News

UBS to face German tax evasion fine of €83 million

Monday 20th May 2019

At 6CATS, we’re clear that authorities worldwide are determined to introduce stricter tax and compliance systems. The latest step towards this has come from Germany, a country well known for taking a leading role in this movement. Recent reports from the region have stated that UBS is set to face a German tax evasion fine… [continue reading]

HMRC use of CRS helps them plough through ‘unprecedented’ levels of data

Friday 17th May 2019

Around the world, the push towards tougher, more comprehensive tax systems is progressing fast. One destination which is taking a tougher line than most is the UK. Since the introduction of the Common Reporting Standard, HMRC’s use of the CRS has helped it claw back a huge amount of lost revenue and adopt far stricter… [continue reading]

Swiss tax haven crackdown continues as ‘tax havens’ tighten up on compliance

Monday 13th May 2019

Switzerland, a country considered by many as a tax haven, has certainly been taking a tougher stance on tax fraud. In fact, the country seems to be part of a much larger trend of nations that were previously considered as tax havens finally changing their ways. Any recruiters looking to place contractors in Switzerland, an increasingly… [continue reading]

Denmark tax crackdown: Country set to make 300 million kroner from Panama Papers

Friday 10th May 2019

Denmark, a country we’ve written about many times before, is a premier location for international contractors. Listed as having the best work-life balance worldwide in the OECD Better Life report, it’s perhaps no surprise that contractors are flocking to the region. In addition to this, according to the Danish Chamber of Commerce, opportunities for foreign… [continue reading]

EU ratifies whistle-blower legislation, giving ‘high-level’ protection to informants

Wednesday 8th May 2019

As authorities worldwide seek to identify and prosecute tax evasion, we’re seeing an interesting trend emerge: increased support for whistle-blowers. The latest development in this regard is a new EU directive aimed at giving protection to those who expose crimes such as tax fraud. Recently, we wrote about proposed plans by the EU to create… [continue reading]

The top 5 best places for contractors to work

Friday 3rd May 2019

With the amount of booming global economies in need of talent, contractors are spoiled for choice when it comes to selecting locations to work. However, with the release of HSBC’s latest Expat Explorer survey, it seems some countries are a lot more appealing than others. The research, based on responses from 22,318 expats working in… [continue reading]

6CATS International shortlisted for Global Payroll Supplier of the Year Award

Thursday 2nd May 2019

Here at 6CATS International, we pride ourselves on the hard work we do to provide world-class service to the international contracting industry, and welcome all recognition of this. Therefore, we are delighted to announce that we have been shortlisted for Global Payroll Supplier of the Year at the Global Payroll Awards 2019. The awards recognise… [continue reading]

Contracting in Latvia is set to become more difficult as authorities impose stricter fines

Friday 26th April 2019

There can be no doubt that countries worldwide are focusing more than ever on tax evasion, and introducing stricter tax and compliance systems to claw back lost revenues. The latest nation to follow this trend is Latvia, with recent news from the region suggesting that lawmakers are going to be punishing those breaking the law… [continue reading]

Scrutiny from HMRC on overseas contractors continues to strengthen as tax evasion crackdown increases expat take eightfold

Friday 26th April 2019

HM Revenue & Customs (HMRC) has certainly stepped up its game in the fight against tax evasion. As we’ve mentioned plenty of times before, the exchequer has been using a variety of new methods to tackle tax crime, from introducing legislation such as the Criminal Finances Act 2017, to psychological profiling, big data analysis, and trawling through… [continue reading]

Contractor compliance in India set to get more complicated with introduction of ‘Project Insight’

Thursday 18th April 2019

Similar to many other developed nations trying to claw back revenue from tax evaders, India has announced that it will be using big data in order to crack down on non-compliance. This is the latest in a number of such developments as authorities turn to tax technology to prevent fraud, with more and more software… [continue reading]