On November 6, 2019 we posted Ten Facts About Tax Expatriation - Part I, where we discussed that whatever your motives, just because you leave the United States and renounce your citizenship, don't assume you can leave U.S. taxes (or U.S. tax forms and complexity) behind, particularly if you are financially well-off. For those who expatriate…Read more
The Estate Tax Challenge
We previously posted on November 14, 2016 Trump Presidency Could Be Death Knell For Estate Taxes! where we discussed President-Elect Trump's tax plans, which includes the repeal of the US Estate & Gift taxes. This may be a realistic possibility considering that this is in line with some of the proposals in the Republican House Ways &…Read more
Russian Banks Soon Subject to U.S. Monitoring.
Russia's presidential executive office has been reviewing the U.S. anti-money laundering act known as FATCA (Foreign Account Tax Compliance Act). Presidential economic advisor Elvira Nabiullina spearheaded a meeting with Finance Ministry, Foreign Ministry, Central Bank, Federal Financial Markets Service, Tax Service and National Payment Council officials, issuing instructions to prepare final proposals within the next…Read more