A major – and eagerly awaited by many – economic analysis of how the U.S. might most easily and efficiently move to a residence-based tax regime, crowd-funded and organized by the American Citizens Abroad, has found that such a move could be done "without the U.S. Treasury losing revenue".
Citi, the New York-based, globally-focused banking group, has announced that it is introducing recycled PVC (a type of plastic) into its corporate credit cards.
Campaigners over the way the U.S. tax evasion-prevention law known as FATCA is being enforced throughout Europe have begun writing to EU officials – and making this correspondence public – to ask why it's taking so long for the EU to respond to questions formally raised more than a year ago over FATCA's compatibility with EU data protection regulations.
A major new U.S. Treasury Inspector General for Tax Administration (TIGTA) report released last week, detailing what it says are a number of shortcomings in the way the IRS has overseen compliance with FATCA since it was introduced in 2010, is the latest in a growing body of evidence of the need for Congressional hearings to be held into some of the taxation and citizenship issues America's expats are currently struggling with.
The deadline is approaching for U.S. citizens living abroad to participate in a major Democrats Abroad survey, aimed at revealing exactly what such expats think about the way the U.S. taxes them.
The U.S. government has cited a number of issues, including various federal regulations having to do with such things as "standing" and "unlawful disclosure of a tax return", in its official response to Israel-based U.S. tax attorney Monte Silver's latest legal challenge to President Trump's Transition Tax regulations, according to a posting on the Silver & Co. website.
The U.S. Securities and Exchange Commission has unveiled charges against 16 defendants – located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom – whom it says had been party to "multi-year fraudulent penny stock schemes that generated more than US$194 million in illicit proceeds."
More American expats are familiar these days than they used to be with Foreign Bank Account Reports (“FBARs”), aka FinCEN Form 114s – which need to be filed by American...
Apr-07-2022
