More And More Americans Abroad Are Renouncing Their Citizenship
Doing So Is Tougher Than Ever, So Why Are More Americans Renouncing Citizenship In Record…
Browsing: Taxes
FATCA Deadline Extended: The IRS Procrastinates Once More
Foreign financial institutions still scrambling to get their books in order can take a temporary…
Agreement Reached On Implementing FATCA In The Philippines
The Philippine Department of Finance announced July 13 that a deal has been reached with…
Agreement Implements FATCA In India
India has become the latest lackey to sign on to the United States’ extraterritorial FATCA…
IRS Budget Cuts Take A Toll
IRS budget cuts have led to declines in taxpayer services, tax case closures, and collections…
British Virgin Islands FATCA Deadline Extended
The British Virgin Islands FATCA deadline for compliance has been extended by order of the…
IRS Theft Affects Over 100,000 Taxpayers
More than 100,000 taxpayers had their tax information stolen in a recent IRS theft, according…
Bill On Corporate Taxes In Costa Rica Expected Soon
Corporate taxes in Costa Rica could be going up. The Costa Rican government is expected…
The IRS’s “Dirty Dozen”
Tax fraud is estimated to be a multibillion-dollar industry in the United States, but so…
Ecuador Imposes Import Tariffs
Ecuador announced last week that as of March 11 it will impose tariffs of 5%…
IRS Tax Filing Requirements For Americans Overseas
If you’re an American, it’s that time of year again. Time to begin preparing to…
6 Things You Need To Know About U.S. Taxes Before Retiring Overseas
Can you eliminate your U.S. tax burden by retiring overseas? No, you can’t. It’s not…
Paying Taxes, Utilities, And Other Local Bills Offshore
Administering your offshore life isn’t sexy, but it is necessary. As I write, I’m sitting…
China Taxes Citizens Living Abroad
Lots of people in the offshore world are talking about China finally enforcing its global…
China Takes Page Out Of IRS Playbook
After the recent full-implementation of FATCA in the United States, China is following suit by…
The U.S. Exit Tax And Renouncing Citizenship
Last week’s Taxation 101 (Where To Live Tax-Free) essay was well received but raised lots…
Taxation 101 (Where To Live Tax Free)
A reader wrote this week to say, “Lief, whenever you mention the countries that tax…
London Mayor Refuses To Pay The IRS
London’s American-born mayor, Boris Johnson, is locking horns with the IRS, refuting the tax-collection agency’s…
OECD Tax Deal Signed By 51 Countries
Fifty-one countries have signed an OECD tax deal on the collection and exchange of tax…
Structures Vs. Structuring — Civil Forfeiture Laws
The IRS is in the news again, this time for confiscating the bank accounts of…
Amazon Sales Tax Expands
Many expats rely on Amazon and mail forwarding services for creature comforts from home. Many…
Costa Rica Plans New Tax Law
Costa Rica’s President Luis Guillermo Solis raised some eyebrows on the weekend when he mentioned…
Post-FATCA Madness
The unintended consequences of FATCA and the overreach of the U.S. government and the IRS…
Puerto Rican Tax Incentives For Residents And Investors
A reader got in touch last week to ask about the “new” Puerto Rican tax…
Big Oil Pays Little Tax Rate
A recent report from Taxpayers for Common Sense reveals that from 2009 through 2013 the…
FATCA Ensnares Disabled Canadian Dual-Citizen
The extrajurisdictional U.S. tax law, the Foreign Account Tax Compliance Act (FATCA), has caused distress…
IRS Delays Enforcement Of New Tax Law
The Internal Revenue Service has announced they are delaying the enforcement of certain requirements of…
Record Number Of Americans Renouncing Citizenship
An increasing amount of U.S. citizens abroad are renouncing their citizenship. The Federal Register released the…
Individuals Expected To Pay Government Owed Debts For Parents
The IRS is desperately attempting to collect back taxes through the dubious practice of seizing…
3 Types Of People Giving Up Their US Passport
A reporter from the mainstream press contacted me recently asking if I could introduce him…
Mega Faux-Pas Quickly Repealed In Panama
Late December we were all recovering from Christmas and preparing for New Year’s, the guy…
Six Things I Wish We Knew About Filing Taxes For Our Overseas Assets
Brenna LaBine – Publisher Kathleen Peddicord and her husband, international investment expert Lief Simon have…
Tax-Exiled Celebrities
Brenna LaBine – You may know them for their larger than life antics, or, perhaps their…
US Expats Lobby For Tax Changes
Lucy Culpepper -“Residence-based taxation (RBT) is the only way forward to keep America and Americans…
US Expats Flee Taxman’s Reach By Giving Up Citizenship
The Economic Times – The decision was not easy for the Gulf War veteran. After…
Belize PM ‘Very Happy’ Over Tax Decision
Dennis Foynes – The world’s so-called tax havens have come under increasing scrutiny from politicians…
France Reduces Wait For Capital Gains Tax Exemption
Lucy Culpepper – President Hollande of France announced on French TV channel M6 that he…
Soccer Star, Messi, Involved In Tax Fraud
Denis Foynes – Barcelona footballing superstar, Lionel Messi and his father are being investigated in…
UK’s Overseas Territories Sign Tax Agreement
Lucy Culpepper – Earlier this month, the UK’s Finance Minister George Osborne announced that the…
France Aims To Destroy Tax Havens
French President François Hollande has stated that there is “a need for a relentless battle…
The 10 Countries With The Highest Tax Rates
If your priority is to pay low taxes then you may want to avoid these…
Gerard Depardieu Quits France For Russia Over Tax Dispute
For weeks there had been rumors that famous French actor Gerard Depardieu was going to…
President Hollande May Revive His 75% Wealth Tax Plan
French President Francois Hollande suffered a setback last month when his tax plan was ruled…
Schumacher Will Leave Switzerland Over Taxes
Michael Schumacher, despite having a net worth of €626 million and recently building a mansion…
Plans To Tax Cayman Islands’ Expats Dropped
The Cayman Islands, a British Overseas Territory in the western Caribbean and a major world…
French Lawmakers Approve Uber-Taxation Of The Wealthy
After four days of debate French lawmakers have approved François Hollande’s new socialist government’s supplementary…
New “Transportation” Bill Means You Need To Take Action Now
I’d say that a second passport is a more critical piece of your global diversification…
U.S. Government Employees Owe US$3.4 Billion In Back Taxes
The stated purpose of the IRS is to collect a fair and proper tax from…
IRS Urged To Delay And Reconsider FATCA Compliance Rules
We’ve been reporting on the 2010 Foreign Account Tax Compliance Act (FATCA) requirements since the…
Tax Spies Crack Down On Indian Evaders
It seems the United States isn’t the only country going to extremes in its effort…