Cross-border tax issues, expat filing rules, and international tax policy — because taxes don’t stop at the U.S. border.
Superstar-laden FC Barcelona might be among the top teams in the Spanish Liga BBVA this season but the team is making news – again – for a more undesirable reason: tax investigations. As Lionel Messi awaits trial on tax evasion charges, another Barcelona star may be joining him. Spanish news outlet El Pais has reported that teammate Javier Mascherano…
Litigation isn’t often pretty. And when there are big dollars at stake, it can turn downright nasty. That’s exactly what happened when Jeffrey Prosser and his companies filed for bankruptcy. Prosser, the former owner of Innovative Communications Corp. (ICC) in the U.S. Virgin Islands, amassed personal wealth valued at more than $360 million in 2004…
Just a few weeks remain until Pope Francis’ historic visit to Philadelphia. It’s not only Pope Francis’ first time in Philadelphia but his first official visit to the U.S. While the Pope will also be making stops in Washington, D.C. and New York City, the focus of his visit is the City of Brotherly Love…
No “Netflix tax” in Canada. That was the word from Canadian Prime Minister Stephen Harper. Harper promised not to tax streaming services last week, saying, “I’m 100% against a Netflix tax — always have been, always will be.” He warned, however, that his opponents might do just that, claiming, “Some politicians want to tax digital…
Last week, Italian police stopped rapper Snoop Dogg and found $422,000 (€385,071.64) in his luggage (Louis Vuitton, of course) just as he was about to board a plane. Snoop, whose real name is Calvin Broadus, had not declared the cash and that’s against the rules. In the European Union, the maximum amount of cash that…
Greece. It’s all anyone is talking about this week. Greece has become like that pretty, popular girl that you used to admire from afar but now everyone is whispering about because of some scandal. Only, even though a lot of people are talking, not everyone is quite sure what she did wrong. They just know…
Shares of Julius Baer stock nosed north sharply yesterday after settlement talks with U.S. officials caused them to announced that the bank has set aside $350 million to pay potential fines related to an ongoing criminal investigation into tax practices. I know: it sounds confusing. Why would shares soar – to an all time high…
Two weeks. That’s all the time that you have left to comply with the mandatory reporting accounts for foreign accounts for the calendar year 2014. The deadline for filing your FBAR, or federal form 114, Report of Foreign Bank and Financial Accounts, is June 30. There are no extensions. You don’t file an FBAR with…
Happy Cinco de Mayo! Contrary to popular belief, Cinco de Mayo isn’t Mexican Independence Day – that’s on September 16 (be sure and drop that casually tonight over tequila shots and margaritas and you’ll sound super smart). It is, instead, the anniversary of the Mexican army’s victory over France at the Battle of Puebla during…
The soccer world was rocked this morning to learn 14 defendants have been charged with racketeering, wire fraud, money laundering conspiracies, and other offenses, in a wide-ranging corruption scheme. The defendants include two current FIFA Vice Presidents as well as the current and former Presidents of the Confederation of North, Central American and Caribbean Association…