Protest Grow Over Tax Demands For Accidental Americans

Thousands of people around the world are facing unexpected tax bills because they are Accidental Americans. Accidental Americans are those considered as US citizens by birth even if they have never set foot in the country. Many are children of American expats captured in the US tax net by the Internal Revenue Service. They are […]

Tax Havens Snub ‘Son Of FATCA’

Secretive financial haven ministers are snubbing an agreement with the British government that would allow a two-way flow of information between tax authorities. Dubbed ‘Son of FATCA’ after a similar controversial law in the US, the Jersey and Guernsey governments have declined to sign an agreement that would make them automatically reveal who is holding […]

Will FATCA change the face of overseas investments forever?

The Foreign Account Tax Compliance Act will cause a sea change in the way in which financial institutions who deal with American persons operate. But how different will the provisions make the customer experience for investors, and will the provisions be workable for FFIs? Despite significant resistance and lobbying from the financial services sector against […]