Expat Working Abroad News

Latest 10 news items tagged Working Abroad

17 Jul at 6 PM 2018

Global expatriate totals to hit at least 87 million by 2021

By 2021, the total number of expatriates scattered across the world is expected to reach over 85 million. Expatriation in the present day is a far cry from its 19th century origins, when various wealthy empires sent their representatives to keep the natives down whilst plundering the resources of their lands. Huge numbers of present day expats also have money on their minds, whether it’s to send home to their families or to work overseas for a salary they could only dream of back where they came from. However, becoming an expat...
11 Jul at 6 PM 2018

Ensuring your financial plan for retirement is all it needs to be

If you’re planning to retire overseas, making sure your financial plans are adequate is essential. More and more older people are opting for a retirement in a warm, sunny, cheaper destination after having spent their lives working and waiting for an excuse to get up and go. For many, Brexit is that excuse, and increasing numbers of Britons are now heading for popular European expat hubs. Hopefully, the majority have made financial plans for their retirement, as the British state pension isn’t exactly generous. Nowadays, planning...
9 Jul at 6 PM 2018

Expat investors discover Brisbane real estate

Following a tough time in the sector, Brisbane’s real estate market is surging due to demand from expat investors. Over the past year, the Queensland capital has recorded a significant increase in the number of expat property purchasers attracted by bargain prices. Demand has risen by 6.7 per cent over the past 12 months, with real estate agencies reporting the vast majority of purchasers were expatriates. Houses in the upscale districts of Paddington, Indooroopilly and East Brisbane proved the most popular, with those looking for...
5 Jul at 6 PM 2018

Accidental Americans petition Trump for independence from USA

A campaign organised by a group of US ‘citizens by accident’ has petitioned Donald Trump to let them relinquish their accidental ties to the USA. Accidental Americans are those born in the USA, often to expat parents working in or simply visiting the country, who’ve never actually lived there long-term. According to the law, they’re still considered US citizens and are liable to be taxed as are American nationals living and working overseas. It’s estimated that around several million people may fall into the category, which...
19 Jun at 6 PM 2018

ING and Citibank stop lending to OZ expat property investors

Aussie expat investors are being cut off from mortgages by an international bank’s Australian subsidiary. ING Australia has announced it will no longer offer mortgages to expat Australians wishing to invest in home country property. It’s the second international lender to cut off credit to expat borrowers despite increasing demand from wealthy Australian nationals living overseas, with Citibank announcing the same cut off earlier this week. Australian property news websites are reporting the reasons behind the move are the...
6 Jun at 6 PM 2018

Survey shows US expats increasing anger over federal tax reporting

The proportion of US-born expats living overseas who resent being forced to pay federal taxes is increasing, with 20 per cent of respondents considering renouncing their citizenship as a result. The survey by a major US expat tax services firm notes some nine million US citizens are living and working overseas, with all still having to submit to the IRS’s federal tax reporting laws. Over 3,800 US expats took part in the study, with 68 per cent of respondents stating they should not be forced to submit tax returns once they’ve left...
24 Apr at 6 PM 2018

Accidental American protest groups want out

The IRS’s strict rules governing tax liabilities for US expats are hitting hard on the so-called ‘accidental Americans’ living and working overseas. In the bulk of cases, accidental Americans were born in the USA but moved overseas with their parents when they were still young children. They’ve made their lives in a foreign country, from education through getting jobs, paying their taxes, owning homes and having a partner and children, but the IRS still considers them Americans liable for FATCA taxation. As a result, their...
30 Mar at 6 PM 2018

Annual US expat tax survey might make interesting reading for lawmakers

An annual survey aimed at collecting the opinions of US expats on tax-related subjects including FATCA and expat tax reform is expanding its brief for this year’s study. The survey is being authored by a leading US expat tax specialist firm, perhaps arousing suspicions that the real intent is to garner yet more potential clients and topping up its already long list of 8,000 US expats. However, this year’s survey has been broadened to cover the effects of the Trump presidency on expats’ lives and tax liabilities. Taking place...
22 Mar at 6 PM 2018

Trump tax reform bill threatens UK expat SMEs with bankruptcy

Trump’s brainchild tax reform, now known as the Apple tax, was brought in to force major offshore corporations to relocate their huge piles of cash back onshore but is now threatening American expat SMEs with bankruptcy. Those at risk own 10 per cent or more of an offshore company or pay themselves via a company for tax purposes. American citizens living overseas, especially in Asia, often earn a sole living as consultants, and small family businesses are also in the firing line. Equally likely to be targeted are ‘accidental...
20 Mar at 6 PM 2018

Tens of thousands of Irish expats called home for abortion referendum

Citizens of the Republic of Ireland living and working overseas, are being urged to return to the Emerald Isle in order to vote in the abortion referendum. The Home to Vote campaign is stepping up its call to the Irish diaspora in the UK, USA, Canada and Europe to come back to the home country to vote in May’s historic abortion referendum. Although the request may sound crazy to non-Irish expats, there’s a precedent for the call in that thousands of Irish did exactly that in order to vote on the 2015 same sex marriage bill. The...