New AXFNJ acronyms for expats

It's hard to believe now, given how events have unfolded over the subsequent 24 years. But back in the months and years leading up to 1997, as preparations were underway for the British colony of Hong Kong to be "handed" back to China, there were genuine concerns that Hong Kong would lose its place as one of Asia’s most important and booming cities.

In those days, China wasn’t open to the outside world the way it soon began to be, and there was a sense that Hong Kong would become like the rest of that country was then  rather than the booming British outpost, and gateway to China, that it was considered to be...

  • News

Four House members urge Ways & Means to consider 'simplified tax form for expats' as ACA holds out for RBT

As news broke on Tuesday that four members of the U.S. House of Representatives had co-signed a letter to House Ways & Means Committee Chairman Richard Neal, in which they asked that a simplified, "short form" tax return be provided to American citizens who file their U.S. taxes from abroad, some expat campaigners and advocacy organizations insisted that such a simplification would not be enough.

FinCEN seeks public comment on new regs for the antiquities trade

The Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department bureau that's best known to many American expats for its role in receiving Foreign Bank Account Reports from them every year, is seeking comments from the public on a package of new regulations it is proposing to introduce to the antiquities trade.

  • News

Uncle Sam Reminds YOU: Tax Day for expats who got extensions is Oct. 15

Uncle Sam – in the rather more official (and less colorful) form of the Internal Revenue Service – is reminding U.S. expats that as it is now October, this means they only have two weeks left to get their U.S. tax returns in, if they opted to take advantage of the extension that lets such taxpayers have until Oct. 15 to file their 2020 returns.

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Opinion

Tax Research's Richard Murphy: The real Pandora Papers message – 'Offshore's big issue now is the fight to save democracy'

Tax Research's Richard Murphy: The real Pandora Papers message – 'Offshore's big issue now is the fight to save democracy'

The world – including its banks, cross-border financial services institutions and even many governments – has come a long way since the Richard Murphy and others founded the Tax Justice Network in around 2003...

Oct-08-2021