updated 4:36 PM CEST, Aug 15, 2019

News

Charles Schwab unveils MiFID II-related changes to ETFs for investors in Europe

Charles Schwab Corp., the San Francisco-based financial services giant that has a significant client base of Americans resident outside of the U.S., has announced that after Sept. 19, Schwab clients who are resident in the EU will no longer be able to purchase U.S.-registered exchange-traded funds (ETFs) and exchange-traded notes (ETNs).
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The ongoing mystery of the missing American expatriate numbers

In an age when detailed global data on populations of everything from sheep and cattle to vegetarians can be had with little more effort than it takes to type a word or two into a Google search box, the continuing lack of reliable information on the numbers of Americans resident…
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Somalia's president reveals he's renounced his American citizenship

Somalia president Mohamed Abdullahi Mohamed (also known as Mohamed Abdullahi Farmajo) has officially announced that he voluntarily renounced his U.S. citizenship, acquired during time he'd spent in the country some years back when he was a student and briefly was employed there.
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IRS letter campaign puts cryptocurrency investors on notice

The U.S. Internal Revenue Service has begun sending "educational letters" to U.S. taxpayers who have been engaging in "virtual currency transactions" and whom it says either "potentially failed to report income and pay the resulting tax" they were seen to owe on certain of these virtual currency transactions, or failed to "report their…
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