Withers LLP: 'Does a U.S. revocable trust need to be registered under the UK's Trust Registration Service?'

The UK’s HM Revenue & Customs has significantly expanded the scope of its register for trusts as part of what's known as the Fifth Money Laundering Directive, an element of the European Union's ongoing efforts to crack down on the laundering of money, especially across international borders. With delays in implementation, the pushed-back deadline for registration under the new rules of Sept. 1, 2022 initially seemed a long way off.

Concerns over Sanders's proposed 'exit tax', as Dems' prez primary field shrinks to 2

As the list of Democratic Party candidates still in the running for this year's U.S. presidential election has narrowed within the last few days to just two, some in the American expat community have begun expressing concern over a Bernie Sanders proposal to tax "all wealthy individuals" who might seek to relinquish their U.S. citizenships once his proposed "Wealth Tax" came into force, if he were elected.

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U.S. unveils hike in price of investment visa to US$900,000

Wealthy Chinese citizens (and others) hoping to invest their way to a U.S. passport will soon need to pay more, as the price for America’s popular immigrant investment visa is set to rise later this year to $US900,000, from its current US$500,000.

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Opinion

AXFNJ Podcast: Dubai private asset manager for U.S. expats Vince Truong explains why everyone needs ‘a financial roadmap in place’

AXFNJ Podcast: Dubai private asset manager for U.S. expats Vince Truong explains why everyone needs ‘a financial roadmap in place’

Hearing Americans who've been living abroad for 10 or more years, and sometimes for most of their adult lives, describe how they got there is always interesting, I find. Many...

Dec-15-2022