OECD publishes 'blacklist' of 20 'golden passport' countries

 A "blacklist" of 20 countries that offer so-called “golden passports” to affluent foreigners in order to raise revenue has been published by the Organisation for Economic Cooperation and Development, as it warned of the potential misuse of these schemes to hide offshore assets from the scrutiny of the OECD's recently-introduced Common Reporting Standard scheme. 

  • News

What to expect from Budget Day (Oct 29th) in the U.K.

By Gerry Brown

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.

Here, one such long-time political-scene watcher, Edinburgh-based tax consultant Gerry Brown, offers up his take on what this year's budget, due on October 29th, will have in store for Britain's taxpayers – including the estimated 121,000 to 197,000 American citizens who currently live in the U.K., many of whom are U.K. tax resident...

Call for U.S. Treasury to fix 'Transition Tax' problems with 'de minimis rule'

The American Citizens Abroad, the main non-partisan Washington lobbying group representing American expats around the world, today urged the U.S. Treasury Department to introduce a so-called de minimis rule to its latest draft of new tax regulations, in order to address what it said were problems inherent in the legislation that, if not changed, would cause major problems for many U.S. citizens living abroad.  

  • News

U.S. passport revocation law comes to Expatland

 In 2015, Congress enacted a law that would revoke the passports of U.S. citizens who were “seriously delinquent” on their U.S. taxes. The enforcement threshold was set relatively high, however – at US$50,000 in outstanding tax, interest and penalties. (A provision was included to adjust annually for inflation going forward, so the amount now stands at US$51,000.) 

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Opinion

What to expect from Budget Day (Oct 29th) in the U.K.

What to expect from Budget Day (Oct 29th) in the U.K.

By Gerry Brown 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...

Oct-16-2018

U.S. passport revocation law comes to Expatland

U.S. passport revocation law comes to Expatland

 In 2015, Congress enacted a law that would revoke the passports of U.S. citizens who were “seriously delinquent” on their U.S. taxes. The enforcement threshold was set relatively high, however...

Oct-04-2018

Essential Financial Acronyms for Americans Living Abroad

Essential Financial Acronyms for Americans Living Abroad

The American Expat Financial News Journal’s “Essential Financial Acronyms for Americans Living Abroad” is designed to help our fellow Yanks in Expatland to navigate the international seas of the financial...

Sep-05-2018