ignoring tax abroad used to work, but fiscal authorities are now waking up to this fact
We all would like to retire to a home in the sun where we pay no tax and can pass on our wealth as we see fit. Many people, having found their home in the sun simply ignore the tax and other consequences of becoming connected with their new home, either wittingly or unwittingly. And undoubtedly many people have got away with such a strategy in the past. However, fiscal authorities world-wide are waking up to the fact that wealth will increasingly become concentrated in the hands of the retired (the baby boomer generation). If the 'Nelsonian' approach of turning a blind eye to the probl...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes