Two dual Canadian/U.S. citizen plaintiffs in a long-running legal effort to block Canada’s implementation of the U.S.’s Foreign Account Tax Compliance Act have launched an appeal in Canadian Federal Court in Ottawa, after their most recent attempt to challenge the law was dismissed in July.
Preet Kaur Gill, the British Labour Party member of Parliament who formally wrote to British Prime Minister Boris Johnson last month on behalf of one of her U.S.-born-but-British constituents to enquire as to his plans with respect to standing up for so-called "accidental Americans" living in Britain, has received a one-page, five-paragraph letter of response, from Treasury minister Jesse Norman, the American Expat Financial News Journal has learned.
Nine additional speakers – including American Citizens Abroad's legal counsel Charles Bruce, Dunhill Financial's Brian Dunhill, and Waverton Investment Management director Andrew Vaughan-Payne – have been added to the line-up for the Democrats Abroad U.K.'s first-ever "Tax Day" next month.
The Universal Postal Union has agreed to reform its fee structure in line with a tarriff structure proposed by the U.S., averting what the American Citizens Abroad and others had warned could have been a major problem for American expats.
Dutch tax minister Menno Snel has said that his country's banks and financial institutions should not feel a need to panic over those of their so-called "accidental American" account-holders who lack U.S. Social Security numbers and other key data soon to be required by the U.S. tax authorities, as he has been assured that any repercussions for failing to comply with the regulations in question could be delayed by as long as several years.
The number of Americans who are heading overseas to retire leapt by 40% between 2007 and 2017, according to Social Security Administration data, and the trend is expected to continue, as growing numbers of Baby Boomers are discovering they didn't save enough to maintain their standard of living at home, a CBS News report has revealed.
For the past four years, U.S. born, France-resident and French-speaking Fabien Lehagre has been fighting a tireless and increasingly hard-to-miss battle on behalf of all of France's and Europe's "accidental Americans"...
For the past four years, U.S. born, France-resident and French-speaking Fabien Lehagre has been fighting a tireless and increasingly hard-to-miss battle on behalf of all of France's and Europe's "accidental...
Sep-23-2019
