Keeping compliant when working overseas can be a challenging business, after all, professionals have to contend with a raft of different factors including securing accommodation, booking travel and – as you’ll know – much, much more. However, remaining on the right side of the tax law should be top of the priority list wherever you are operating, which can be tricky when legislation is shifting on a near-constant basis. That’s why we’ve outlined some of the latest tax and compliance stories from around the world for you to keep an eye on. Turkish influencer arrested over alleged money launderi ..read more

In our latest roundup of global contractor compliance news, we review stories from recent weeks highlighting that seniority, wealth and status make no difference when it comes to remaining compliant with international tax legislation. Billionaire art dealer faces jail and €250 million fine in tax fraud trial The first of our stories concerns Franco-American billionaire art dealer Guy Wildenstein, who is accused of hiding his fortune in art, property, racehorses and other assets in attempts to conceal the true scale of his earnings from French tax authorities. Wildenstein is facing his third tr ..read more

A week is a long time when it comes to global tax affairs. Professionals working across borders have a challenging enough time remaining compliant, let alone in an environment where tax requirements are constantly shifting around them. That’s why we’ve provided a round-up of some of the latest news from the international compliance market from recent weeks. Here’s what contractors need to know. I.R.S. deploys Artificial Intelligence to catch tax evaders The US authority is launching plans to utilise AI to collect unpaid taxes from high earners, partnerships and large corporations which has the ..read more

Regular readers of our blogs will have no doubt noticed the increase in digital tax issues that are impacting contractors. Throughout October, for example, there were multiple reports of global developments in the fight against digital tax fraud and moves to implement cryptocurrency regulations. As a case in point, the Organisation for Economic Co-operation and Development (OECD) revealed that the Common Reporting Standard will be expanded next year to include the exchange of data on virtual currencies, and the European Commission outlined plans for its own digital taxes next year. In the late ..read more

At the beginning of the month we flagged the digital tax challenges that have dominated news reports recently. As digital transformation becomes a common trend across the globe, countries’ governments have understandably been reviewing how companies are taxed, not only where the service is carried out but also where it is delivered. Whilst it is a grey area at the moment, digital taxation is a hot topic that will only continue to grow in importance. For contractors operating internationally, technology can present both an opportunity and a challenge. In particular, the lack of consistency acro ..read more

As cutting-edge technology becomes readily available to tax authorities, many countries are using innovations to create far tougher systems of global tax and compliance. However, for recruitment agencies placing contractors abroad – this can create a daunting compliance landscape. One recent trend that we have seen is authorities targeting cryptocurrency – with HMRC the latest to come down hard on this source of income. Here’s what recruiters need to know. HMRC crypto crackdown According to recent reports, HMRC is seeking a blockchain analytics tool as part of a wider crypto crackdown. HMRC wa ..read more

Regularly voted as one of the best places to work and live, there’s no doubt that Australia is a contracting hotspot. As one of the most vibrant economies in the world, boasting the 14th largest global GDP, at $1.69 trillion, the country also has a skills shortage of 739,000 highly skilled workers – meaning demand to work in the destination looks set to continue. However, much like many other developed nations, authorities continue to crackdown on unpaid tax in Australia, with record levels of revenue being added to government coffers. Workers looking to move to the region ..read more

NFTs are not just the latest fad in ‘crypto assets’, in recent months they have become nothing less than a cultural phenomenon. You only need to look at this year’s Super Bowl to see the Metaverse is going mainstream. To commemorate the game, the NFL gave every fan who attended a customised NFT ticket, and NFT creators also landed prime advertising spots around what is one of the world’s largest sporting events. However, as this trend explodes, and individuals increasingly consider the benefits of exploring the NFT market, government agencies are also learning more about these digital assets ..read more

With many tax developments and tax reforms being introduced around the world, there have been ongoing changes to international tax driven by the European Commission and other international bodies that are affecting member states as well as other countries around the world. From the taxation of the digital economy to cryptocurrencies and corporate tax, we round up some of the latest news that recruitment agencies placing global contractors ought to be aware of. Digital tax issues Although President Biden’s ‘Made in America’ Tax Plan, which aims to reform global tax and impose a global minimum 2 ..read more

Crypto assets are very much in the line of sight of HMRC as it continues to tighten its grip on tax liabilities that are owed due to the illegal trade in cryptocurrencies, which are subject to capital gains tax in the UK. The involvement of organised crime and the evasion of income tax is a real worry for the UK’s tax, payments and customs authority. It also sends a stark warning to organisations and indeed recruitment agencies that they must be aware of the corporation tax implications should they deal in such currencies. Explaining how cryptocurrencies such as Bitcoin, Ethereum, the Chinese ..read more