News

Panama strengthens tax laws – are tax havens coming to an end?

Friday 27th September 2019

Despite being most famous as tax haven for the super-rich,  Panama has been changing its ways of late. Just a few weeks ago, we wrote about how the country had teamed up with France, one of the leading global powers in the fight against tax fraud by signing a landmark bilateral deal. Since then, there… [continue reading]

Is Australian offshore evasion finally set to end?

Friday 20th September 2019

Over the last few years, it’s become increasingly clear that tax and compliance is getting tougher around the globe, with Australia a prime example. We’ve recently written about the government’s latest budget, which has given tax authorities vastly increased powers, and commented on reports that Australia is involved in several large investigations concerning cryptocurrency tax… [continue reading]

Is contractor compliance in Kenya set to get more complicated?

Thursday 19th September 2019

While it might not be the first destination that comes to mind when it comes to contracting hotspots, Kenya, is one of Africa’s fastest growing markets. In fact, the country was recently ranked 61st in the World Bank’s Ease of doing business index, one of the highest African countries on the list. Additionally, large scale… [continue reading]

Celebrity tax evasion round-up: What’s the latest?

Wednesday 18th September 2019

Here at 6CATS International, we’re clear that no-one should take compliance lightly, including celebrities. Recently, many famous figures have been caught out for tax crimes, with the latest, Chelsea footballer Diego Costa, agreeing to pay £1.7m to Spanish tax authorities just a couple of weeks ago. In this week’s blog, we’ll take a look at… [continue reading]

Germany’s biggest tax fraud case – what does it mean for recruiters?

Tuesday 17th September 2019

As the largest economy in Europe, Germany is unsurprisingly a contracting hotspot. On top of this, the destination is a cultural powerhouse, producing some of the greatest artists, writers and filmmakers of all time. However, there are many legal and financial concerns to bear in mind when attempting to work in the destination, with Germany… [continue reading]

Where are the safest destinations for contractors?

Monday 9th September 2019

With the world more interconnected than ever, contractors are spoilt for choice when it comes to choosing where to work. Therefore, it’s helpful when information comes out that may narrow this choice down. This is why we’ve covered a number of recent lists and surveys to this effect. The latest study to do this is… [continue reading]

Will tax reforms finally end Panama’s ‘tax haven’ reputation?

Tuesday 3rd September 2019

Panama, occasionally referred to as the Bridge of the Worlds, is well known as a tax haven. In fact, the nation has had a reputation for tax avoidance & evasion dating back at least as far as the early 20th century, and has been cited repeatedly in recent years as an uncooperative jurisdiction with international… [continue reading]

What does the Luxembourg tax crackdown mean for international contractors?

Friday 30th August 2019

Luxembourg, a destination long accused of being a tax haven, has recently ratcheted up efforts to stop evasion. Despite being one of the smallest nations in the world, the country is the second richest on earth, and home to one of the most prolific financial services sectors in Europe, so it’s no surprise that it’s… [continue reading]

What effect will the NCA tax crackdown have on recruiters?

Tuesday 27th August 2019

It’s no secret that in the UK, authorities have been steadily getting tougher on tax and compliance. Whether through international agreements such as the Common Reporting Standard, domestic legislation such as the Criminal Finances Act 2017, or through cutting edge machine learning such as Connect, evading the law is becoming harder than ever. This is… [continue reading]

Are new technologies set to complicate contracting in Albania?

Friday 23rd August 2019

Once a territory dominated by war and poverty, Albania has made remarkable economic progress during the past three decades. In fact, over this period, the destination has grown from being one of the poorest nations in Europe into a middle-income country, with poverty declining by half. With continuing plans to join the European Union, the… [continue reading]