News

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]

Australian compliance crackdown set to raise $3.6 billion

Monday 15th April 2019

In Australia, tax and compliance is about to get a lot tougher. The government’s latest budget, released last week, has given the Australian tax authority increased power to crack down on tax avoidance, with plans expected to raise upwards of $3.6 billion in lost funds. Australia has one of the most vibrant economies in the… [continue reading]

Contracting in Europe with a no deal Brexit: What will happen if we leave the EU this Friday?

Wednesday 10th April 2019

Here at 6CATS, like most of the country, we’ve been watching the tumultuous developments in Westminster, with the UK seemingly heading towards a no deal Brexit in just a number of days. In this climate, the fact that agencies are confused around what will happen with regards to contractors in the EU is understandable, and… [continue reading]

Changes to HMRC tax evasion strategy leads to offshore crackdown of 5.67m financial records

Friday 5th April 2019

At 6CATS, we actively monitor the latest developments and trends in global tax and compliance in order to provide the best possible service to clients. The fact is, around the world, the push towards tougher, more comprehensive tax systems is progressing fast. Somewhere this is patently obvious is in the UK, with HMRC recently taking advantage… [continue reading]

European lawmakers make fresh new tax haven accusation and urge end of golden visa schemes

Monday 1st April 2019

While the confusion around Brexit and Britain’s future relationship with the EU carries on with seemingly no end in sight, one thing is for sure – the global push for tougher tax systems is continuing on both sides. The EU, as we have mentioned numerous times, is one of the most aggressive bodies instigating tougher… [continue reading]

European council blacklist expansion adds another ten countries to list of tax havens

Friday 29th March 2019

Regular readers of our blog may have already noticed that a common thread is the notion that international tax and compliance is becoming far more complex for contractors. The global movement of countries working together to create tougher, more interconnected tax systems is continuing at a rapid pace, with international bodies working in harmony to… [continue reading]

75% of businesses are unaware of the Criminal Finances Act: recruiters must act now

Monday 25th March 2019

Here at 6CATS, something that we strongly advocate is the need for agencies to stay informed about the increasingly strict tax legislation being introduced around the world. One piece of legislation we’ve long discussed on our blogs is the Criminal Finances Act 2017. While this law could have profound consequences for those that contravene it, many business owners… [continue reading]

Contracting in Jordan set to become more difficult as it becomes the First Arab Nation to Introduce Income Tax

Friday 22nd March 2019

At 6CATS, we strive to stay ahead of the trends and changes across international markets – particularly regarding the compliance challenges that recruitment firms are facing. The latest trend that we are noting across global markets is the increase in the number of nations that were once considered tax havens slowly giving in to international… [continue reading]

EU whistle-blower protection improved with latest EU directive

Monday 18th March 2019

At 6CATS, something we’ve been vocal on is the movement of countries and international bodies towards tougher tax systems. The latest development in this regard is a new directive aimed at EU whistle-blower protection that exposes crimes such as tax fraud. This is expected to lead towards more companies and individuals being prosecuted for tax… [continue reading]

Contractor compliance set to get more complicated as the Singapore ‘Not Ordinarily Resident’ scheme is scrapped

Friday 15th March 2019

A major player in the APAC region, Singapore has a reputation as one of the strongest economies in the world. In fact, in 2018, the country was ranked as the second most open economy, as well as the second most pro-business regime in 2019. It’s also a hugely attractive destination for contractors, with high demand… [continue reading]

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