The Democrats Abroad's Global Presidential Primary, which kicked off on March 3 ("Super Tuesday"), will wrap up this coming Tuesday, as expat Democrats who live outside the U.S. turn out to support their candidate of choice to take on President Trump in November.
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 possibility of the U.S. moving away from its globally-all-but-unique citizenship-based tax regime, to one based on residency.
The election of an American-born woman to Parliament in last December's General Election has kept the ranks of American-born MPs steady at three, as New York-born Boris Johnson left the House of Commons at the same time to take on the role of prime minister.
Dutch Parliamentarians have submitted a list of some 25 questions on the subject of "banks that, in response to the U.S. FATCA legislation, are refusing to provide services to Dutch nationals who also have American citizenship" to the country's treasury minister and deputy treasury minister, in the latest development in a long-running issue about how non-U.S. financial institutions should handle the accounts of those of their 'accidental American' clients who lack so-called tax information numbers (TINs).
The U.S. Treasury this week revealed that it had met last Tuesday and Wednesday in Washington with representatives from a number of EU organizations, including the European Commission, European Banking Authority and the European Securities and Markets Authority, "to exchange views on financial regulatory developments". It said the meetings had taken place as part of ongoing regulatory discussions between the Treasury and the EU entities.
Top officials from the Internal Revenue Service’s Criminal Investigation unit have been meeting this week in Sydney with their counterparts from Australia, Canada, the Netherlands and United Kingdom to "review" and "set priorities" in their joint "fight against trans-national tax crime," the IRS has revealed.
The U.S. has overtaken Switzerland in the London-based Tax Justice Network's "Financial Secrecy Index", published today, but the top spot this year has been awarded to the Cayman Islands.
The spread of the deadly COVID-19 pandemic is wreaking havoc on most Americans’ finances, prompting the federal government to delay 2019 tax filing and payment due dates to July 15. Here, Ross...
Mar-28-2020
