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

EVENTS: Tax and investing/financial planning webinars on offer for U.S. expats

On the 18th of November the Democrats Abroad UK will be hosting a webinar that it says will offer viewers "the basics of U.S. tax filing requirements" specifically aimed at Americans living abroad.

Those who wish to watch it later, on demand, may do so, by paying a small fee to obtain a link that will give them 30 days of unlimited access to the webinar, a DAUK spokesperson said. 

  • Tax

Call for U.S. Treasury to fix 'Transition Tax' problems with 'de minimis rule'

The American Citizens Abroad, the main non-partisan Washington lobbying group representing American expats around the world, today urged the U.S. Treasury Department to introduce a so-called de minimis rule to its latest draft of new tax regulations, in order to address what it said were problems inherent in the legislation that, if not changed, would cause major problems for many U.S. citizens living abroad.  

  • News

U.S. passport revocation law comes to Expatland

 In 2015, Congress enacted a law that would revoke the passports of U.S. citizens who were “seriously delinquent” on their U.S. taxes. The enforcement threshold was set relatively high, however – at US$50,000 in outstanding tax, interest and penalties. (A provision was included to adjust annually for inflation going forward, so the amount now stands at US$51,000.) 

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Opinion

A renounced ‘accidental’ replies to UK gov’t’s Stride: ‘It’s not that we’re not British, we are – but we're also not really American'

A renounced ‘accidental’ replies to UK gov’t’s Stride: ‘It’s not that we’re not British, we are – but we're also not really American'

Last week, it was revealed that British Labour MP Preet Kaur Gill had received her second formulaic and non-committal response in two months to specific questions she had asked the...

Feb-19-2019