Tax Residence – Citizenship Taxation

So, you have received bank letter asking about your tax residence for CRS or FATCA – A @taxresidency primer – Part 4 -Conclusion

cross-posted from citizenshipsolutions.ca Part F – A “U.S. citizen” cannot use a “tax treaty tie breaker” to break U.S. “tax residence”. How then does a “U.S. citizen” cease to be a “U.S. tax resident”? Q. I am a U.S. citizen. I do not live in the United States. I live in Canada. I am aContinue reading “So, you have received bank letter asking about your tax residence for CRS or FATCA – A @taxresidency primer – Part 4 -Conclusion”

So, you have received bank letter asking about your tax residence for CRS or FATCA – A @taxresidency primer – Part 3

cross-posted from citizenshipsolutions.ca Part D – Different definitions of “tax residence” – Not all countries define “tax residence” in the same way Q. What is the criteria that different countries use to define who is a “tax resident” of the country? A. The circumstances that constitute “tax residence” will differ from country to country. GenerallyContinue reading “So, you have received bank letter asking about your tax residence for CRS or FATCA – A @taxresidency primer – Part 3”

So, you have received bank letter asking about your tax residence for CRS or FATCA – A @taxresidency primer Part 2

cross-posted from citizenshipsolutions.ca Part B – The Combined FATCA/CRS Letter This letter is particularly worrisome for Canadian residents (whether Canadian citizens or not) who were either born in the United States or are (otherwise) U.S. citizens or U.S. permanent residents (AKA Green Card Holders). Could this mean that they would be required to apply forContinue reading “So, you have received bank letter asking about your tax residence for CRS or FATCA – A @taxresidency primer Part 2”

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”

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”

What is Tax Residency? – Episode 2 with John Richardson & Olivier Wagner

“Tax residence American style” AKA : Imposing “worldwide taxation” on those with @taxresidency in other countries The issue of tax residence has gained so much attention since the “crackdown” on non-resident US Persons began in 2009. It is commonly understood that you pay taxes to the country/state/city-town that you reside in. (For an interestingContinue reading “What is Tax Residency? – Episode 2 with John Richardson & Olivier Wagner”