This month (7 January 2023), the US government has announced plans to reduce its fee for the citizenship renunciation scheme from US$2,350 to just US$450. Rule-making will now begin to change the fee level.
The reduction in the much-criticised fee will be welcomed by many.
The decision comes just a few days before oral arguments in a court case were put to a US district court judge in Washington, DC.
The court case was brought by the Association of Accidental Americans who argued that “the [- -]
With the recent uproar over Akshata Murthy’s tax status in the UK and her decision not to elect the remittance basis of taxation going forwards, we thought it would be interesting to do a round-up of some of the tax incentives offered across Europe to individuals relocating who have previously been non-resident in the territory in question.
Submitted by
Sestini & Co | on Tue, 03/29/2022 - 12:08 | In
international tax,
non-dom The April 18th tax filing deadline less than a month away for US citizens and others required to file a tax return in the US but the IRS is still experiencing delays.
Submitted by
Sestini & Co | on Tue, 11/30/2021 - 9:01 | In
international tax,
non-dom The 2022 Budget and Tax bill in the USA, aka the Build Back Better Act, calls for nearly $2 trillion in tax increases on corporations and the “super rich”, although Biden has vowed not to raise direct taxes on people earning $400,000 or less.
As well as tax proposals, it includes provision for substantive sums to fight climate change, universal preschool, child tax credits, 4 weeks of paid leave, healthcare spending, affordable home care, and affordable housing.
The Bill also includes suspension [- -]
Many US taxpayers are experiencing significant delays to tax refunds during this year’s filing season. Our staff can file and liaise with the IRS on your behalf, helping to make the process much smoother.
Highlights of a recent panel discussion on understanding the UK property market, navigating tax obligations, exploring ways to purchase property using funds from New Zealand.
On 27th March 2020, the US agreed a package of measures designed to help mitigate the impact of the Covid-19 pandemic. Named the Coronavirus Aid, Relief, and Economic Security (CARES) Act, it provides for direct payments to individuals and small businesses.
Submitted by
Sestini & Co | on Wed, 03/25/2020 - 18:14 | In
international tax,
non-dom The IRS has confirmed extended filing and payment dates however, not all US states are mirroring the 3-month deadline so get in touch with us for guidance.
Cancer Research UK raises more than £500M per annum to fund cutting-edge scientific research aimed at improving cancer prevention, diagnoses and treatment. This staggering amount of income is generated by the charity entirely through philanthropy; CR-UK receives no funding from the UK government at all. Find out how you could give tax-effectively, whether you’re in the UK or US.
Does Britain need to overhaul the current tax system to more accurately reflect the way people work today and to ensure adequate revenues to sustain public services for the future?
