SOURCEThe Hill
By Nigel Green When the Republican-controlled Congress moves forward with drafting comprehensive tax reform legislation to put on President Donald Trump’s desk, one item ought to be high on the list of provisions but probably isn’t yet — repealing the...
SOURCECBS News
By Jonathan Berr How upset are some Americans about how the IRS deals with expats? More than 3,000 of them living overseas renounced their U.S. citizenship in the first two quarters of 2017, already ahead of the 2,999 who cut...
SOURCECompetitive Enterprise Institute
America is the only major country in the world to have an extraterritorial tax system, demanding its expatriate citizens pay tax on their foreign earnings. For many years this rule was obeyed more in the breach than the observance, but...
SOURCEExpatForum
The vast majority of US expats do not feel that their interests are fairly represented by the US Government, according to an annual survey, and they also dislike the tax regime. Overall 88% are unhappy and tax is a major...
The CEO of one of the world’s largest independent financial services organizations has co-written an assertive open letter to the U.S. Treasury Secretary to demand the Trump administration scrap the Foreign Account Tax Compliance Act. Nigel Green, together with Jim...
VIAKluwer International Tax Blog
William Byrnes (Texas A&M University Law) I was recently asked to analyze the often quoted figure of $150 billion lost by the U.S. Treasury to foreign non-tax compliance by U.S. taxpayers.  My transcribed remarks are below.  Also, see William Byrnes’...
SOURCECredit Union National Association
CUNA joined the World Council of Credit Unions this week supporting legislation that would repeal the Foreign Account Tax Compliance Act (FATCA). The organizations wrote to Sen. Rand Paul (R-Ky.) and Rep. Mark Meadows (R-N.C.), who sponsored the bills,...
SOURCEAccountancy Age
A coalition of 23 groups has called for the US congress to include a repeal of the Foreign Account Tax Compliance Act (FATCA) in any tax reform package sent to president Donald Trump. Signed into law by Barack Obama in...
SOURCEThe Heartland Institute
By Jeff Reynolds A bill before Congress would roll back regulations requiring banks in other countries to report to the Internal Revenue Service on U.S. citizens’ assets held abroad. A bill before Congress would roll back regulations requiring banks in other...
SOURCEPR Newswire
Nigel Green: The Foreign Account Tax Compliance Act "has only rolled on because of legally unauthorized 'intergovernmental agreements,'" so cancelling them would "doom this terrible, toxic law." WASHINGTON, April 5, 2017 /PRNewswire-USNewswire/ -- Nigel Green, CEO of deVere Group and...

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