Washington may be shut down for both the Christmas/New Year holidays and as a result of President Trump’s government-wide shutdown aimed at strong-arming Congress into approving his US$5bn plans to fund a wall along America’s border with Mexico.
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."
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.
The Blacktower Group, until now a mostly British-expat focused, pan-European advisory business based in Gibraltar and the UK, has established a presence in the U.S., and is gearing up to provide pension and financial planning advice to Americans resident in the U.S. as well as abroad.
The eight-year-long effort by organizations representing American expats around the world to convince the U.S. government to abolish FATCA appears likely to soon find itself in the middle of another battlefield.
The Blacktower Group, until now a mostly British-expat focused, pan-European advisory business based in Gibraltar and the UK, has established a presence in the U.S., and is gearing up to provide pension and financial planning advice to Americans resident in the U.S. as well as abroad.
Legislation that its proponents have said would significantly improve the lot of America’s 5.1 million to 9 million expatriates – which had been expected to appear before the end of the year, after failing to materialize in September – is now unlikely to be presented to the House of Representatives for a vote until next year, sources report.
In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...
Mar-18-2023
