citizenshiptaxation

So, you have received bank letter asking about your tax residence for CRS or FATCA – A @taxresidency primer – Part 1

cross-posted from citizenshipsolutions.ca So, you have received bank letter asking about your tax residence for CRS or FATCA – A @taxresidency primer Introduction – So, what’s this “tax residence” stuff about? What does “tax residence” mean? During the #InvestmentMigrationForum 2018, @ExpatriationLaw discussed multiple #Tax residencies, tax treaties and tax treaty tier breakers in #CRS andContinue reading “So, you have received bank letter asking about your tax residence for CRS or FATCA – A @taxresidency primer – Part 1”

Update on UK Accidental Americans

Back in June we were asked to do a post on the formation of several new Accidental American groups. There seemed to be some confusion as to whether these were “real” groups or just new attempts without substance. Today, while doing something completely different, I came across the UK Accidental Americans group and want toContinue reading “Update on UK Accidental Americans”

Two Programs with Solomon Yue in Toronto August 12 & August 16, 2018

In addition the meeting mentioned below, we would like to have a second, more informal program for expats and their families and friends. This format would be a more intimate question and answer which will be focused on individuals subject to the CBT regime. This would take place on Sunday, August 12, from 2:00 –Continue reading “Two Programs with Solomon Yue in Toronto August 12 & August 16, 2018”

Any Expats from Louisiana?

from American Expatriates FB group: Monte Silver Yesterday at 3:58 PM EXPAT FROM LOUISIANA? YOU CAN HELP get Americans abroad exempted from the Repatriation/GILTI taxes. If you are an expat from Louisiana and impacted by these taxes, or know someone that is, pls contact me. Thx http://www.americansabroadfortaxfairness.org

FATCA Repeal Update: The action to take right now!

#FATCA Repeal Update: The action to take right now!https://t.co/5xuVgYEvZY — U.S. Expat Canada (@USExpatCanada) July 27, 2018 https://platform.twitter.com/widgets.js From Global Advocate for the American Overseas, Keith Redmond is this important message: ATTENTION AMERICANS OVERSEAS! There is a SERIOUS bi-partisan push for an updated FATCA hearing to address the sharing of personal financial data and theContinue reading “FATCA Repeal Update: The action to take right now!”

Legislative History Reveals FATCA Had Nothing To Do With Collecting Tax Revenue From U.S. Persons With Foreign Accounts Evading Taxes (Part I)

reprinted with permission from Tax Connections Prior to the enactment of FATCA, Congress and the Executive were in possession of concrete-evidence revealing FATCA would fail to collect any meaningful amount of tax-revenue from U.S. persons evading tax through offshore financial center holdings. Congress should have halted enactment of HIRE – if in fact, FATCA’s purposeContinue reading “Legislative History Reveals FATCA Had Nothing To Do With Collecting Tax Revenue From U.S. Persons With Foreign Accounts Evading Taxes (Part I)”

The Repatriation tax and the 962 Election for Americans with a U.K. corporation

by Monte Silver reprinted with permission of the author The U.S. 2017 tax reform has made it very problematic for an American residing in the UK to conduct business through a UK corporation. Operating through a UK corporation exposes the expat to two new taxes: Repatriation and GILTI. This article will discuss the little knownContinue reading “The Repatriation tax and the 962 Election for Americans with a U.K. corporation”

U.S., U.K., Canada, Australia and Netherlands form international tax enforcement group

According to an article by Michael Cohn in Accounting Today, a multi-lateral tax enforcement group has been formed. TThe Joint Chiefs of Global Tax Enforcement (or J5 for short), intend to “collaborate in fighting international and transnational tax crimes and money laundering.” U.S., U.K., Canada, Australia and Netherlands form international tax enforcement group https://t.co/x3bX03Ardw EnoughContinue reading “U.S., U.K., Canada, Australia and Netherlands form international tax enforcement group”

New Accidental American Groups

In the last little while, there are 4 new Accidental American groups which appear to be under the umbrella of Fabien Lehavgre’s group ( website , Facebook , Twitter . I don’t believe I have seen any of these mentioned here so want to be sure this information is available so people are awareContinue reading “New Accidental American Groups”

Interrupting our regularly scheduled programming: It appears that there is a delay to the June 15, 2018 @USTransitionTax payment

cross-posted from Brock by USCitizenAbroad RT Looks like many (but not all) #Ameriansabroad impacted by the Sec. 965 @USTransitionTax will NOT be required to make the June 15, 2018 first payment deadline. But, it is YOUR responsibility to read, understand and see how this applies to your situation! https://t.co/FuZ7ZRJbca pic.twitter.com/CmD3u84WxY — U.S. Citizen Abroad (@USCitizenAbroad)Continue reading “Interrupting our regularly scheduled programming: It appears that there is a delay to the June 15, 2018 @USTransitionTax payment”