Below is what happened in a week in Expats Finances, as reported on iExpats and from other places across the web.
- Expats Warned New Zealand Faces A Grey Future
Over the coming 50 years, New Zealand will see a flood of ‘significant changes’ hitting the country – says a government report. And the issues should make potential expats think twice about whether they should emigrate and for those already there, whether they should stay. Published by New Zealand’s National Statistics Office
- It’s A Man’s World, But Women Do Better Without Them
James Brown would have to change the lyrics of his famous song because for women in Slovenia they are treated fairly in comparison to their male colleagues. So much so, that they earn, on average, more than their male counterparts. However, for women workers in Japan it’s still very much a man’s world.
- Asia Pacific Equities Tipped For Strong Performance
Prospects for investors looking to exploit equity opportunities are looking better this year for most of the Asia Pacific economies. The confident outlook comes from analysts at asset management firm Barings, who say the stepping back from the US ‘fiscal cliff’ is major boost to the region.
- Singapore’s Booming Property Sector Still Rising
Home prices are still going up in Singapore despite government measures to try and slow the market to avoid a property bubble. One major bank predicts they could increase by 8% more between now and 2017. Property analysts are predicting more cooling measures from the government to help the control prices from rising too high.
- FATCA Closes Swiss Bank After Admitting Tax Evasion
The first big banking scalp has been claimed as US authorities enforce FATCA, a clampdown on financial institutions which help US taxpayers avoid paying tax. Switzerland’s oldest bank, Wegelin, has now closed and brought a chill to the country’s banking industry
- Take Your Pension Abroad With A QROPS
Many Brits dream of retiring abroad, especially to a sunnier climate, but there are issues surrounding their pension pot. You’ll be glad to know you can take the pot of money you have built up with you, but you’ll need to comply with some rules laid down by HM Revenue and Customs
Financial News From Around The Web
- The Trillion Dollar Coin Solution – Huffington Post
- Fitch repeats rating downgrade threat for India – Business Today
- An Expat’s outlook on economy – Kuwait Times
- Expats rates: live with uncertainty and be ready to pounce – Telegraph.co.uk
- Forex reserves slip by $1.6 billion – Hindu Business Line
- Canadian trade balance falls more-than-expected – Investing.com
- China’s export rally lifts surplus 49% – Business Report
- Depardieu becomes Russian for tax purposes – Aol Money