2014

Federalprosecutors charged six men Tuesday with running a complicated offshore scheme that allegedly enabled clients to manipulate stocks, avoid U.S. taxes and launder hundreds of millions of dollars. An indictment unsealed in federal court in Brooklyn alleged the men laundered some $500 million in proceeds from fraudulent securities transactions for more than 100 U.S. citizens […]

When record numbers of Americans are giving up citizenship, the fee for individuals to renounce U.S. citizenship is jumping to $2,350 as of Sept. 12—more than five times the current charge of $450. Here is the explanation from the State Department – Documentation for Renunciation of Citizenship The CoSM demonstrated that documenting a U.S. citizen’s

In May 2014, the government of Singapore concluded in principle, an Intergovernmental agreement with the government of the United States.  This agreement, commonly known as FATCA, stands for the Foreign Account Tax Compliance Act.  Over the past several months, the publicity around this regulation has encouraged US expats who may not have been fully tax

Rumors were rife for the past few months that there would be changes.  Especially with FATCA kicking in on July 1st, and issues with the existing amnesty programs widely known, changes would be a logical step. To fan the flames, the Commissioner made some leading remarks earlier this month that hinted that changes were imminent.