Tags » Foreign Account Tax Compliance Act

Driving a Stake in the Heart of Bloodthirsty IRS Agents, Americans Living Abroad Renounce U.S. Citizenship in Record Numbers

Uncle Sam’s Global Tax Police Crawl Over International Borders to Extract Tribute from U.S. Citizens. 

The number of citizens and long-term residents cutting their official ties to Uncle Sam jumped more than 20% last year to 4,279, according to a CNNMoney analysis of the latest government data. 358 more words


Base Erosion Profit Shifting (BEPS)… a Holistic Approach to Prevent Abuse

While the United States (US), the undisputed economic power, sees its tax base decrease year by year, the leaders of the 20 most powerful and industrialised countries in the world, forming the G20, are concerned and have decided to pull on the alarm bell and, eventually take action.  668 more words

Passport Revocation - They'll Do It For You

Perhaps I should entitle this article with the added label, “or Highway Robbery by the IRS.” First a bit of historical background. Perhaps you were not aware that FATCA came upon us as an amendment to the Hiring Incentives to Restore Employment (HIRE) Act back in 2010. 517 more words

Foreign Account Tax Compliance Act

FATCA Update: Institute of International Bankers Submits Comment Letter on FATCA Regulations

The Institute of International Bankers (IIB) has submitted a comment letter (available through Bloomberg BNA here; subscription required) to the Internal Revenue Service addressing various issues arising under the FATCA regulations. 1,805 more words


FATCA Update: Treasury Relaxes September 30 Deadline for Model 1 IGA Jurisdictions to Exchange Tax Information

With less than two weeks remaining until many countries are required to exchange tax information with the U.S. pursuant to the Foreign Account Tax Compliance Act (FATCA), the U.S. 903 more words