BREAKING: Monte Silver vows to pursue his Transition Tax, GILTI lawsuits 'to the very end'

Monte Silver, the Israel-based U.S. tax attorney who recently saw his and his company's legal attempt to challenge the Transition Tax element of former Donald  Trump's 2017 Tax Cuts and Jobs Act dismissed on a technicality, says he's now decided to appeal the March 28 decision, and is inviting supporters and other expat small-business owners to help him finance it.  

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SEAT reminder: 'April 7 is deadline for you to tell Senate Finance C'ttee how well U.S. int'l tax regime works for you'

As we reported here last week, the U.S. Senate Finance Committee held a hearing last month on “How U.S. International Tax Policy Impacts American Workers, Jobs, and Investment." Many in the American expatriate community felt that the hearing focused almost exclusively on major U.S. corporations, with no mention made at all of America's 7 million to 9 million tax-paying expats, let alone the tax issues many of them struggle with...

40-year NZ-resi American dual national, to Senate Finance C'ttee: 'Please consider us expats too!'

On Friday, April 2, the Washington, D.C.-based Institute on Taxation and Economic Policy published a report that has rocked the American expatriate community, with its revelations that "at least 55 of the largest corporations in America paid no federal corporate income taxes in their most recent fiscal year, despite enjoying substantial pretax profits in the United States".  The reason these expats were stunned is because many of them struggle with significant tax reporting obligations to the U.S...

Ahead of new beneficial ownership regs, FinCEN seeks public comment by May 5

FinCEN, the U.S. Treasury Department bureau that's best known to many American expats for its role in overseeing the receipt of Foreign Bank Account Reports each year, is seeking public comment on proposed measures it's considering introducing, as part of an overall U.S. strategy of requiring significantly  greater reporting of beneficial ownership information.

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As expat small-biz owners struggle, new report shows dozens of U.S. multi-nationals paid $0 Fed taxes in 2020

Days after an American owner of a small business located outside of the U.S. lost his legal bid to fix what he said was the harsh and unfair treatment by President Trump's 2017 tax reform bill of small businesses like his, a new study reveals that at least 55 of America's largest companies paid no taxes last year on billions of dollars in profits – helped in part by the same Trump legislation.

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Opinion

SEAT reminder: 'April 7 is deadline for you to tell Senate Finance C'ttee how well U.S. int'l tax regime works for you'

SEAT reminder: 'April 7 is deadline for you to tell Senate Finance C'ttee how well U.S. int'l tax regime works for you'

As we reported here last week, the U.S. Senate Finance Committee held a hearing last month on “How U.S. International Tax Policy Impacts American Workers, Jobs, and Investment." Many in...

Apr-06-2021