The recent trending article by Bloomberg, The World’s New Tax Haven is the United States, has the financial offshore community’s full attention. The Nevada LLC has been the choice entity for foreign investors for quite some time due to zero state tax exposure and minimal federal liabilities. So why the sudden urgency for foreign trusts to […]

We recently posted an article by one of our guest contributor’s from The Wolfe Law Group.  Please find my thoughts on the subject below: “I agree with Mr. Wolfe’s assessment of the situation.  Only I believe the US Treasury Department and congress will go one step further and will more than likely start requiring full […]

On September 18, 2015 the Department of Treasury and the IRS announced the intent to amend regulations relating to FATCA’s withholding rules to extend the following: The date for when withholding on gross proceeds and foreign passthru payments will begin The use of limited branches and limited foreign financial institutions (limited FFIs) The deadline for […]

Your UK Limited company has ventured out to the Wild West to do business and you quickly find a US bank account is required.  The idea of opening a US account seems alluring when you think of the potential business that 400 million consumers can bring. So you jump on the band wagon and file […]

The Treasury and Resources division of the Channel Island of Jersey has recently issued a notice to registered financial institutions offering a consideration of leniency on the approaching FATCA account reporting deadline: “… as this is the first reporting period for the Jersey-US FATCA Agreement, it is appreciated that a Reporting Financial Institution may have been […]

More and more we report on the changes in the world of tax and how the transparency is becoming clearer.  Last month the European Commission and Switzerland signed an agreement to exchange information on the financial accounts of each other’s residents starting in 2018, preventing taxpayers from hiding behind Swiss accounts.  This type of agreement […]

You may know the impact that recent US tax laws and regulations have had on US citizens living abroad. You may have read our blog on how this has affected The London Mayor Boris Johnson. But did you know that in 2013 expatriations had gone up by 221% and this week the US Treasury Department announced […]