Posts tagged as:

UK

Rules of Engagement

22 November 2010

Tax experts in the UK are warning that Prince William may have triggered a significant capital gains tax by giving Kate Middleton the engagement ring he inherited from Princess Diana’s estate. The ring is said to be currently valued at about $400,000. According to the Daily Express, that value represents a significant increase from the [...]

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Will the UK Change Its Tax Rules for Tiger?

11 August 2010

All of that fuss over Usain Bolt and now he has a back issue? Thank goodness he’s not the only mega-rich athlete thinking of playing in the UK these days or the British government might get bored. Now, they’re in talks with European Tour officials about the current tax structure because of noise on the [...]

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Should a “Graduate Tax” Be Tied to Earnings?

10 August 2010

When I was in college, I spent a year in the northeast of England (Hull, to be exact) on an exchange program. I had a blast. I also learned a lot about the British educational system. My peers also learned a lot about our system in the US – and were shocked to learn how [...]

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Joe Taxpayer Vs. The Volcano

20 July 2010

If you’re familiar with the taxing laws in various countries, you know that they can be tricky. There are generally complex formulas based on the number of days physically present inside of a country which will determines whether a person can be taxes as a resident – or non-resident – for income tax purposes (in [...]

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Are Taxpayers Moving to Avoid More Taxes?

19 July 2010

It’s funny, my line of work. I practice tax law alongside my husband who practices international and corporate law. A significant portion of his practice involves business immigration work for companies who are interested in setting up shop here in the US. It’s always interesting to me, then, to read about taxpayers who are interested [...]

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UK Suggests Possible Concessions on Bolt

14 July 2010

Just days after Usain Bolt announced that he would not be participating in any meets in the UK due to tax reasons, Britain’s sports minister has stepped in and offered to help. Sports Minister Hugh Robertson has told the BBC that he will look into whether there is something that could be done to encourage [...]

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Usain Bolts for Taxes

12 July 2010

The fastest man in the world has finally found the one thing that will slow him down: Britain’s tax laws. According to the BBC, Bolt may not compete in the UK until the 2012 Olympics. He told a news audience, “I am definitely not going to run [in London].” Like the US, the UK attempts [...]

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Brits Will Greenlight Bank Tax In Spite of G-20

8 June 2010

Despite opposition from the G-20 to a global bank tax, the UK will move ahead with its own version of the tax. Chancellor George Osborne is widely expected to include the tax in his June 22 budget. The tax, which is similar to the one proposed in the US, would be levied on banks in [...]

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US Clashes With UK Over New Tax Proposal

8 November 2009

When it comes to economics, the US and UK tend to find themselves on the same page. A recent example is their consolidated front over the need for banking transparency – both countries took a tough approach with respect to the banking secrecy laws of in Switzerland and Luxembourg. But this weekend, the US and [...]

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UK Tries Out Amnesty for Offshore Accounts

29 July 2009

In an effort to recover income from funds that might have been hidden offshore, the US introduced a Voluntary Compliance Program that offers reduced civil penalties and no criminal penalties. At the time, IRS Commission Doug Shulman described the program as stating: The goal is to have a predictable set of outcomes to encourage people [...]

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