40-year NZ-resi American dual national, to Senate Finance C'ttee: 'Please consider us expats too!'

On Friday, April 2, the Washington, D.C.-based Institute on Taxation and Economic Policy published a report that has rocked the American expatriate community, with its revelations that "at least 55 of the largest corporations in America paid no federal corporate income taxes in their most recent fiscal year, despite enjoying substantial pretax profits in the United States".  The reason these expats were stunned is because many of them struggle with significant tax reporting obligations to the U.S...

Ahead of new beneficial ownership regs, FinCEN seeks public comment by May 5

FinCEN, the U.S. Treasury Department bureau that's best known to many American expats for its role in overseeing the receipt of Foreign Bank Account Reports each year, is seeking public comment on proposed measures it's considering introducing, as part of an overall U.S. strategy of requiring significantly  greater reporting of beneficial ownership information.

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As expat small-biz owners struggle, new report shows dozens of U.S. multi-nationals paid $0 Fed taxes in 2020

Days after an American owner of a small business located outside of the U.S. lost his legal bid to fix what he said was the harsh and unfair treatment by President Trump's 2017 tax reform bill of small businesses like his, a new study reveals that at least 55 of America's largest companies paid no taxes last year on billions of dollars in profits – helped in part by the same Trump legislation.

U.S. District Court rules against Monte Silver Transition Tax challenge

In a ruling that has surprised many in the expatriate American community, a U.S. District Court in Washington, D.C. has officially declared Tel Aviv-headquartered U.S. tax attorney Monte Silver and his company "lack constitutional standing to pursue their claims" – thus ending, at least for now, Silver's feisty effort to force the U.S. Treasury to take small overseas businesses owned by Americans into account in its enforcement of President Trump's Tax Cuts and Jobs Act.  

AXFNJ Podcast: What Americans abroad ('mini-multinationals') are to make of last week's Senate Finance C'ttee hearing

"How U.S. international tax policy impacts American workers, jobs, and investment" may have been the official title of last week's Senate Finance Committee hearing, but according to John Richardson, Toronto-based lawyer and regular commentator on the ever-evolving American expat tax and citizenship regime, "that title had almost nothing to do with what actually transpired" during the two-and-a-half hour event.

Even though, he adds, it should have...

SEAT, to American expats: 'Tell Senate Finance C'ttee how U.S. int'l taxation regime affects you now'

Last Thursday (March 25), the U.S. Senate Finance Committee held a hearing on “How U.S. International Tax Policy Impacts American Workers, Jobs, and Investment."

We, at Stop Extraterritorial American Taxation, believe the hearing revealed a concerning lack of awareness on the part of many, if not most, top U.S. lawmakers about how a significant proportion of America's expatriate community actually lives, files U.S. tax returns, and when required, pays taxes to the U.S...

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Opinion

SEAT reminder: 'April 7 is deadline for you to tell Senate Finance C'ttee how well U.S. int'l tax regime works for you'

SEAT reminder: 'April 7 is deadline for you to tell Senate Finance C'ttee how well U.S. int'l tax regime works for you'

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