British bureaucrats, using the Panama Papers as an excuse have laid out a "suggestion" to do as the Americans and tax British citizens no matter where they are in the world.
Of course, this is "just a recommendation" so far, but things like this tends to become law far sooner than you think.
PS: The global version of FATCA starts next year.
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By taxing all Brits everywhere, the super-rich would be prevented from moving abroad to cut their bill, while those who remain in the UK would be spared an ever-mounting tax charge. (haha, yeah right)
Of course, this is "just a recommendation" so far, but things like this tends to become law far sooner than you think.
PS: The global version of FATCA starts next year.