Carolyn Maloney, a New York City member of the House of Representatives who is co-chair of the House's Americans Abroad Caucus, today has reintroduced a piece of legislation similar to the "Same Country Exemption" that the American Citizens Abroad, a Rockville, Maryland-based advocacy group, has been calling for since 2015.
On September 6, the U.S. Internal Revenue Service introduced an enhanced streamline program aimed at enabling “certain former citizens” to extract themselves more easily than has been the case till now, from American citizenships that they never used and typically, only found out about recently...
Here, Kevin E. Packman, a partner with the Holland & Knight law firm in Miami, Florida, who specializes in tax and citizenship issues, considers the merits of the new Relief Procedures.
Thailand's senior immigration official has told journalists that a controversial law requiring foreigners, and/or their landlords, to report their whereabouts to Thai authorities within 24 hours of any changes is outdated and needs to change.
A banking industry association in the Netherlands said on Friday that it was working with the American Embassy in the country to resolve the issue of American account-holders who lack "Tax Information Numbers," or U.S. Social Security numbers, but who are reluctant to get one ahead of imminently giving up their American citizenship.
An American who came to the UK 19 years ago, and who was stunned to receive a letter from her bank in 2016 informing her of her U.S. tax obligations and that her account data would be shared with the Internal Revenue Service – as required by the U.S. Foreign Account Tax Compliance Act – has retained London's Mishcon de Reya law firm to legally challenge what she claims is the mis-use of her personal data and a violation of her privacy.
Questions some "accidental Americans" have been expressing about whether they need to acquire a Social Security Number if they are planning to renounce their U.S. citizenship appear to have been answered, at least with respect to those who qualify to renounce under a set of "new procedures" unveiled by the U.S. Internal Revenue Service on Friday.
An ongoing battle over the standards brokers, financial advisers and wealth managers in the U.S. should be held to – which dates back to the Obama years – took a new turn on Monday, when the states of New York, California, Connecticut, Delaware, Maine, New Mexico, Oregon, and the District of Columbia filed suit in the Southern District of New York asking that a controversial package of new rules approved in June by the Securities and Exchange Commission be vacated.
On September 6, the U.S. Internal Revenue Service introduced an enhanced streamline program aimed at enabling “certain former citizens” to extract themselves more easily than has been the case till...
Sep-17-2019
