News

US Congress seeking comments on recent tax reform bill by October 9

A deadline of October 9 has been set for Americans who have been adversely impacted by the 2017 Tax Cuts & Jobs Act to tell Congress of their experiences.

September 23, 2018
News

U.S. expands Foreign Earned Income Exclusion entitlement to key 'combat zone' support entities

The U.S. has announced it is extending the right to qualify for the Foreign Earned Income Exclusion (FEIE) to U.S. citizens and resident aliens who can demonstrate that they have supported the U.S. Armed Forces in designated combat zones, even if their “abode", or tax home, were in the United…

September 20, 2018
Tax
By Helen Burggraf

Israel-based American overseas tax advocate issues ‘call to action’

A U.S. tax law specialist based in Israel is calling for those Americans abroad and in the U.S. impacted by Washington’s recently-introduced Repatriation/GILTI tax regime to let the U.S. Treasury and IRS know of their concern by October 7 – anonymously.

September 16, 2018
Legislation
By Helen Burggraf

U.S. secures first FATCA conviction as extradited banker pleads guilty

United States prosecutors registered their first-ever successful prosecution under the Foreign Account Tax Compliance Act, after the former chief executive and chief business officer of a St Vincent and the Grenadines-based bank pleaded guilty to "conspiring to defraud the United States by failing to comply" with the legislation.

September 13, 2018
News

Jersey's new LLC legislation to accommodate US institutions, fund managers

The Channel Island of Jersey has become the latest financial services jurisdiction to introduce so-called Limited Liability Companies (LLCs) legislation, in a bid to boost its appeal to such U.S. financial services entities as fund managers and financial institutions.

September 13, 2018
News

Non-partisan discussion set for London on efforts to end U.S. citizen-based tax regime

A panel discussion that will consider recent and growing efforts to convince U.S. lawmakers to end America’s increasingly-unpopular “citizenship-based” tax regime is set to take place at a venue in the Mayfair district of London, on the 18th of September.

September 12, 2018
Legislation
By Helen Burggraf

George Holding’s bill: What we know so far

Over the last few months, details have begun to emerge about soon-to-be-introduced legislation aimed at making the U.S. tax regime less unforgiving for the 9 million Americans estimated to live overseas, growing numbers of whom say they feel they now have no choice but to renounce their U.S. citizenships.

September 9, 2018
Tax
By Helen Burggraf

Left to right: Jim Gosart, Olivier Wagner, Solomon Yue, John Richardson

Expert panel sees imminent end to expat-hated U.S. tax regime

A panel of tax and business experts who have been lobbying for years to end the U.S.’s citizenship-based tax regime has said they believe planned legislation – specifically aimed at addressing some of the worst of the problems such expats have been struggling with – actually stands a chance of…

September 9, 2018
Tax
By Helen Burggraf

Focus Financial Partners' shares rise in first day on Nasdaq

Focus Financial Partners, a New York-based financial advisory organization that counts firms based in the U.K., Canada and Australia among its members, saw its shares rise more than 10% immediately after their debut on the Nasdaq stock exchange yesterday.

July 27, 2018
Wealth Management
By staff writer

Europe’s ‘accidental Americans’ are latest to seek backing of their local gov’ts against U.S.

The efforts by Fabien Lehagre’s Association des Américains Accidentels and other Europe-based groups of accidental Americans to seek the assistance of their local governments in their battle against the U.S.’s extraterritorial tax claims on them are the latest in a number of similar campaigns in recent years by other similar…

July 11, 2018
Legislation
By Helen Burggraf

EU lawmakers approve resolution backing European ‘accidental Americans’

European lawmakers last week gave a potentially significant boost to a growing band of Europe-based “accidental Americans,” who have been campaigning to engage European government officials to back their request to be allowed to cast off their American citizenship (and thus their taxation by the U.S.) more easily and cheaply…

July 11, 2018
News

News

US Congress seeking comments on recent tax reform bill by October 9

U.S. expands Foreign Earned Income Exclusion entitlement to key 'combat zone' support entities

Israel-based American overseas tax advocate issues ‘call to action’

U.S. secures first FATCA conviction as extradited banker pleads guilty

Jersey's new LLC legislation to accommodate US institutions, fund managers

Non-partisan discussion set for London on efforts to end U.S. citizen-based tax regime

George Holding’s bill: What we know so far

Expert panel sees imminent end to expat-hated U.S. tax regime

Focus Financial Partners' shares rise in first day on Nasdaq

Europe’s ‘accidental Americans’ are latest to seek backing of their local gov’ts against U.S.

EU lawmakers approve resolution backing European ‘accidental Americans’

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Acronyms

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

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

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

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

U.S. Citizenship and Immigration Services to close all but seven of its overseas offices

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

‘Dem sponsor needed’ for expat tax fairness bill, Rep. Holding tells London gathering

U.S. government report acknowledges problems with FATCA reporting

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