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South African Exemption ruleOn 18 August, the window period to submit public comment on the South African Revenue Services (SARS) and National Treasury’s amended draft tax law proposal to overturn the 183-day tax exemption rule, closed.

“Therefore, South African tax resident employees working outside South Africa (SA) in low-tax or tax-free jurisdictions like Mauritius, Singapore, Cayman Islands and the United Arab Emirates (UAE) are now holding their breath to hear whether the South African government will do away with the rule or not,” says James Bowling, chief executive officer of Monarch&Co - a leading facilitator of residency and citizenship programmes in hand-picked territories around the globe.

'Can I stay?' (please)Survey of 5000 Brits in the EU finds losing the right to reside is their biggest Brexit fear.

A survey of more than 5000 British citizens living in the EU has found that 4 out of 5 are worried that Brexit will strip them of their automatic right to live in their country of residence.

The UK Government has consistently said it will not act unilaterally to guarantee the right of 3mn EU citizens to remain in the UK until it has agreement that the EU 27 will do the same for the estimated 1.3mn UK nationals living in the EU.

Portuguese Women Second Slowest to Close the EU Gender Pay GapExpert Market, Europe’s leading B2B marketplace, has conducted new research into the factors that affect thegender pay gap in the EU. By modelling current pay gap trends into the future for five economic factors (hours worked, sector, age, industry and job type), we have identified both the countries and the groups of women who will see the gender pay gap close quickest.
Surprisingly, Romania took the top spot with a potential gender pay gap closure date of 2018 with women aged between 25 and 34, working a skilled manual role within the private hospitality industry most likely to achieve equal pay first.

sueellengrammerSue Ellen Allen, who lived for years in the Algarve as a fugitive on the run from American justice, will have the honour of sharing First Lady Michelle Obama's box in the House of Representatives during the president’s last State of the Union address.

A White House announcement following Tuesday's address said that Allen and a small group of other special guests “personify President Obama’s time in office and most importantly, they represent who we are as Americans: inclusive and compassionate, innovative and courageous.”

Prime Ministe,  David CameronThe Prime Minister has announced this week that the UK has delivered on its promise of resettling 1,000 vulnerable Syrian refugees by Christmas.

Speaking at Prime Minister’s Questions, the Prime Minister confirmed the UK had reached the milestone and stressed that the government would continue its focus on resettling those in the region who are most at risk.

By hitting the target, the government has shown it is well on track to resettle up to 20,000 Syrians through the Vulnerable Persons Resettlement (VPR) Scheme over the next 5 years.

Joseph Stiglitz, Nobel LaureateIn front of an audience of 1,600 people at Lisbon’s Gulbenkian Foundation, the well known Nobel Laureate in Economics, Joseph Stiglitz, always with a smile, analysed the past and future of world economies.
After 50 years of economic growth and welfare in the post-war period, the richest 1% since 1988 got 60% more wealth at a loss to the poorest, and with increased inequality, especially in the US and the Eurozone, "in Portugal it’s all got worse since I was here 15 years ago," said Stiglitz.

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