Cross-border tax issues, expat filing rules, and international tax policy — because taxes don’t stop at the U.S. border.
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,…
One of the biggest criticisms of most governments is that they are inefficient. It’s not usual for tax returns and other correspondence to get bogged down in bad or incomplete addresses, insufficient postage or processing issues. Singapore hopes to change all of that. The government is giving all citizens, foreign residents and businesses an email…
Despite opposition from the G-20 to a global bank tax, the UK will move ahead with its own version of the tax. Chancellor George Osborne is widely expected to include the tax in his June 22 budget. The tax, which is similar to the one proposed in the US, would be levied on banks in…
A special panel of the Swiss Parliament has concluded its 15 month investigation into the government’s handling of what has been referred to as a “tax crisis”: the UBS collapse amid allegations of tax evasion. The panel has heavily criticized the government for its response to the crisis, saving its harshest rebukes for Finance Minister…
Ah, Ireland. Land of leprechauns, rainbows and… low corporate taxes. That’s right: Ireland is a tax haven. Over the past few years, Ireland has been taking increasing heat from its near neighbors and the US for its perceived efforts to lure corporations to the Emerald Isle. Already facing criticism from many in the UK, Ireland…
Update: We have a winner! It’s Emily! For the answer, see the comments! Our next tax trivia question for the giveaway is: A few years ago, the tax laws in a certain country were changed to benefit wealthy foreigners. The law became known as Beckham’s Law, or Beckham’s Tax, because footballer David Beckham was one…
Update: We have a winner! It’s Chad! For the answer, see the comments! Our next tax trivia question for the giveaway is: This year, thanks to UBS, the Bank Secrecy Act has gotten a lot of press. Under the Act, each US person must file a Report of Foreign Bank and Financial Accounts (FBAR) if…