News

Record HMRC offshore haul of over £500 million from British taxpayers with offshore interests

Tuesday 16th July 2019

As regular readers of our blog will know, we’ve been increasingly vocal to our clients about the stance that HMRC is taking towards tax evasion. Whether this is through the expansion of their powers under the Criminal Finances Act 2017 (CFA), rapidly innovating technology such as Connect, and wide-reaching international initiatives such as the Common Reporting Standard (CRS) – this… [continue reading]

Stricter punishments mean that contractor compliance in Sri Lanka is set to become far more complicated

Friday 12th July 2019

An island famed for its tea, tourism and test cricket, Sri Lanka is a country on the up, recently transitioning from a rural-based society towards a modern, urbanised economy built on a foundation of manufacturing and services. The destination has made significant progress in its socio-economic and human development indicators, and has seen a robust… [continue reading]

Tax and compliance set to get stricter as new act signals Canadian compliance crackdown

Tuesday 9th July 2019

Canada, the home of maple syrup, ice hockey, and Justin Bieber, is also an increasingly popular market for foreign workers. With the 10th largest GDP in the world, the fourth highest total estimated value of natural resources and a sizable manufacturing sector, it’s not hard to see why. Furthermore, skills shortages in the nation are ensuring… [continue reading]

Brazil cryptocurrency tax laws increase compliance complexity in the country

Friday 5th July 2019

As we reported recently, many countries around the world are cracking down on digital asset tax evasion as part of a wider movement towards tougher tax systems. The latest nation to follow this trend is Brazil, with authorities in the destination seeking ways to prevent evasion on the profits of cryptocurrency transactions.  Brazil is one of… [continue reading]

Digital tax and contractor compliance becomes more complex as countries continue to innovate

Tuesday 2nd July 2019

Here at 6CATS, we’re very vocal about the constantly increasing complexity of global tax systems. Recently, authorities around the world have been pulling out all the stops to crack down on evasion, with a particular focus on creating better solutions through tax technology. This was reflected last week in a piece in The Times’ Raconteur… [continue reading]

Belgian tax crackdown continues as country launches 3,600 tax evasion investigations

Friday 28th June 2019

While it may be famed for its beer and chocolate, in Belgium, contractors will also find a number of professional reasons to entice them. The destination is a hotspot for the pharmaceutical industry, with €2.89 billion invested in R&D in 2016, while financial services, data protection and cyber security professionals will also find there is… [continue reading]

Contractor Compliance in Pakistan set to become more complicated with new government measures

Tuesday 25th June 2019

While perhaps not the first destination that springs to mind for international contractors, Pakistan is a country on the up, with the 25th largest economy in the world, and identified as one of the Next Eleven countries with the potential to become one of the world’s largest economies in the 21st century. However, foreign talent is in high… [continue reading]

Italian Expat Tax Exemption Could Spell Increase In Contractor Demand

Friday 21st June 2019

Italy is a country that is extremely attractive to contractors, and with some of the best food, wine, and culture in the world, it’s hardly a surprise. Furthermore, according to the Human Development Index, the country enjoys a very high standard of living, and has the world’s 8th highest quality of life according to The Economist. If this wasn’t enough… [continue reading]

Tax authorities clamp down on cryptocurrency tax avoidance

Wednesday 19th June 2019

Over the last few years, it’s become increasingly clear that tax and compliance has been getting tougher around the globe, with Australia no exception. In fact, just recently, we wrote about how the government’s latest budget has given tax authorities vastly increased powers to crack down on evasion. This month, further reports have come out… [continue reading]

HMRC turns focus to businesses after record prosecutions

Friday 14th June 2019

As regular readers of our blog will know, we’re increasingly vocal about the aggressive stance that HMRC and global authorities are taking towards tax evasion. This has stemmed from a number of factors, such as expansion of their powers under the Criminal Finances Act 2017 (CFA), rapidly innovating technology such as Connect, HMRC’s big data program and… [continue reading]