Tax

Get professional advice to avoid risk of a ‘Boris’, U.S. expats in U.K. warned

Boris Johnson, who today was named to succeed Theresa May as Britain’s prime minister, is well known to Londoners for myriad reasons, including having unofficially lent his name to a bicycle-sharing scheme (“Boris bikes”) that was launched in 2010, and with which he, a keen cyclist himself, was associated.

July 23, 2019
Tax
By Helen Burggraf

Above, some of the more than 150 Accidental Americans Association members who took part in a demonstration last November, during President Trump's visit to France

'Accidentels' reel but vow to fight on, as France's Conseil d'Etat rules in support of current FATCA regime

So-called "Accidental Americans" in France and elsewhere in Europe expressed disappointment, and in some cases dismay, after France's top administrative court ruled that the current regime under which France provides information to the U.S. under its controversial Foreign Account Tax Compliance Act could stand, and didn't need changing or to…

July 20, 2019
Tax
By Helen Burggraf

IRS responds to Transition Tax lawsuit with 'Motion to Dismiss'

The Internal Revenue Service has moved to dismiss a lawsuit brought five months ago by Israel-based U.S. tax attorney Monte Silver – which challenged a key component of President Trump's December 2017 tax reform legislation as it applies to controlled foreign corporations – on grounds that Silver and his fellow…

July 3, 2019
Tax
By Helen Burggraf

Monte Silver: TCJA still a major problem, but some progress seen in recent GILTI revisions

President Trump's Tax Cuts and Jobs Act 2017, which took effect on Jan. 1, 2018, has been a huge issue for many Americans who own as little as 10% of a small overseas business. Caught up in a clumsy legislative effort aimed at such large multi-national American companies as Google and…

July 2, 2019
Tax
By Monte Silver

Andersen Tax name has its debut in Kuwait

Andersen Global, the San Francisco-based international tax and legal services entity, said that an accounting services firm in Kuwait will adopt the Andersen Tax name going forward, as it becomes a fully-fledged member of the Andersen group.

July 1, 2019
Tax
By Helen Burggraf

IRS formally announces it 'will [no longer] challenge' foreign tax credits on two French social services 'contributions'

The U.S. Internal Revenue Service said on Wednesday that it "will not challenge" the claiming of foreign tax credits against certain controversial payments that potentially thousands of American expatriates resident in France have been paying for years, and noted that taxpayers who wish to file a claim for refund of U.S. tax…

June 27, 2019
Tax
By Helen Burggraf

Proposed U.S. Corp. Transparency Act would mandate ownership disclosures

Each year, almost 2 million corporations and limited liability companies are created in the United States, under various regulatory structures. Yet, as has often been pointed out – especially recently, as the world moves slowly in the direction of ever greater transparency and disclosure – only a handful of U.S. states currently…

Supreme Court ruling set to impact non-U.S. companies selling into the American market

A U.S. Supreme Court ruling last June is expected to impact every company that sells goods or services into the U.S. – within months, weeks or days.

American couple in France in major win against IRS over tax

In a development that is being seen by American expat groups in France as a major win, the U.S. Internal Revenue Service has admitted in a U.S. Tax Court that it had wrongly collected millions of dollars of tax from France-resident American citizens, ending a years-long legal saga that could…

June 18, 2019
Tax
By Helen Burggraf

IMF managing director Christine Lagarde addresses G20 finance ministers in Japan earlier this month

OECD efforts to harmonize VAT tax rules coming down to wire

Businesses that sell goods and services across international borders may soon face major changes, as recently-unveiled plans by the Organisation for Economic Co-operation and Development to harmonize the way online commerce is taxed by governments around the world appear set to become law within a few years.

June 17, 2019
Tax
By Helen Burggraf

GILTI tax webinar on Thursday to feature tax lawyer Silver

Monte Silver, a well-known expert on – and critic of – President Trump’s Tax Cuts and Jobs Act, and the so-called GILTI tax it contains, will host a live webinar on that controversial legislation next Thursday.

June 16, 2019
Tax
By Helen Burggraf

More...

Proposed IRS tweaks to GILTI regs seen giving break to American taxpayers resident in high-tax countries

Proposed rule changes to the way “foreign income” earned by “Controlled Foreign Corporations” would be taxed by the U.S. would be good news for American taxpayers living in high-tax countries, tax experts have said.

June 16, 2019
Tax
By staff writer

Repubs Overseas targets Montana's Daines as possible expat tax fairness bill sponsor in Senate

The Republicans Overseas, which has been lobbying Congress hard in support of efforts by North Carolina Representative George Holding to introduce legislation aimed at making life easier for American expats, is hoping to convince a senator from the state of Montana to be the sponsor of Holding’s bill in the…

May 28, 2019
Tax
By Helen Burggraf

Now Dutch lawmaker meets with U.S. officials over FATCA impact on 'accidentals'

Dutch finance secretary Menno Snel has become the latest European official to raise with Washington the matter of the harsh effects U.S. tax legislation is having on European citizens – in Snel's case, Dutch citizens resident in the Netherlands – as part of efforts aimed at convincing U.S. lawmakers to…

May 23, 2019
Tax
By Helen Burggraf

Double-tax problems of Americans, Greek Americans revealed at inaugural Republican Overseas tax event in Athens

American income taxed by the U.S. is increasingly being hit by a second round of income tax, when the American individuals who paid the initial round of tax on it are bringing it with them into Greece, it was revealed on Wednesday evening, during an American expat tax event in…

May 10, 2019
Tax
By Helen Burggraf

Tax

Get professional advice to avoid risk of a ‘Boris’, U.S. expats in U.K. warned

'Accidentels' reel but vow to fight on, as France's Conseil d'Etat rules in support of current FATCA regime

IRS responds to Transition Tax lawsuit with 'Motion to Dismiss'

Monte Silver: TCJA still a major problem, but some progress seen in recent GILTI revisions

Andersen Tax name has its debut in Kuwait

IRS formally announces it 'will [no longer] challenge' foreign tax credits on two French social services 'contributions'

Proposed U.S. Corp. Transparency Act would mandate ownership disclosures

Supreme Court ruling set to impact non-U.S. companies selling into the American market

American couple in France in major win against IRS over tax

OECD efforts to harmonize VAT tax rules coming down to wire

GILTI tax webinar on Thursday to feature tax lawyer Silver

More...

Proposed IRS tweaks to GILTI regs seen giving break to American taxpayers resident in high-tax countries

Repubs Overseas targets Montana's Daines as possible expat tax fairness bill sponsor in Senate

Now Dutch lawmaker meets with U.S. officials over FATCA impact on 'accidentals'

Double-tax problems of Americans, Greek Americans revealed at inaugural Republican Overseas tax event in Athens

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Acronyms

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

UK MP vows to continue speaking out on behalf of ‘accidental Americans’ living in Britain

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

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

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

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

U.S. government report acknowledges problems with FATCA reporting

Breaking: Congressman Holding scrapes through with ‘Tax Fairness for Americans Abroad Act’

Legislation to help American expats imminent, London audience told

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