London-based Stonehage Fleming, one of the largest multi-family office groups in the EMEA region, has become the latest high-end wealth manager to join Florida's growing wealth management sector, with the opening of a new representative office in the Brickell Avenue district of Miami.
Dutch Tax Affairs and Tax Administration secretary Marnix van Rij said on Wednesday that he plans to ask – for a second time – that the country's data protection authority, known as the Autoriteit Persoonsgegevens, or AP, revisit the U.S. tax law known as FATCA, in view of significant data protection concerns that were first raised in 2020 by the European Court of Justice's striking down of the main mechanism that EU member states have traditionally relied on to protect the personal data of their citizens.
In what many tax lawyers and others have long hoped it would do, the U.S. Supreme Court has at last agreed to consider a so-called "non-willful FBAR penalty" case, which is expected to result in clarification as to how the penalties in such non-willful FBAR matters should be determined.
Around 26% of some 3,200 American expats living in 121 countries around the world say they are either definitely "planning to renounce" their U.S. citizenships or are "seriously considering" doing so – with most citing the tax issues they, as U.S. expats, are obliged to deal with as the reason, according to summary of the findings of Greenback Expat Tax Services' latest annual survey.
June 15 may be best known to many as the day that, in 1215, the Magna Carta – a precedent-setting "royal charter of rights" – was signed (by the application of a seal) by King John of England, at a place called Runnymede.
To millions of American expats around the world, though, it is famous for being the day that their U.S. taxes are due, unless they've applied for an extension to October – which they are within their rights to do, but it's not automatically given to them...
Following on from a written commitment made back in February by France's economy minister, Bruno Le Maire to the head of a France-based "accidental American" advocacy group – in which Le Maire stated that issues relating to the American law known as FATCA would be a priority during France's six-month Council of the European Union presidency, which began in January – a debate on the subject is now scheduled to take place in the Dutch House of Representatives (known as the Tweede Kamer) next week.