Last year this time, did you hear of many people making New Years’ resolutions to exercise more, be a better person, and business goals to close more sales and so on? And how did they fare?
Hardly anyone I know keeps those goals, others simply give up making them. Why is this so? Read it all..
The US taxman set 23 Sep as a deadline for tax evaders to come clean on their prior taxes unpaid before being penalised if caught. Even Switzerland banks like UBS were “arm-twisted” to release information of tax-dodgers, as the US government tries to raise money to fund it’s huge budget deficit.
US citizens are taxed wherever they are working on income, as well as interest and capital gains. The taxes are only off-set with valid tax-treaties, which Singapore does not have with US. In effect, a US citizen may be taxed twice.
To see the original article, click here.
A new law governing insurance nominations came into effect on 1 Sep 09. This law clarifies exisiting uncertainties about nominations and trusts. New policy holders and existing policies without nominations (not applied retrospectively) can now name beneficiaries and change them when the need arises. What should a Financial Planner know about this law? Read it all..
