In what some are seeing as a blow to countless thousands of Americans who own stakes in non-U.S. corporations – including expats as well as Homelanders – a federal court in Washington state ruled on Thursday that a key retroactive element of President Trump's controversial, 2017 Tax Cuts and Jobs Act (TCJA) is constitutional.
With two months to go until the end of his term, President Trump is considering an executive action that would end the current U.S. policy of conferring American citizenship on all babies born in the U.S., according to a Washington media report, which cited as its source a top presidential aide.
Many Americans who are resident overseas are unaware that they are eligible for Social Security benefits; others know that they are, but don't know much more than that.
With this in mind, the Democrats Abroad is sponsoring a free webinar next Thursday (Dec. 3), to help boost understanding of exactly what American expats can expect from Uncle Sam when they reach retirement age.
Lafayette G. "Chip" Harter, deputy assistant Treasury secretary for international tax affairs since 2017, is to leave his post at the end of this month, according to press reports.
Also set to leave his post, by year's end, is Security and Exchange Commission Jay Clayton, the SEC confirmed in a statement this week.
A planned amendment to a bill currently making its way through France's legislature that would have mandated a change in an existing FATCA "intergovernmental agreement" currently in place between France and the U.S. – which would have obliged the U.S. to provide the same information to France about its citizens' U.S. bank accounts that France forwards to the U.S. about French accounts held by American citizens – was withdrawn at the last minute on Friday.
In June, 2018, cross-border tax experts issued their first warnings that a then-just-passed U.S. Supreme Court ruling, in a case known as South Dakota v. Wayfair, would have far-reaching effects on e-commerce businesses that sold their products across U.S. state borders – including those selling into the U.S. from abroad.
As predicted, the decision has left many business owners around the world scratching their heads – and seeking advice.
A bespectacled, 30-year-old American expat who isn't afraid of acting silly or making faces in front of a camera – as long as it's likely to elicit laughs – is finding a rapidly-growing audience among his American peers around the world, as he examines the myriad and often unbelievable complications of being a U.S. person who is resident outside of the United States.
Nov. 3, the date of the 2020 U.S. presidential election, is two weeks and one day away. Many expats will have voted by now, but for those who haven't –...
Oct-19-2020
