Cross-border tax issues, expat filing rules, and international tax policy — because taxes don’t stop at the U.S. border.
A couple of weeks after Crocodile Dundee star Paul Hogan was detained in Australia over a multimillion-dollar tax bill, he has been granted permission to leave the country. The 70-year-old actor has been embroiled in a tax controversy with the Australian Tax Office (ATO) for five years. He recently returned to Oz to attend his…
So maybe it is a kindler, gentler IRS after all… The IRS has announced that it will drop its civil suit against the Swiss-based UBS, despite the fact that the bank is not technically in compliance with an existing agreement. In a show of not-so-totally surprising deference to the Swiss government, the IRS indicated that…
Germany may not have taken home the World Cup – but plenty of cups boosted revenues last month. The Finance Ministry of Germany is reporting that the country’s beer tax in July yielded revenues of a nearly 10% increase over the same time period last year. How much are we talking? The tax for July…
In 1945, following the end of World War II, Korea was divided into two parts: the then-Soviet occupied North and the American-occupied South. Both Koreas claimed the entirety of the Korean peninsula as their own and the two went to war in 1950. The Korean War would last three years and would result in the…
If you’re familiar with the taxing laws in various countries, you know that they can be tricky. There are generally complex formulas based on the number of days physically present inside of a country which will determines whether a person can be taxes as a resident – or non-resident – for income tax purposes (in…
It’s funny, my line of work. I practice tax law alongside my husband who practices international and corporate law. A significant portion of his practice involves business immigration work for companies who are interested in setting up shop here in the US. It’s always interesting to me, then, to read about taxpayers who are interested…
Just days after Usain Bolt announced that he would not be participating in any meets in the UK due to tax reasons, Britain’s sports minister has stepped in and offered to help. Sports Minister Hugh Robertson has told the BBC that he will look into whether there is something that could be done to encourage…
The fastest man in the world has finally found the one thing that will slow him down: Britain’s tax laws. According to the BBC, Bolt may not compete in the UK until the 2012 Olympics. He told a news audience, “I am definitely not going to run [in London].” Like the US, the UK attempts…
So, I don’t say that on the blog very often (though my brothers would likely tell a different story from our years at home). But I’m sooo saying it now. When the IRS won its prominent battle with UBS, I said (as did many tax and finance bloggers) that a win would only lead to…
In the middle of all the “tax loopholes closing” that’s been going on in Congress, a big, fat one may have remained open. Sen. Max Baucus (D-MT), who chairs the powerful Senate Finance Committee, has opened an investigation into whether Transocean, Ltd., has been exploiting tax law loopholes by moving their headquarters overseas (spoiler alert,…