Cross-border tax issues, expat filing rules, and international tax policy — because taxes don’t stop at the U.S. border.
I’m a man, I’m not just a fashion designer. – Stefano Gabbana Now, Gabbana can add “tax evader” to his resume. Both Stefano Gabbana and his partner, Domenico Dolce, together known as the fashion duo Dolce & Gabbana, were fined in connection with charges of tax evasion this week by a Milan tax court. Prosecutors…
For one week, the eyes of the world were turned to a tiny island nation in the Mediterranean. Cyprus, the third smallest economy in the Eurozone (the term used to refer to the 17 countries which use the Euro as their currency), was on the brink of default. Its economy was in shambles and it…
As the European Union (EU) rushed to offer the island nation of Cyprus a whopping €10 billion (nearly $13 billion U.S.) in aid, the Euro fell to its lowest level this year. The value of the Euro decreased to $1.2930 U.S., a dip of more than 1%, as news spread that a potential deposit tax…
I love a good cruise story – even those gone bad. Gilligan’s Island? I’d totally live with those seven strangers (did anyone else find the Professor dreamy?). And the Titanic? Even when dying, Leonardo DiCaprio managed to make Kate Winslet swoon. Being shipwrecked or smacking into an iceberg at least makes a good romantic story….
Taxpayer asks: I have a child that moved in with me from Canada in July and I do not have a social security number for him how do I go about claiming him on my taxes? Taxgirl says: You generally need a Social Security Number (SSN) to claim a dependent on your federal income tax…
How high would taxes have to boost the cost of a pack of cigarettes before you’d stop smoking? $5 a pack? $10 a pack? $15 a pack? What about $20? That’s the plan in Australia if the government gets its way. As part of the National Tobacco Strategy, the policy framework for the Australian Government…
Ooh la la! Guess who’s switching from brie to borscht? Gerard Depardieu, the enigmatic French actor, has become a Russian citizen. The announcement that Depardieu had officially been approved (by President Vladimir Putin himself, apparently) followed a flurry of exchanges between Depardieu and Prime Minister Jean-Marc Ayrault over French President Francois Hollande’s plans to raise…
France’s high court has issued a resounding “non!” to President Francois Hollande’s attempt to tax millionaires. Hollande’s controversial tax, slated to go into effect for 2013 revenues, would have imposed a 75% tax on individuals with revenues of more than 1 million euros (about $1.3 million U.S.). The tax was meant to raise money and…
Gerard Depardieu might be bidding “Au revoir!” to France this year but Russian President Vladimir Putin is hoping that Depardieu will consider saying “привет.” The Russian President has offered the French actor a Russian passport. Putin, apparently a Depardieu fan (who knew?), made the offer during his press conference, saying: If Gerard really wants to…
Mon Dieu! Is Gerard Depardieu bailing on France over taxes? It appears so. A French newspaper, Le Journal du Dimanche, published an open letter attributed to Depardieu in which he traded barbs with Prime Minister Jean-Marc Ayrault over the move. Depardieu had previously announced that he had moved to Belgium in order to escape France’s…