updated 8:15 PM CEST, Aug 23, 2019

News

Somalia's president reveals he's renounced his American citizenship

Somalia president Mohamed Abdullahi Mohamed (also known as Mohamed Abdullahi Farmajo) has officially announced that he voluntarily renounced his U.S. citizenship, acquired during time he'd spent in the country some years back when he was a student and briefly was employed there.
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IRS letter campaign puts cryptocurrency investors on notice

The U.S. Internal Revenue Service has begun sending "educational letters" to U.S. taxpayers who have been engaging in "virtual currency transactions" and whom it says either "potentially failed to report income and pay the resulting tax" they were seen to owe on certain of these virtual currency transactions, or failed to "report their…

U.S. unveils hike in price of investment visa to US$900,000

Wealthy Chinese citizens (and others) hoping to invest their way to a U.S. passport will soon need to pay more, as the price for America’s popular immigrant investment visa is set to rise later this year to $US900,000, from its current US$500,000.
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Austin, Texas's Keller Williams adds outpost in Malaysia

Keller Williams, a privately-held, Austin, Texas-based, globally-focused real estate technology franchise business, has announced the awarding of a new "master franchise" to a business in Malaysia, giving it a foothold in the country for the first time.
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Canadian court is latest to reject FATCA legal challenge

A Federal Court in Ottawa on Monday dismissed the latest legal effort by two dual Canadian/U.S. citizens to block Canada’s implementation of the U.S.’s Foreign Account Tax Compliance Act, dealing a blow to thousands of Americans with dual citizenship and consequent tax obligations not just in Canada but, supporters of…
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