Cross-border tax issues, expat filing rules, and international tax policy — because taxes don’t stop at the U.S. border.
The international dollars keep rolling in. Yet another bank has agreed to pay a fine in response to ongoing investigations into foreign accounts. Commerzbank AG, headquartered in Frankfurt, and its U.S. branch, Commerzbank AG New York Branch (called Commerz New York), have agreed to a deferred prosecution agreement which calls for, among other things, the…
The Bank of Canada has a message for many Leonard Nimoy fans: Stop Spocking our bills. To honor the late actor Leonard Nimoy, Canadian fans have been marking up Canadian $5 bills (worth $4.02 US), turning the face of Sir Wilfrid Laurier into Nimoy’s Star Trek character by adding slanted eyebrows and pointed ears; some…
It’s my annual “Taxes from A to Z” series! Next up: B Is For Bona Fide Residence Test If you are a U.S. citizen or a U.S. resident alien, you’re taxed on your worldwide income (just ask London Mayor Boris Johnson). However, you may be able to exclude some or all of your foreign wages…
Boris Johnson, the Mayor of London, is finally saying “Cheerio” to his friends across the pond. The American-born Brit (he’s a New Yorker by birth) has announced that he will give up his American citizenship as part of his “commitment to Britain.” The announcement came on the heels of a six-day trade show in the…
Credit Suisse was ordered today to pay up for its role in helping U.S. taxpayers evade taxes. The banking giant must pay $1.8 billion to the U.S. by next week. What else does the sentencing mean?
Tonight, President Obama laid out his plan for immigration reform. It includes the requirement to “pay your fair share of taxes” – but what does that mean?
Irish Finance Minister Michael Noonan has all but labeled the “Double Irish” deal dead during the presentation of his 2015 budget even as companies like Google claim that it won’t make a difference.
It’s time for guest posts! Today, Tisha talks about the hard choices when it comes to citizenship and taxes.
It’s time for guest posts! Today, Matthew Litz of BerryDunn, talks about corporate tax reform and inversions.
It’s time for guest posts! Today, John Richardson, a lawyer based in Toronto, Canada, writes about corporate tax rates.