While some cities, countries and jurisdictions are beginning to relax their lockdown rules somewhat, travel bans and other restrictions continue to prevent many people from being able to meet up in anything like the way they would have in the days before the global Covid pandemic took hold last year...
The U.S. government on Thursday published its latest quarterly list of the names of Americans who have renounced their citizenships, and as expected, due to the fact that renunciation-processing is difficult at the moment, owing to the continuing Covid-19 lockdown in many countries, only 228 names appeared.
This compares with 660 in the final quarter of 2020. If all four quarters of 2021 saw only 228 names listed in each, it would total only 912, and represent the lowest annual number of renunciations since 2009.
Hours before President Biden was set to deliver his first speech to a joint session of Congress on Wednesday evening in Washington, the U.S. Treasury was unveiling its plans for helping him finance some of his goals, in the form of a press release entitled "Investing in the IRS and Improving Tax Compliance."
The U.S. State Department has responded to a complaint over the recently-increased fee for renouncing one's American citizenship, which was filed last December by a coalition of so-called 'accidental Americans', by noting that it had increased the fee to reflect a rise in the government's renunciation processing costs, according to court documents seen by the American Expat Financial News Journal.
On April 7, 2021, the Association of Americans Resident Overseas submitted its comments to the Senate Finance Committee, in response to the committee's review of U.S. international tax policy, and its impact on American workers.
Below, AARO's comments in full, as written by AARO president William Jordan; AARO vice president for advocacy Fred Einbinder; and AARO banking committee chair Paul Atkinson.
On April 22, 2021, American Citizens Abroad submitted its comments to the Senate Finance Committee, in response to the committee's proposed framework for "investing in the American people by ensuring multinational corporations pay their fair share."
Below, the ACA's comments in full, as written by ACA Executive Director Marylouise Serrato and ACA Legal Counsel Charles Bruce, who is also chairman of the ACA Global Foundation.
On April 20, 2021, the Democrats Abroad submitted its response to the Senate Finance Committee's proposal to overhaul the U.S. international tax regime.
Below, the Democrats Abroad's response in full, as written by Julia Bryan, Global Chair of the Democrats Abroad.
On April 7, 2021, the Association of Americans Resident Overseas submitted its comments to the Senate Finance Committee, in response to the committee's review of U.S. international tax policy, and...
Apr-29-2021
