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).

August 14, 2019
News

Accidental Americans group to UK banks: how many U.S./dual citizen clients at risk of losing accounts in 2020?

A Paris-based organization representing so-called “accidental Americans” is calling on Britain’s banks to say how many of their U.S. citizen clients are believed not to have “Tax Information Numbers”, and therefore may be asked to give up their U.K. bank accounts as a grace period on the need for these…

August 14, 2019
News

U.K. MP seeks to draw Boris Johnson into 'accidental American' debate

Preet Kaur Gill, a British Labour Party member of Parliament from the greater Birmingham area, has formally asked British Prime Minister Boris Johnson to detail his plans with respect to standing up for so-called "accidental Americans" living in Britain – as he was himself, until renouncing his citizenship in 2016…

August 11, 2019
Tax
By Helen Burggraf

The 2019 IRS 'expatriation' compliance campaign: Let's keep the fear-mongering in perspective

For the last few weeks, Americans living in Expatland have been becoming increasingly concerned over news that, as reported, the U.S. Internal Revenue Service is embarking on what it calls “Six Additional Compliance Campaigns” that potentially could impact on some expat U.S. citizens...

August 11, 2019
News

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…

August 10, 2019
News

‘Thousands’ of expats in petition to Thai gov’t to scrap immigration reporting regs

A petition being promoted by expatriates living in Thailand that calls on the country’s Immigration Bureau to scrap a controversial reporting requirement for foreigners living there has secured the support of more than 4,000 people in less than two weeks.

August 8, 2019
News

IRS large biz division unveils new compliance campaign seen to potentially ensnare expat individuals

A U.S. Internal Revenue Service announcement on July 19, by the agency’s “Large Business and International Division” (LB&I), of a new set of compliance initiatives, is attracting growing attention among overseas American tax experts because of its likely impact on expat U.S. citizens.

August 3, 2019
Tax
By staff writer

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.

August 2, 2019
News

AmCham in Hong Kong urges government to "restore business confidence' in wake of protests

The American Chamber of Commerce in Hong Kong has called on Hong Kong's government to "take immediate and tangible actions to address the root causes of recent demonstrations and restore confidence in the city’s status as Asia’s preeminent international business and financial center," citing a recent poll of its members.

July 30, 2019
News

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…

July 27, 2019
Tax
By Helen Burggraf

Accidental Americans latest: French banks warn of potential need to close 40,000 accounts

The head of the French Banking Federation has formally warned France's finance minister that he country's banks may be forced to close as many as 40,000 bank accounts by the end of the year, owing to problems these banks have in complying with the U.S. tax information reporting law known…

July 25, 2019
Tax
By Helen Burggraf

News

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

Accidental Americans group to UK banks: how many U.S./dual citizen clients at risk of losing accounts in 2020?

U.K. MP seeks to draw Boris Johnson into 'accidental American' debate

The 2019 IRS 'expatriation' compliance campaign: Let's keep the fear-mongering in perspective

The ongoing mystery of the missing American expatriate numbers

‘Thousands’ of expats in petition to Thai gov’t to scrap immigration reporting regs

IRS large biz division unveils new compliance campaign seen to potentially ensnare expat individuals

Somalia's president reveals he's renounced his American citizenship

AmCham in Hong Kong urges government to "restore business confidence' in wake of protests

IRS letter campaign puts cryptocurrency investors on notice

Accidental Americans latest: French banks warn of potential need to close 40,000 accounts

Subscribe

Donate

Acronyms

UK MP vows to continue speaking out on behalf of ‘accidental Americans’ living in Britain

'Accidental Americans' group launches 'major' letter-writing campaign targeting Congressional Dems

Legislation to help American expats imminent, London audience told

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

Congressman Holding to discuss ‘Tax Fairness for Americans Abroad’ bill in London in April

Woodbrook CEO Doherty: ‘U.S. citizen-focused biz within 12 months’

George Holding’s bill: What we know so far

American expatriate lawyer sues IRS, U.S. Treasury over 'Transition Tax'

‘Dem sponsor needed’ for expat tax fairness bill, Rep. Holding tells London gathering

Latest news