Eleven years ago today, in the Rose Garden of the White House, President Obama signed the Foreign Account Tax Compliance Act into law – buried inside a domestic jobs bill known as the HIRE Act.
There's not much to say about FATCA that we and others didn't last year, when we marked the anti-tax evasion law's 10-year anniversary, as not a lot has changed about it since then.
As of today, the U.S. government has officially "disbursed approximately 90 million Economic Impact Payments" to Americans across the U.S. and abroad, according to a statement issued jointly by the IRS, Treasury Department and Bureau of the Fiscal Service.
Sanctuary Wealth, an Indianapolis, Indiana-based wealth management company that last year announced plans to expand into the international market, has unveiled a new outpost in Miami that it says will target Latin America.
A Swiss private bank that is said to be Zurich's oldest has agreed to pay the U.S. Justice Department US$22 million, in return for avoiding prosecution on grounds that it had helped certain of its American clients to avoid their U.S. tax obligations.
Two long-serving Democratic congressmen yesterday unveiled what they're calling the Stop Tax Haven Abuse Act, which they say would "close egregious offshore tax loopholes that allow companies to avoid taxes" by making their U.S.-made profits to "magically appear on the books in tax havens like the Cayman Islands."
YouTube, the giant, San Bruno, California-based online video-sharing platform, has stunned video content "creators" around the world with its announcement this week that it will soon begin to deduct taxes from their YouTube earnings for the first time, because its parent, Google LLC, says it must.
A major and potentially precedent-setting legal challenge to a key component of President Trump's December 2017 tax reform legislation, as it applies to "controlled foreign corporations", will move at last to a U.S. district courtroom in Washington, D.C. on Monday, more than two years after it was launched.
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
