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Category: Taxes

12 Nov
couple tax return

Considering Your Tax Options? Remember To Put Profits First

Why I'm Sometimes OK Paying More Taxes A few years ago, after reading an article I'd written detailing an American's ongoing obligation to file a tax return with the IRS each year even after he's moved overseas, a reader wrote in to correct me. The reader proudly pointed out that an American does not need [...]
09 Aug
A desk with laptop, glasses, calculator, and euros

Tax Rules: How To Minimize By Keeping A Global Mindset

How To Reduce Your Tax Burden… Maybe To Zero I’ve been reviewing tax regimes of a couple dozen countries over the last few weeks, trying to help out with the Overseas Retirement Index that sister publication Overseas Living Letter puts out each year. The research has reminded me of two things. First, the United States has the [...]
23 Apr
hand holding a pencil which has written the word tax in capital letters on a piece of paper

There Are Many Reasons For Going Offshore, Taxes Aren’t One

Last week was the end of the official tax season for Americans. We all got an extra day this year because the IRS’s online system crashed in the 11th hour. Too much traffic in the final hours leading up to the midnight deadline. Seems more and more people wait until the last minute to file.

22 Mar
The Donald Posing with a bill which he has recently signed in the white house

How Trump’s Tax Changes Impact Americans Offshore

Trump threw us Americans with businesses overseas a curveball in December. His tax changes eliminated the deferred-tax status for U.S.-controlled foreign corporations. That opportunity to defer U.S. tax made it possible for Americans with small businesses overseas to build their businesses faster. Now what? All my global tax-expert friends and colleagues have spent the past […]

05 Mar
Donald Trump Signing A Bill In Front Of A Window. The View Outside Is Of Green Trees, Trump Is Sitting At A Wooden Table And Not Wearing A Tie

What Trump’s New Tax Bill Means For Your Offshore Business

Thanks, Trump Expats were hoping for better from the tax bill that Trump signed back in November. Rumors were bandied about that he might, for example, eliminate the worldwide taxation based on citizenship that we Americans abroad are saddled with. In fact, had he done that (he did not), it would not have made much [...]
07 Dec
EU Blacklist Countries 2

EU Blacklists 17 Tax Havens, Another 47 On Gray List

The EU has this week released a short list of 17 countries it is officially putting on notice because of their taxation policies. Panama is on that list. So is South Korea… as well as the U.S. territories of American Samoa and Guam. In addition to this so-called blacklist, the EU has also named 47 […]

02 Nov
Enjoying A Drink and learning about taxes

Ten Women Walk Into A Bar… And Learn About U.S. Taxes

Anticipation continues to build for details of the promised U.S. tax reform measures. House Republicans delayed release of the specifics yesterday and promised to share them today. I’ll have my thoughts on what, if any, effects the proposed changes will have on Americans living, investing, and doing business offshore as soon as any real information […]

26 Oct
Will Congress Eliminate Worldwide Taxation Of U.S. Citizens? vuew of the US capitol building

Will Congress Eliminate Worldwide Taxation Of U.S. Citizens?

Talk about potentially eliminating the worldwide taxation of U.S. citizens is getting some expats excited. In theory… if the proposed change were approved… that would put U.S. citizens on par with citizens of every other country in the world except Eritrea, the only other country that also taxes citizens on worldwide income no matter where […]