Expat Working Abroad News
Latest 10 news items tagged Working Abroad
9 Sep at 6 PM 2019
Thailand is now at a new low in this year’s Expat Insider survey.
Once a favourite for expat professionals as well as Western retirees, this year’s survey saw it fall by seven places over the 2017 result to 25th out of the 64 countries represented in the study. To make matters worse, its next door neighbour Vietnam soared, winning out as the world’s second most popular expat destination. Respondents to the survey are asked to score various aspects of their present location by rating 48 factors, with the results condensed into...
6 Sep at 6 PM 2019
As reports continue to come in about worldwide extreme weather phenomena, are expats in Greece wondering if their choice of climate should be reconsidered?
Awareness of the fact of climate change is now growing as extreme weather reports coincide with scary analyses of melting polar ice, soggy permafrost and other previously unreported manifestations of climate instability. Amongst recent headlines were massive flash floods due to hailstorms in Spain, record-breaking temperatures across Europe, Hurricane Dorian’s destruction of much...
30 Aug at 6 PM 2019
Johnson's proroguing attempt to negate parliamentary efforts to stop a no-deal Brexit may result in a snap election if justices rule its use is unconstitutional.
Just as expats on both sides of the English Channel thought things couldn’t get any worse – they did, due to Boris Johnson’s proroguing of the parliamentary procedure, thus shutting the House of Commons down for a protracted period of time. The move caused rage in MPs of all persuasions, as did his involvement of the Queen as a ‘backstop’ against parliamentary...
23 Aug at 6 PM 2019
As British banks cut back on expat buy-to-let mortgages, there’s one lesser-known way to secure a loan.
As the number of British banks offering buy-to-let mortgages to British expats working overseas
decline still further and those still in the market now cherry-picking applicants, getting a loan whilst still overseas is a tough task.
With only one or two high street banks still serving this niche market, the few lenders still operating are tightening their requirements and restrictions, thus excluding all but a privileged few...
16 Aug at 6 PM 2019
Defaulting US expat taxpayers are at risk of having their passports cancelled.
Expat American citizens who’ve fallen behind on their taxes have been aware for a while of the risk of having their passports revoked, but many have adopted the head-in-the-sand defence of not believing the threat would ever become reality. Unfortunately, according to the IRS, it’s about to be fully enforced.
The USA’s State department along with the IRS are now escalating the enforcement of what’s known as the FAST (Fixing America’s Surface...
9 Jul at 6 PM 2019
The hugely unpopular US tax regime imposed on American expats living and working overseas
needs to change, but survey respondents are unsure as regards how changes would affect them.
Some nine million USA citizens by birth are living and working overseas
, but retain their citizenship as an automatic right, thus leaving themselves open to citizenship-based taxation. Results of a recent survey indicate the vast majority are more than unhappy about the effect on their lives and finances of what they see as unfair taxation policies. The...
9 Jul at 6 PM 2019
Aussie expats have been warned by the taxman they’ll be chased for student loan payments.
An announcement by Australia’s Taxation Office has warned Oz graduates now living and working abroad
not to forget about their student loan debts. The taxman is planning to begin contacting new graduates taking on jobs overseas as well as those who’ve already left the home country.
ATO’s assistant commissioner Karen Foat told the media it’s easy to forget about setting up loan payments during the excitement of starting a new life...
11 Jun at 6 PM 2019
South Africa’s new tax laws are forcing expats to cut financial ties with the home country.
Reports that financial emigration has risen by 30 per cent in the past two years have confirmed the effect on high earning South African expats of the new tax rules about to be brought in. From March next year, South African expats working overseas
will pay up to 45 per cent tax on annual earnings of over one million rand. The first announcements of the upcoming change started the financial exodus as South African expat professionals rushed...
23 May at 6 PM 2019
In a new move, lenders specialising in buy-to-let mortgages are now refusing loans to landlords suspected of tax avoidance.
A leading property investment lender now fears beneficial interest mortgages may be in breach of HM Revenue and Customs’ rules on tax avoidance and are cracking down on landlords as a result. These specialist mortgages involve the transferring of a rental property’s legal ownership to a limited company whilst retaining full control of proceeds from sale and profits on rentals. Professionals in the sector are...
15 May at 6 PM 2019
One important aspect of becoming an expat is to ensure your online security is in place.
Moving overseas can be a chore, as there are so many aspects to consider in order to live a stress-free life in the new country of residence. Ensuring online security is often not considered an immediate priority but, for homesick new arrivals, a break in your service for whatever reason can prevent contact with friends and family back home. Logging on unprotected can also result in viruses, the hacking of bank details and passwords or...