Offshore taxation issues

While working overseas, consultants are often offered ‘creative’ solutions for management of their contract income, some of which include offshore trusts or offshore payments.

Given that the EU Savings Directive came into force in 2005, whereby countries are obligated to share information concerning individuals’ savings accounts, there is now even less scope for these types of arrangements to function effectively. Consultants should consequently exercise a considerable degree of caution. Some of the key issues are addressed in this section.

You may also be interested in our other international taxation FAQs, our free international tax guides, or contact our tax specialists for more information.