Advocates for fairer tax treatment of American expats by their government, including both the Republicans Overseas and Democrats Abroad, are urging such expats not to hesitate in posting comments on a U.S. State Department proposal to lower the fee currently charged those seeking to renounce their U.S. citizenships, the deadline for which expires in less than three days.
Some 3,815 Americans officially expatriated last year, according to the just-published fourth quarter list of names on the U.S. government's Federal Register website, combined with the lists of renunciants' names featured on the three previous 2022 quarterly lists.
It’s a scene most Londoners know well: a normally peaceful, typically photogenic corner of their city has suddenly, unexpectedly become a film set.
Large vans and other utilitarian vehicles are parked haphazardly around the nearby streets, which are also crowded with bulky equipment and cameras, noisy electricity generators, and often, horse-drawn carriages or period automobiles. Groups of people stand and mill about, some in costume, others wearing orange vests emblazoned with words like “security” across them...
The U.S. has moved up to the top spot in the London-based Tax Justice Network's "Financial Secrecy Index," published today, with what the organization said was "the worst rating ever recorded" by a jurisdiction since it began ranking countries on the basis of their financial secrecy in 2009.
Al Jazeera broadcast journalist Maryam Nemazee today will be moderating an online discussion, free and open to the public, on the subject of the Tax Justice Network’s just released Financial Secrecy Index.
The U.S. Treasury Inspector General for Tax Administration (TIGTA) this month has published two reports that consider differing aspects of the Internal Revenue Service's recent performance – and has arrived at many of the same conclusions that the National Taxpayer Advocate, Erin M. Collins, did, in her annual report to Congress back in January, on what the IRS needs to do to improve its efficacy.
More American expats are familiar these days than they used to be with Foreign Bank Account Reports (“FBARs”), aka FinCEN Form 114s – which need to be filed by American...
Apr-07-2022
