Comment: Cayman, the EU, and the challenges of attempting to appease a 'multi-headed hydra'

Of the 21 jurisdictions included on a "blacklist" of financial centers that the Dutch government said last week it considers to be low-tax potential tax havens, few have reacted with as much fury and indignance as the Cayman Islands – at least to judge by the comments that have been posted over the last few days on its news media outlets and social media.

Kevin Brady publishes draft of proposed TCJA corrections, seeks feedback

Outgoing House Ways and Means Committee chairman Kevin Brady yesterday appeared to respond to concerns that President Trump's Tax Cuts and Jobs Act – signed into law in late December 2017 – set the stage for a number of unintended and potentially damaging consequences, with the publication of a discussion draft document that invites public comment on a number of proposed "fixes."

'Four U.S. banks to to cut London-EU commuting support for staff post-Brexit': Report

Four of the largest U.S. banks with a presence in the U.K. have warned their staff that commuting from London to European cities will not be a "long-term option” for them after Brexit, and that financial support for travel and accommodation costs will be withdrawn within months of their jobs being transferred to Europe, the Financial Times has reported.

Netherlands quietly unveils its own tax haven 'blacklist' 

As speculation about which jurisdictions will end up on the European Union's official tax haven 'blacklist' next year, the Dutch finance ministry has quietly published its own list of 21 places it considers to be low-tax jurisdictions. 

  • News

UK official responds to MP written question on 'accidental Americans'

A U.K. government official responded to a written question on the matter of so-called 'accidental Americans' posed by a British Member of Parliament by noting that they weren't "created" by FATCA, but rather, that the 2010 legislation "created a mechanism for the financial accounts of overseas U.S. citizens to be reported to the U.S."

  • News

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

With just hours to go before most of the United States was due to close down for the Christmas holiday, Congressman George Holding today at last delivered a long-anticipated bill aimed at addressing the enormous problems many Americans living abroad have been having that are a result, most agree, of the fact that they are taxed on the basis of their citizenship rather than jurisdiction of residence.

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Opinion

American small biz owner in EU: ‘Trump’s made it impossible for expats like me to compete outside the U.S.’

American small biz owner in EU: ‘Trump’s made it impossible for expats like me to compete outside the U.S.’

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...

Jan-10-2019