Tag Archives: FATCA

Time will tell that FATCA is a “hammer blow” for the U.S. economy

02 Jul
FATCA Hammers - Marteaux - Evellin Orfèvre - DSC 0355CC BY-SA 3.0

History will ultimately teach us that America’s far-reaching new global tax law, which came into effect on Tuesday, is a “hammer blow for the U.S. economy”, warns the founder and chief executive of one of the world’s largest independent financial advisory organisations. The stark warning from Nigel Green of deVere Group, which has $10bn under […]

Hong Kong TIEA is Good for U.S. Expats

27 Mar
Hong Kong signs TIEA with USA helps American Expats

This week it was announced that Hong Kong has agreed to hand over financial details of Americans working in the city, to US tax authorities under Foreign Account Tax Compliance Act, US can ask for data if certain conditions are met. The Financial Services and Treasury Bureau said the tax-information exchange agreement allowed the US […]

Double trouble, US Expats feel the burden of FATCA

07 Jun
Poststrasse, Chur, Switzerland

US anti-tax evasion legislation known as FATCA – the Foreign Account Tax Compliance Act – has caused upheaval among the American expat community and dual Swiss-US nationals living in Switzerland where it was agreed in February. “People are very angry and upset but some are really scared,” declared Jackie Bugnion, a director and tax specialist […]

An American in Paris (or Shanghai or Tel Aviv) – Part 3

05 Nov

How to retain your account in a Foreign Financial Institution A. Overview In my last installment, I discussed the benefits of a private placement insurance contract (life insurance or annuity) issued by a life insurer domiciled in Puerto Rico – Isla del Encanto – for Americans living overseas. Aside from providing tax-advantages, the Puerto Rican […]