New tax powers can trace money – home and away

Clients and their advisers are facing perhaps the strictest financial scrutiny ever. Get ready. Tightened border controls which check on residency, closer monitoring within double taxation treaties and exchange of information on international property ownership can trigger new tax probes.  Border controls Many of us will have experienced the EU Entry/Exit System (EES) as it demands information at EU borders, including fingerprints and eye scans. Recent figures from the European Commission note that 16,000 people were refused entry, with ‘slightly more than 4,000 refusals due to ‘...