If you’re a Brit planning to return to the UK after years of living abroad, a major tax shake-up is coming your way. From 6 April 2025, the UK is switching to a residence-based tax system, moving away from centuries of domicile-based rules. That means your tax status will depend entirely on whether you’re considered a UK resident, not where your parents are from or where your wealth is held. If you’re a former expat returning to live in the…
According to an article in the magazine Page 6, even Robert de Niro’s finances have been affected by COVID19. The issue is his stake in the restaurant and hotel chain Nobu. Obviously, their venues have been closed or partially closed for months with barely any business coming in. This has dealt a big blow to his finances. According to his lawyer, Caroline Krauss, Nobu lost $3 million in April and another $1.87 million in May.