Ten years ago today, in the Rose Garden of the White House, President Obama signed the Foreign Account Tax Compliance Act into law.  But surprising as it might now seem to some, the fact went virtually unnoticed by the world's media, as the legislation was buried deep inside a domestic jobs…

Almost every tax practitioner has his or her own favorite tax quotations; even the IRS has a collection of them on its website, as we noted here last year. But most of the tax quotes one hears are from another era. It was Benjamin Franklin (1706 - 1790), after all,…

Fabien Lehagre, the U.S.-born and France-resident president and founder of the Paris-based Accidental Americans Association, has called on U.S. Secretary of State Mike Pompeo to "drastically...reduce the costs associated with the renunciation procedure", in order that so-called accidental Americans could give up their U.S. citizenship if they wished to.

American expatriates who own small- and medium-sized small business corporations outside the U.S. are expressing growing concern over what they say is a move by two Washington lawmakers to legislatively reverse a 2019 interpretation by the U.S. Treasury of elements of President Trump’s Tax Cuts and Jobs Act, which had…