Last week, National Taxpayer Advocate Nina Olson retired from the role she held for 19 years. During this time, the IRS, of which the National Taxpayer Advocate's office is a part, adopted hundreds of her recommendations, and Congress introduced dozens of bills to implement others, 15 of which were signed into law, according to published accounts of Olson's legacy....
It is perhaps not surprising to hear that non-U.S. (or "foreign") trusts with U.S. owners can be tricky...
Last week, it was revealed that British Labour MP Preet Kaur Gill had received her second formulaic and non-committal response in two months to specific questions she had asked the UK government on behalf of one of her “accidental American” constituents.
Ever since President Trump unveiled his so-called Tax Cuts and Jobs Act just before Christmas in 2017, tax experts familiar with the complex way American expatriates are taxed have been sounding the alarm about what were initially assumed to be the unintended consequences of that legislation on American small-business owners overseas.
When the Hollywood version of Kevin Kwan's 2013 novel, Crazy Rich Asians, hit the world's cinemas recently, English-language commentators familiar with the multi-cultural Singaporean dialect took note of the "Singlish" words used in the film – such as "lah", which Singaporeans like to add to the end of a phrase for emphasis.
Although Brexit continues to dominate the media coverage of U.K. political matters, long-time watchers of the political scene know that before the month is out, the U.K. chancellor, Philip Hammond, will present his budget for the next financial year.
