Cross-border tax issues, expat filing rules, and international tax policy — because taxes don’t stop at the U.S. border.
While folks in Washington have seemingly come to terms with the idea that Blackwater might have killed some folks when they shouldn’t have, they are drawing the line where it hits Americans the hardest: cheating on taxes. Rep. Henry Waxman (D-CA) has made public a letter from IRS to Blackwater from March (yes, March) regarding…
The Dutch Government has a plan to flights leaving the Netherlands an amount equal to $16 for intra-European flights and $64 for intercontinental flights. The proposed tax is being touted as an “environmental tax” to offset carbon emissions from aviation. However, the Association of European Airlines claims the tax revenues will not be used to…
It’s always nice to help out a fellow tax professional. That’s why I was particularly honored to be mentioned in this article, thanks to Lubna Kably. Be sure and check it out.
Not to be outdone by the Irish, the Russian tax authorities are making noise about a crackdown on taxes paid by the super-rich. However, as opposed to tax breaks, the Russian Federal Tax Service is concentrating on tax evasion as a source of wealth. There’s no question that there is a giant disparity in the…
It seems that more and more countries are confirming what we know to be true: it’s really, really better to be wealthy. First, the US. Then, the UK. And now? Ireland. RTE is reporting that the top 80 earners in Ireland paid about a rate equivalent to about 15% tax. The 150 top earners paid…
Apparently, it’s not just the US taxpayers who are complaining that those in lower tax brackets actually pay a higher percentage of tax overall. UK taxpayers are making a similar claim. According to the Sunday Times, the UK’s richest people are paying 4p in the pound less in tax than any other section of the…
A Japanese housewife who made 400 million yen (which, using today’s conversion rate is $3,452,383.93 US) trading in foreign exchange markets was fined today for evading tax. The woman was estimated to have evaded 139 million yen ($1,200,091.07) US in income taxes. The 60 year old Tokyo woman, Yukiko Ikebe, received a suspended jail sentence…
Naming a baby can be controversial. Trust me. I have three children and everyone seems to have an opinion as to whether each name suits the baby, whether it makes sense, whether it’s too ethnic, whether it’s not ethnic enough… And all three names are perfectly “normal” – whatever that means. Not a Django, Brittnee…
Today is Tax Freedom Day in Israel. Tax Freedom Day marks the day of the year that a country, as a whole, has theoretically earned enough income to meet its tax burden. In the US this year, Tax Freedom Day fell on April 30, two days later than in 2006. India celebrated earliest this year,…
What? You think that’s crazy talk? You would if you have been following the debacle that is allowing private debt collectors to pursue the collection of taxes even though it is more expensive and is expected to collect fewer tax dollars. Government at its finest, no? Concerns about privatizing tax collections have included privacy issues,…