News

The IRS has announced in Revenue Ruling 2011-19 that the £30,000 Remittance Basis Charge may be credited against US income tax.  The UK Remittance Basis Charge is imposed on US taxpayers who are resident (but not domiciled) in the UK…

Companies paying for a tax return service for their US assignees are likely to see a rise in professional fees as the IRS have released a new draft form that will soon be mandatory for tens of thousands of US…

The Alliance is delighted to announce that niche consultancy firm US Tax and Financial Services (known as "US Tax"), are to join the Alliance with immediate effect. As the name suggests US Tax specialise in US tax return compliance and…

US ex-pats need to get a move on to take advantage of the “last best chance” for voluntary disclosure which closes in August 2011.  Working as an ex-pat has its benefits and also brings its challenges.  Today this is particularly…

Welcome clarification of ‘qualified pension plans’ attracting relief from double taxation. The US and Belgium have signed an agreement on avoidance of double taxation of pension plans.  The agreement, which clarifies the plans benefiting from the treaty provision, was published…

The US Internal Revenue Services (IRS) has issued guidance on the new exit tax that applies to individuals subject to US expatriation on or after 17 June 2008. Expatriation is a term used to refer to individuals who have given…

The Financial Times ("FT") have reported that Aflac has become the first US based company to give its shareholders a vote on the pay of its CEO and other top management team members by way of a vote at the…