SHARE

Blog

Are you moving with the times or are you caught in a time warp?

Fiduciary Wealth Team

Are you aware that more than 80 countries (with more to follow suit) have signed up to the US FATCA model involving automatic exchange of information?

Did you know that the tax authorities of the signatories to the agreement pass information to each other on a consistent basis?

Are you conscious of the fact that these countries are determined to eradicate banking secrecy and opaque offshore structures in order to put an end to tax evasion and tax avoidance practices which rob the Governments of billions of pounds in tax revenues?

Have you not been told that disclosure will become the norm and that there is no place in which to secretly hide assets?

Do you know the very serious tax consequences of not declaring your assets?

Are you aware of the tax ramifications once the authorities receive reports about previously undisclosed financial assets?

Have you ever stopped to think how much this will cost you – when they find out – because they will?

Conservative estimates in Spain put it at more than 50% of your accumulated wealth being lost due to non-disclosure. Still want to play Russian roulette with your loved ones inheritance?

Would you rather speak to an expert? To speak to a certified financial planner about your cross border financial planning needs including tax planning and wealth management call Tel: +34900102374 or email enquiries@fiduciarywealth.eu