U.S. House Tax Reform Proposals: Implications for Americans Abroad and Businesses
A leaked memorandum reveals potential U.S. tax reforms including increasing the Foreign Earned Income Exclusion or eliminating U.S. taxes on foreign-earned income and lowering the corporate tax rate to 15%, impacting Americans abroad and multinational businesses.
U.S. House Tax Reform Proposals: Implications for Americans Abroad and Businesses
A leaked memorandum reveals potential U.S. tax reforms including increasing the Foreign Earned Income Exclusion or eliminating U.S. taxes on foreign-earned income and lowering the corporate tax rate to 15%, impacting Americans abroad and multinational businesses.
Progress
40% Bias Score
US Rejects Global Tax Agreement, Sparking Transatlantic Tax Dispute
The Biden administration's rejection of the OECD's global tax agreement on multinational profits is causing a transatlantic tax dispute, potentially leading to retaliatory tariffs and impacting foreign companies and investors in the US economy.
US Rejects Global Tax Agreement, Sparking Transatlantic Tax Dispute
The Biden administration's rejection of the OECD's global tax agreement on multinational profits is causing a transatlantic tax dispute, potentially leading to retaliatory tariffs and impacting foreign companies and investors in the US economy.
Progress
48% Bias Score
U.S. Tax Law Conflicts With Foreign Legal Systems
The U.S. tax system's global reach creates complexities for citizens and tax professionals navigating the interplay between U.S. and foreign laws, particularly concerning cross-border transactions and conflicting legal interpretations, leading to potential penalties for non-compliance.
U.S. Tax Law Conflicts With Foreign Legal Systems
The U.S. tax system's global reach creates complexities for citizens and tax professionals navigating the interplay between U.S. and foreign laws, particularly concerning cross-border transactions and conflicting legal interpretations, leading to potential penalties for non-compliance.
Progress
52% Bias Score
IRS Intensifies International Tax Compliance: Educational Resources and Increased Scrutiny
The IRS's 2024 Nationwide Tax Forum emphasized international tax compliance, providing detailed educational materials on global income reporting (including FATCA/FBAR) accessible to both tax professionals and taxpayers, increasing expectations for diligence and reducing the validity of ignorance-bas...
IRS Intensifies International Tax Compliance: Educational Resources and Increased Scrutiny
The IRS's 2024 Nationwide Tax Forum emphasized international tax compliance, providing detailed educational materials on global income reporting (including FATCA/FBAR) accessible to both tax professionals and taxpayers, increasing expectations for diligence and reducing the validity of ignorance-bas...
Progress
44% Bias Score
U.S. Tax Implications of Foreign Real Estate Ownership
U.S. citizens face complex tax obligations when owning foreign real estate, including full taxation on rental income, specific depreciation rules, and reporting requirements for associated foreign bank accounts exceeding $10,000, potentially impacting estate, gift, and exit taxes.
U.S. Tax Implications of Foreign Real Estate Ownership
U.S. citizens face complex tax obligations when owning foreign real estate, including full taxation on rental income, specific depreciation rules, and reporting requirements for associated foreign bank accounts exceeding $10,000, potentially impacting estate, gift, and exit taxes.
Progress
32% Bias Score