There are more billionaires looking around anxiously for new places to hide their fortunes as more and more countries make changes to their bank secrecy laws and impose taxes on deposits over certain amounts. Although there are still countries that do offer favorable tax rates on large sums of money they are seen as parasites to the global economy because they offer a … [Read more...] about Tax Shelters cause billionaires to suffer
Tax
The memory of Margaret Thatcher
The recent news of the death of Margaret Thatcher has been globally announced for the last few days, and condolences have been pouring in from every corner of the globe to her family and friends. While thinking about Thatcher, a fan would refer to her as the Iron Lady while someone who despised her strategy to improve the UK economy would call her Milk Snatcher it is … [Read more...] about The memory of Margaret Thatcher
Leaked information on offshore bank accounts
Records have been leaked to dozens of journalists who have verified the information regarding offshore bank accounts of thousands of people which is currently under investigation. Tax evasion, secrecy and many more reasons for people to move their money away from their country of citizenship, the problem with the secrecy and the extent to which the network has spread is that … [Read more...] about Leaked information on offshore bank accounts
Beware of your tax refund
When we receive money that is not part of our monthly household income it is easy to spend it quickly on things that have been repeatedly put on hold until there is spare money, and if there is enough then we splurge out on luxuries or gifts for ourselves and our family members. When you expecting a tax refund, or when you receive one that you were not expecting at all, … [Read more...] about Beware of your tax refund
Tax payers cough up for visitor’s health issues
When people visit the UK they are granted an NHS number with their visitor visa, unfortunately this courtesy has been abused and now the British tax payer is paying for people all over the world to receive free health care even if they have health problems which they landed with. The article which I read mentions areas such as HIV, oncology and maternity which have been … [Read more...] about Tax payers cough up for visitor’s health issues