Everything You Never Wanted To Know About The FBAR But Must: Part I
The Culprit: U.S. Worldwide Taxation The U.S. is one of the only countries left in the world that still taxes its citizens and residents on their worldwide income, regardless of where it is earned. Live and work in Rio De Janeiro? You must pay taxes to the U.S. government on your foreign-source income. Own a […]
A Message to Tax Practitioners
Back in 1997, Dustin Hoffman was awarded the “Lifetime Achievement Award” at the Golden Globes Award Ceremony. After thanking everyone who helped him during his career, he told a story that has a great deal of relevance to this topic. Paraphrasing, the story went something like thisii: “When I was doing a promotional tour for […]
A Message To Taxpayers
The environment that taxpayers with unreported offshore bank accounts find themselves in today is downright frightening. The vision that many people have – and that politicians are only too happy to promote – is that of wealthy expats who throw Great Gatsby-esque parties, during which the attendees burn their delinquent tax notices with fondue candles […]
FATCA: Trial, Denial and Delay
Please see attached article published by Global Tax Weekly by clicking here.