updated 2:28 PM CEST, May 24, 2023


Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

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 use of secret overseas bank accounts in order to avoid their tax obligations back home. 
Switzerland, where bank secrecy was enshrined in law, was an unsurprising favorite of many such wealthy individuals, but other jurisdictions were also named...

Opinion: Post-Bittner, might taxpayers who paid 'non-willful' FBAR penalties based on the no. of accounts they held... get a refund?

As regular readers of the American Expat Financial News Journal will know, the U.S. Supreme Court on Feb. 28 finally ended years of confusion over a major expatriate banking issue, when it found that a lower court – like so many others in the years leading up to this decision – had erred when it ruled in favor of an IRS policy of basing the penalties it assigned to Americans found to have "non-willfully" held numerous unreported overseas financial accounts on the numbers of such accounts they held.

AXFNJ Podcast: Dubai private asset manager for U.S. expats Vince Truong explains why everyone needs ‘a financial roadmap in place’

Hearing Americans who've been living abroad for 10 or more years, and sometimes for most of their adult lives, describe how they got there is always interesting, I find. Many people's stories, of course, tend to be variations on a couple of predictable themes (work reasons, falling in love with someone from the country in question, etc.).

Vince Truong, however, says he was drawn to Dubai by an article he read...

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