American Citizens Abroad responds to IRS 'procedures' with re-issue of call for Same Country (FATCA) Exemption

The American Citizens Abroad has officially welcomed the U.S. Internal Revenue Service's announcement last Friday of a set of "new procedures" that it said would enable "certain" expatriates to avoid key taxes normally associated with renouncing, but renewed its call for a "Same Country Exemption" to the FATCA regulations – which are the reasons "certain" expatriates are in need of the IRS's help in the first place – to be be introduced.

  • Tax

Dems Abroad: Americans Abroad Caucus co-chair Maloney planning to re-introduce two expat-friendly bills

New York Representative Carolyn Maloney, a Democrat who is co-chair of a Congressional group known as the Americans Abroad Caucus, is planning to re-introduce two bills of interest to Americans abroad, one of which calls for the creation of a "standing commission" that would review all laws that are currently having an adverse impact on Americans resident abroad, and also work to prevent new laws from being enacted that inadvertently harm non-resident Americans.

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Opinion

FATCA: The 2010 'tax evasion law' that's 'now an extra-territorial money-sucking machine'

FATCA: The 2010 'tax evasion law' that's 'now an extra-territorial money-sucking machine'

Over the last few weeks and months, more media attention than usual has been paid to the 2010 Obama law known as the Foreign Account Tax Compliance Act (FATCA). And...

Oct-22-2019