Although 2020 is still set to be the peak year for U.S. citizenship renunciations, the latest list of quarterly renunciants' names – published yesterday – contains fewer than a third of the numbers published in both the first and second quarters of this year.
Partners Wealth Management, a London wealth management firm that specializes in looking after high-net-worth clients, including American expats, has named two experienced wealth managers to join the firm as partners, as it expands its international operations.
A survey of U.S. residents has found 16% say they "would consider leaving" the U.S. if the presidential candidate they support looses the election next week, up from 9% in 2016.
The struggles being faced by so-called accidental Americans, who are being told that they risk losing their bank accounts in the countries in which they live and are citizens, unless they formalize or take steps to renounce their U.S. citizenship – which they only recently discovered they are deemed to possess – has been covered by a Washington Post journalist.
Stop Extraterritorial American Taxation, or SEAT, is the name of a new education and advocacy organization that's been formed by a half a dozen individuals who are already well known in the community of Americans living overseas.
As part of its launch, the international not-for-profit group, which is based in France and headed by lawyer and Taxpayer Advocacy Panel member Dr. Laura Snyder, is unveiling a survey it says is "aimed at learning more about how persons living outside the United States experience the extraterritorial application of U.S. taxation and banking policies".
A hard-line written response by Dutch Finance Minister Wopke Hoekstra to the latest in a series of questions put to him and other Dutch officials over the past two years, about the banking problems so-called “accidental Americans” have been struggling with, has thrust the issue back into the media spotlight in the Netherlands, at least, since it was posted on the Dutch government's website on Oct. 6.
Ronald Ariës is a 62-year-old Dutch citizen, who is retired from KLM, the Dutch airline. He is one of "dozens" of Dutch citizens who have been told that they "will soon lose their bank accounts" because they are "unintentionally American", but are resisting their banks' insistence that they formalize their American status by getting a Tax Identification Number, so that the banks will be able to comply with the U.S. tax evasion law known as FATCA, according to a report published last week by NRC Handelsblad, a major Dutch media organization, the website of which is NRC.nl.
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
