Sunday, April 5, 2020
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FATCA

Too Much Tax Leads To Expats Returning US Passports

Red tape and the long arm of the US Internal Revenue Service are forcing one in five American expats to consider giving up their...

What Is The Common Reporting Standard For Expats?

The Common Reporting Standard is expected to swing into action in a few weeks - but how does this impact expats and the tax...

IRS Wants To Tax Millions Of Bitcoin Trades

American Bitcoin traders are in the sights of the Internal Revenue Service for failing to report their trading gains. The IRS considers tax on a...

US Expats Must Not Shun FATCA Obligations

Behind the scenes campaigning and election pledges that are yet to come to fruition do not mean US expats can ignore FATCA. Lobbyists have joined...

Why Are Americans Giving Up Their Passports?

Record numbers of taxpayers are giving up their US passports – but no one is sure why or even if they are Americans or...

Will Trump Keep Republican Pledge To Repeal FATCA?

American expats are waiting with bated breath to see if President-elect Donald Trump will repeal the disliked Foreign Account Tax Compliance Act (FATCA). FATCA was...

Tax Money Wasted On Blunders

Tax authorities are spending millions on unnecessary technology and training while accused of cutting jobs and customer services to the bone. Just this week, the...

Plea To Ditch FATCA Thrown Out By Judge

Israeli banks will have to file client data to the US Internal Revenue Service (IRS) under the Foreign Account Tax Compliance Act (FATCA) despite...

US FATCA Laws Pass A Final Milestone

July 1 marked a milestone in the implementation of the US Foreign Account Tax Compliance Act (FATCA) for American expats and financial firms serving...

Unhappy US Expats Grumble About FATCA Problems

US expats believe FATCA tax rules blights their lives with unnecessary compliance and financial problems, according to a new survey. Most expats quizzed about FATCA...

Latest news

Stock Markets Slump To Worst Quarter In 37 Years

Stock markets slumped to record losses in the first three mnths of the year due to fears over how coronavirus impacts the world economy...

Operation Airlift Underway For Brits Stranded Abroad

The British government is working with partner airlines to bring thousands of stranded travellers back to the UK. Foreign Secretary Dominic Raab has set aside...

Expat Landlords Get Buy To Let Mortgage Aid

The financial pain of coronavirus uncertainty for buy to let landlords has been eased by the housing minister. Secretary for Housing Robert Jenrick is extending...

Financial Package On The Way For Self-Employed

Financial support is coming for freelance and self-employed expats who pay their taxes in the UK, Prime Minister Boris Johnson has promised. In his last...

Support For Dropping Helicopter Cash Takes Off

The time for more governments to consider dropping helicopter money on households trapped in dire financial straits due to the coronavirus outbreak is with...
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