Laura Snyder, the only international representative on the IRS's Taxpayer Advocacy Panel, will discuss what the TAP does and "why it matters for overseas taxpayers" in the American Citizens Abroad's latest monthly podcast, which will go live next Tuesday.
Goldman Sachs, the giant New York-based investment bank that in recent years has been moving into the individual wealth management sector, has confirmed that for the time being, at least, it is unable to offer its Marcus-branded services to Americans resident outside of the U.S., owing to FATCA concerns.
The UK's Information Commissioner's Office has given HM Revenue & Customs 20 days to respond to queries having to do with a crowd-funded legal case against FATCA being brought by an American expat known publicly as “Jenny”.
On March 18, 2010, President Obama signed the Foreign Account Tax Compliance Act into law. Surprising as it might now seem to some, the fact went virtually unnoticed by the world's media, as the legislation was buried deep inside a domestic jobs bill known as The HIRE Act.
With the New Hampshire Democratic Primary set for next Tuesday, and, as reported, the Democrats Abroad's Global Presidential Primary scheduled for March 3 to 10, expats are increasingly desperate to know where the candidates stand on such key issues as FATCA, citizenship-based taxation and President Trump's Tax Cuts and Jobs Act.
None of the candidates thus far, however, has shown quite the same level of enthusiasm for going on the record in detail with respect to their positions on such topics...
Representatives from two American expat organizations that met yesterday with around half a dozen members of the Dutch House of Representatives in the Hague said they believed that their urgent call for government action to deal with the problems of thousands of bank accounts belonging to "accidental Americans" being closed was at least acknowledged, and the groundwork laid for further discussions.
The U.S. Internal Revenue Service this week undertook what it called a "globally-coordinated day of action to put a stop to the suspected facilitation of offshore tax evasion", in partnership with the tax authorities of the UK, Canada, Australia and the Netherlands.
As awareness of the problems associated with the Obama-era law known as the Foreign Account Tax Compliance Act (FATCA) has gradually become more widespread, there's been more discussion about the...
Feb-23-2020
