Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> ESTATE TAX Latest News

JUL 29, 2013 - New Statesman

A Must Read - Share

How Americans in Britain became "toxic citizens"

After FACTA."We have become toxic citizens," says Andy Sundberg, the founder of American Citizens Abroad. To what is he referring? Congress passed FATCA (Foreign Account Tax Compliance Act) in 2010, designed to address the issue of US citizens evading tax by using Swiss bank accounts. Those financial institutions wishing to retain their US clients must in future report US account holders to the relevant authorities. This has resulted in several leading private banks deciding to withdraw from the fray, thus rendering their US clients orphans. This has caused great consternation in ... Read More

Tags: How Americans in Britain became "toxic citizens",  Estate Tax Latest News