Q1 renunciation numbers lowest since 2019, as effects of lockdown continue to weigh

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. 

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How well do you know your FATCA?

Without really meaning to, many American expatriates as well as tax industry experts, lawyers and others have become experts on the subject of FATCA over the past decade-plus that it's been around. 

So we thought it might be fun, for a change, to mark the occasion of FATCA's coming into force eleven years ago today, by compiling a list of eleven impossible-to-resist questions about it, in order to test just how well we've all been paying attention!
See below...

Little-known Irving Berlin song celebrates payment of one’s taxes

If the U.S. Internal Revenue Service has recently issued a call for a songwriter to come up with a melody celebrating the paying of one’s income taxes, we aren’t aware of it.

Back in 1942, though, Irving Berlin apparently didn’t even need to be asked to write I Paid My Income Tax Today, according to historical records...

  • Tax

Nine additional speakers added to DAUK Tax Day line-up

Nine additional speakers – including American Citizens Abroad's legal counsel Charles Bruce, Dunhill Financial's Brian Dunhill, and Waverton Investment Management director Andrew Vaughan-Payne – have been added to the line-up for the Democrats Abroad U.K.'s  first-ever "Tax Day" next month.

  • Tax

Little-known Irving Berlin song celebrates payment of one’s taxes

If the U.S. Internal Revenue Service has recently issued a call for a songwriter to come up with a melody celebrating the paying of one’s income taxes, we aren’t aware of it.

Back in 1942, though, Irving Berlin apparently didn’t even need to be asked to write I Paid My Income Tax Today, according to historical records...

  • Tax

Sunday Express: 'U.S. taxman eyes up raid on Harry's fortune'

The U.K.'s royal family is looking to recruit "a firm of U.S. financial consultants" to help its in-house aides as they "struggle to deal with the Duchess of Sussex's "American tax 'nightmare'," a U.K. Sunday newspaper is reporting today, in what it says is an exclusive report.

  • Tax
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Opinion

You really know you're an American expat when...

You really know you're an American expat when...

Like folks everywhere, Americans are often surprised to discover how different things can be when they live abroad. Sometimes the differences are small; sometimes they're hilarious. In recent years, as...

Nov-25-2021