Paris, France

18 February, 2008 17:46  EasyExpat EasyExpat

Carmen - Financial Coaching - Paris, France

Carmen is managing a company in Financial Coaching, dedicated to expatriates and individuals in France.

Company:
FINANCIAL COACH – www.coach-financier.com

City - Country:
Paris - France

On which economic sector are you acting and what is its advantage?
My activity is devoted to Financial Coaching (advice) for individuals. The advantage is that my services are tailor-made.

Can you talk about your activity?
I’m sure that Financial Coaching can be useful for expats since French legislation for real estate (de-fiscalisation), and the French "financial" system itself may be complicated for a person who arrives in France to spend only a few years. (More)

   


Tax evasion: UK is targeting offshore accounts

08 February, 2008 22:38  EasyExpat EasyExpat

Threat of reality? According to the UK Daily Telegraph, Inland Revenue is carrying out a crackdown on people evading UK income tax by using offshore bank accounts, i.e. using their credit card to pay for living expenses in the UK.

The American Internal Revenue Service (IRS) carried out its own review on tax evasion through offshore accounts in 2002. Under the IRS rules, American taxpayers are liable for US tax wherever their income is generated. The rules is slightly different in the UK where the ordinary resident is only taxable on its income generated or spent in the UK (that is likely to change next April). (More)

   


Non-domiciled: our worst non-UK domiciliaries tax nightmare is happening

25 October, 2007 18:28  EasyExpat EasyExpat

British Tax - Inlande RevenueIn April 2007, non domiciled residents had a warning: filling in a self-assessment tax return they were, for the first time, asked to declare on what date they changed their domicile. They will also have to confirm if they have ever been domiciled in the UK as well as stating the date on which they came to live in the UK.

Following the proposal of the Conservative Party to tax non-domiciled residents, saying they would levy a fixed £25,000 annual charge on anyone claiming non-domicile status, the Labour government had been under pressure to bring in new legislation. (More)

   


More Tax for Americans Abroad

29 June, 2006 23:33  EasyExpat EasyExpat

The new "Tax Cut Package" from George W Bush looks actually like a tax increase for American expatriates. As expressed by the IHT actually, those expected to feel the most pain are expatriate workers who earn comfortable, but not lavish, livings and semi- retired workers earning some foreign income while drawing U.S. Social Security, pensions and other income from U.S. sources. Many of these expatriates will be pushed into higher U.S. brackets, as will employees and independent professionals in no-tax and low-tax areas like much of the Middle East, some Caribbean nations and Hong Kong.

The foreign-earned income exclusion is expected to be lifted to $82,400 in the new law and indexed to US inflation after 2008. However there are some new legislation proposed by a Republican Senator hoping to ease expat income tax and eliminate the cap on income that Americans working abroad can earn without having to pay both local and U.S. taxes on it, a change meant to bring the U.S. system in line with those of other industrialized countries.

On the other hand, the new law cap the exclusion for housing allowances (rent, utilities, insurance ...). It is currently calculated as 30% of the foreign-earned income exclusion, minus the 16% that would be paid in the US. With the new law it is more or less eliminated. (More)

   


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