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

Joint Tax Committee report: TCJA saw U.S. multinationals pay less tax, invest more

U.S. multinational companies paid significantly less U.S. corporate taxes in the wake of the coming into force of President Trump's 2017 Tax Cut and Jobs Act, both domestically and abroad, according to a report published last week by the congressional Joint Committee on Taxation.

March 25, 2021
Tax
By staff writer

An anti-FATCA protest in October, 2013 in Toronto by members of the Isaac Brock Society campaign group An anti-FATCA protest in October, 2013 in Toronto by members of the Isaac Brock Society campaign group

Questions being asked, after info request revelations of Canadian FATCA transfer data

American expats and spokespeople for organizations representing them have been asking questions about the scale of U.S. expat data being forwarded to the U.S. under the Foreign Account Tax Compliance Act, after the latest Canadian Revenue Agency (CRA) report of such data revealed that around two thirds of the accounts…

March 23, 2021
News

New paper to show 'high-income US tax avoidance far larger than thought'

American households accounting for the top 1% in annual income are managing to avoid significantly more in income taxes than had been previously assumed, a research paper due to be released later today by the Internal Revenue Service and academics will reveal.

March 22, 2021
Tax
By Helen Burggraf

l’Assn des Américains Accidentels sounds alarm as BNP Paribas warns of account closures

The Paris-based Association of Accidental Americans has announced that several of its members have been told that they face the closure of their BNB Paribas Private Bank accounts within two months, as they have failed to provide the bank's officials with a U.S. Social Security Number (SSN), which they don't…

March 22, 2021
News

U.S. Transition Tax lawsuit continues to focus on plaintiff Silver's right to bring challenge

More than a year after a U.S. District Court judge ruled that Tel Aviv-headquartered U.S. tax attorney Monte Silver could go ahead with his legal challenge to a key component of President Trump's December 2017 tax reform legislation, his right to bring the challenge is continuing to be the central issue…

March 18, 2021
News

How well do you know your FATCA?

Without really meaning to, many American expatriates as well as tax industry experts, lawyers and others have become experts on the subject of FATCA over the past decade-plus that it's been around. So we thought it might be fun, for a change, to mark the occasion of FATCA's coming into…

March 18, 2021
Legislation
By Helen Burggraf

Members of the Association of Accidental Americans demonstrate in November, 2018, on the Île aux Cygnes (Isle of Swans) in Paris, minus their invited guest (President Trump)

March 18, 2021: FATCA turns 11

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…

March 18, 2021
News

News

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'

Joint Tax Committee report: TCJA saw U.S. multinationals pay less tax, invest more

Questions being asked, after info request revelations of Canadian FATCA transfer data

New paper to show 'high-income US tax avoidance far larger than thought'

l’Assn des Américains Accidentels sounds alarm as BNP Paribas warns of account closures

U.S. Transition Tax lawsuit continues to focus on plaintiff Silver's right to bring challenge

How well do you know your FATCA?

March 18, 2021: FATCA turns 11

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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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