News

Accidental Americans' assn files appeal after Luxembourg declines to halt FATCA transfers

The Association of Accidental Americans has filed an appeal with the Luxembourg Administrative Tribunal against a decision by the Luxembourg tax authorities not to halt transfers of the personal data of Americans resident in the country to the U.S., in compliance with FATCA.

April 8, 2021
News

BREAKING: Monte Silver vows to pursue his Transition Tax, GILTI lawsuits 'to the very end'

Monte Silver, the Israel-based U.S. tax attorney who recently saw his and his company's legal attempt to challenge the Transition Tax element of former Donald Trump's 2017 Tax Cuts and Jobs Act dismissed on a technicality, says he's now decided to appeal the March 28 decision, and is inviting supporters…

April 6, 2021
News

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…

April 5, 2021
News

The financial district of lower Manhattan

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…

April 2, 2021
Tax
By Helen Burggraf

April 13 deadline for 29 Swiss banks to forward U.S. client data under FATCA, Switzerland tax authority warns

Some 29 Swiss banks, including UBS, Credit Suisse, Julius Baer and J. Safra Sarasin, have been warned that they have until April 13 to provide the U.S. tax authorities with information on their U.S. account-holders, as part of Switzerland's agreement to comply with the American anti-tax evasion law known as…

April 2, 2021
News

U.S. District Court for the District of Columbia

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…

March 31, 2021
Tax
By Helen Burggraf

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…

March 30, 2021
News

Tax and financial planning webinars, online events on offer, courtesy of U.S. expat groups, companies

While some cities, countries and jurisdictions are beginning to relax their lockdown rules somewhat, travel bans and other restrictions continue to prevent people from being able to meet up in anything like the way they would have in the days before the global Covid pandemic took hold last year...

March 29, 2021
News

Potentially significant ruling seen, as U.S. appeals court finds 'non-willful penalty' should apply 'per FBAR'

In the latest in a series of cases that experts say has potentially major repercussions for expatriate Americans, a U.S. District Court in California has ruled that the penalty for a so-called "non-willful" failure to file foreign bank account reports (FBARs) should be calculated on a "per-FBAR", annual form basis,…

March 26, 2021
News

Senate Finance Committee hearing: Dems unveil plans to overhaul Trump's Tax Cuts and Jobs Act

President Trump's 2017 overhaul of the U.S. tax system, known as the Tax Cuts and Jobs Act, appears destined for its own major overhaul, to judge by the prepared statements of a succession of the Democratic Party's top lawmakers that were delivered during a two-and-a-half-hour Senate Finance Committee hearing on…

March 25, 2021
Legislation
By Helen Burggraf

Senate Finance Committee to hear today how U.S. int'l tax policy is impacting 'American workers, jobs, investment'

The U.S. Senate's Finance Committee today will hear from a number of experts on how the country's "international tax policy" is impacting U.S. workers, jobs and investment, during a "virtual hearing" scheduled to begin today at 9:30am Washington time (1:30pm GMT).

March 25, 2021
Legislation
By staff writer

News

Accidental Americans' assn files appeal after Luxembourg declines to halt FATCA transfers

BREAKING: Monte Silver vows to pursue his Transition Tax, GILTI lawsuits 'to the very end'

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

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

April 13 deadline for 29 Swiss banks to forward U.S. client data under FATCA, Switzerland tax authority warns

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

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

Tax and financial planning webinars, online events on offer, courtesy of U.S. expat groups, companies

Potentially significant ruling seen, as U.S. appeals court finds 'non-willful penalty' should apply 'per FBAR'

Senate Finance Committee hearing: Dems unveil plans to overhaul Trump's Tax Cuts and Jobs Act

Senate Finance Committee to hear today how U.S. int'l tax policy is impacting 'American workers, jobs, investment'

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American Expat Essentials

Acronyms

Congressman Holding to discuss ‘Tax Fairness for Americans Abroad’ bill in London in April

'Accidental Americans' group launches 'major' letter-writing campaign targeting Congressional Dems

Charles Schwab telling clients in UK, Europe their accounts must move or be transferred by year’s end

Call for expats to be included in U.S. coronavirus relief efforts, as citizenship-based tax regime faces test

UK MP vows to continue speaking out on behalf of ‘accidental Americans’ living in Britain

Seven things that surprise Americans about U.K. mortgages, house-buying

Republicans Overseas calls for executive order to help expats ahead of prez election

U.S. finally publishes final 2018 renunciation data

Accidental Americans latest: French banks warn of potential need to close 40,000 accounts

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