News

New York is one of a number of U.S. cities that benefit from the country's importance as a global financial center (and, some are saying, tax haven)

U.S. tops TJN's latest Secrecy Index, with 'record' secrecy score attributed to 'failing' on 'info exchange' front

The U.S. has moved up to the top spot in the London-based Tax Justice Network's "Financial Secrecy Index," published today, with what the organization said was "the worst rating ever recorded" by a jurisdiction since it began ranking countries on the basis of their financial secrecy in 2009.

May 17, 2022
News

Int'l panel to discuss Tax Justice Network's latest Financial Secrecy Index today, via Zoom

Al Jazeera broadcast journalist Maryam Nemazee today will be moderating an online discussion, free and open to the public, on the subject of the Tax Justice Network’s just released Financial Secrecy Index.

May 16, 2022
News

TIGTA reports: an interim report on the 2022 filing season; and 'strategy needed' to grow electronic filing of biz returns

The U.S. Treasury Inspector General for Tax Administration (TIGTA) this month has published two reports that consider differing aspects of the Internal Revenue Service's recent performance – and has arrived at many of the same conclusions that the National Taxpayer Advocate, Erin M. Collins, did, in her annual report to Congress…

May 13, 2022
Tax
By Helen Burggraf

Citi launches SEPA Instant Payments in Europe

Citi, the New York-headquartered bank with a global presence that many American expats rely on, has announced the launch of Single Euro Payments Area (SEPA) Instant Payments services in Europe, a development that it says will increase its global instant payments offering.

May 12, 2022
News

Tax and financial planning webinars & other events on offer during May, June 2022

May was slow to get going, but now that we're halfway through the month, a number of tax, financial planning and other sorts of webinars and events are scheduled to see us into June...(see below)...

May 12, 2022
News

U.S. citizenship relinquishment services return to UK, France...

...but expats say they're still very much on hold in Australia Americans living in the UK and France who have been waiting for more than two years to relinquish, or give up, their U.S. citizenships are now once again able to do so, as the U.S. offices that handle such…

May 5, 2022
News

Guernsey's finance industry's marketing body names first-ever U.S. biz dev director

Guernsey Finance, the marketing arm for the Channel Island of Guernsey's financial services industry, has named a business development representative for the United States, the first time it has ever hired anyone for that role exclusively.

May 5, 2022
News

Citi 'further expands' its European private banking biz

Citigroup, the New York-based, NYSE-listed, multinational banking company that many U.S. expats still have accounts with, has announced that it's expanding its private banking business in Europe, with new offices set to open in Germany and France.

May 5, 2022
News

Rebecca Lammers is IRS Taxpayer Advocacy Panel's new overseas rep

Months after many observers might have expected to hear who’d been chosen to succeed Paris-based American expat campaigner Laura Snyder as the IRS’s sole overseas member of a grass-roots voluntary organization known as the Taxpayer Advocacy Panel, it’s at last emerged that London-based Rebecca Lammers has been chosen for the…

May 4, 2022
News

Latest U.S. renunciation numbers top 500, even as many 'Loss of Nationality' offices remain closed

More than 500 names have appeared on the U.S. government's latest list of Americans who have, as the Federal Register (where the names appear) puts it, chosen to expatriate," a relatively low quarterly number, given that only four quarters in the past six years have contained fewer names. (See table, above.)

April 27, 2022
News

Major ACA/DEG analysis finds U.S. move to residence-based tax regime 'could be revenue-neutral'

A major – and eagerly awaited by many – economic analysis of how the U.S. might most easily and efficiently move to a residence-based tax regime, crowd-funded and organized by the American Citizens Abroad, has found that such a move could be done "without the U.S. Treasury losing revenue".

April 24, 2022
News