How
long do you expect to remain abroad? How long do you expect
to remain in your current position? By the time you read this
you might be sitting in front of an ersatz Yuletide log fire,
mildly plastered, thinking about what the new year might hold
for you. More of the same? A dramatic change? A slight shift
sideways?
Whatever you decide,
having the infrastructure in place to allow you to do what
you want is crucial. As expats, many of you might think you’re
out of the recruitment loop. Sadly, that’s probably
true. Jacqui Canham spent some time talking to international
recruiters for this issue. What she found makes for sobering,
if somewhat predictable, reading. To put it in a nutshell,
although the big recruitment companies are global operations
now – a CEO could well come from abroad, as a brief
look at the FTSE shows – they are only human and rely
on accurate intelligence as to who is out there, and what
their skills are. If you are sitting overlooking the Square
Mile it is going to be easier to get your profile in front
of a headhunter than if you are in a foreign country.
Is all lost, then?
No, it’s not. As the article shows, there are a few
obvious things you can do to make sure you remain firmly in
the loop.
Elsewhere, Tim
Hyam looks at offshore trusts. Are they only for zillionaires?
No, they’re not. But they take some understanding, which
Tim provides.
Finally, we’ve
put together a roundup of online shopping sites that offer
speedy international shipping for “all your Christmas
needs” as the marketers put it. From posh coffee to
African sculpture you won’t have to stir from in front
of your artificial log fire to make the loved ones happy.
In our news pages
we report that a Belgian tax amnesty has singularly failed
to net as much money as the Belgian authorities expected.
This is not the first time this has happened. Italy tried
the same thing, with little success. Germany did the same
a couple of months ago – with an equal lack of return
on effort. There are two possibilities: either there isn’t
as much unpaid tax out there, which seems unlikely, or the
attractions of repatriating investments are less than immense,
which seems more likely.
Even so, these
Revenue carrots should not be ignored. The alternative is
a stick – which more revenue authorities are starting
to wield. The UK Inland Revenue set up a specialist offshore
tax investigation group last year with powers to look into
all sorts of financial business, from credit card transactions
to deposit accounts. Pay your tax, before you start receiving
alarming letters.
As it’s coming
up to Christmas, let me take this opportunity to express sincere
envy and resentment that you might well be reading this somewhere
beautiful and sunny, instead of staring out at the drizzle
of London. I don’t’ know how many of you get back
to the UK regularly, so yo might not be aware that it never
snows here anymore, having ceased to do so somewhere around
February 1975. You might, of course, be up a mountain somewhere
up to your knees in the white stuff, in which case, there’s
another reason for me to hate you.
Happy seasonal
festivities.