China has begun coming after some of its citizens living abroad to collect taxes – making good on its previously-disclosed plans to get some of its taxpayers who are resident outside of the country to contribute to their home country’s tax coffers, Bloomberg, the South China Morning Post and other major media organizations have reported over the last few days.
With Tax Day for Americans around the world looming tomorrow (July 15), we thought it would be a good time to call attention to a rather quirky collection of tax quotations that we stumbled on, buried deep inside the IRS’s website...
Interactive Brokers, the Greenwich, Connecticut-based online discount brokerage firm, has opened an outpost in Singapore, as it continues to grow its international business.
The Internal Revenue Service will start examinations of several hundred high-net-worth (HNW) taxpayers beginning July 15, according to media reports and press releases by tax preparation companies with high-net-worth and large and international businesses.
Monte Silver, the American tax attorney resident in Israel who has been challenging elements of President Trump’s 2017 Tax Cuts & Jobs Act (TCJA) that he says would devastate small overseas businesses run by Americans – such as his – said final regulations issued by the U.S. Treasury Department yesterday represented a “huge win for our advocacy”.
In a case experts say has potentially major repercussions for expatriate Americans, the U.S. District Court for the Eastern District of Texas has ruled that the penalty for so-called "non-willful violations" of the U.S. Foreign Bank Account Reporting regulations should be calculated on a "per-FBAR", rather than per account, basis.
The U.S. born, UK-resident woman whose crowd-funded complaint over data protection violations she alleged had resulted from the way HMRC had forwarded her personal information to the U.S. was recently not upheld by the UK's Information Commissioner's Office (ICO), is actively considering lodging a judicial review – but says that her legal advisers have told her she'll need to secure "£75,000 within the next 10 days" if she is to do so.
Many overseas Americans – even more, in percentage terms, than their homeland counterparts – don’t vote. A common attitude among such expats is expressed by one thirtysomething New Yorker, who was...
Jun-06-2020
