Tax debt can be a significant source of stress, affecting both your financial stability and peace of mind. When faced with the burden of unpaid taxes, many individuals and businesses feel overwhelmed, unsure of how to navigate the complex process of dealing with the IRS or local tax authorities. This is where tax relief services come into play.
A newly published report, the "Wealthy Expats in Portugal Survey Report 2024," uncovers a critical tax planning oversight and lack of cross-border structuring of affluent expats income and assets among many of those based in the Algarve who are existing NHR tax holders.
UK Inflation has jumped back above 2% as expected, however it hasn’t climbed as much with headline numbers showing inflation at 2.2%. The dilemma facing the Bank of England over the past few weeks has been how many more rate cuts to implement, and when.
GBP saw a sign of relief in Tuesday’s morning session after the UK unemployment rate saw a decrease in June down to 4.2%. Even if there were signs of positive news, UK is still facing difficulties with the annual wage growth slowing down reaching 5.4% - the lowest it has been in two years.
Over the last week we have only seen a slight recovery on Sterling exchange rates, with GBPEUR now reaching 1.1680 and GBPUSD now reading 1.2750- which is still 1.5% away from the highs just two weeks ago.
There’s a remarkable change sweeping across the iGaming landscape, with enhancements in e-payment technologies. In the past, patrons relied on physical cash or traditional banking processes to fund their gaming needs. It’s noteworthy that those days are behind.
The Australian Dollar has strengthened overnight against a number of currencies after Reserve Bank Governor Michele Bullock stated that central bank wouldn’t hesitate to hike interest rates again if inflation again becomes a problem. Earlier this week the central bank had decided to keep rates unchanged, but did provide a hawkish outlook with inflation proving sticky.
Despite some buoyant UK data releases yesterday, in the construction surveys and more importantly British Retail Sales last month, it has done little to help The Pound as this morning we’ve seen further losses against both EUR & USD.
