Banks lock out Americans over new tax law
“Americans, take your money elsewhere!That’s what banks around the world have been telling their U.S. customers, as they try to avoid having to comply with a new tax law due to come into force next year. Jimmy Sexton, an American, was forced to close his checking account at Volksbank in Austria earlier this year. And […]
US Start Revoking Passports of American Expats with Tax Debts
“The IRS is warning US expats with large tax debts that their passports are subject to be revoked as soon as this month, jeopardizing their ability to work and live overseas…..Under law, the IRS can “certify” US passport holders to the State Department who owed more than $52,000 in overdue tax debt and were not […]
Complications of Financial Planning for American Employees Overseas
“As a direct result of FATCA, US expatriates now working or living outside of the United States are facing much tougher restrictions with many international financial institutions unwilling to offer many of them services. Those employees aiming to send their salary back to their native bank accounts, face the risk and volatility of the exchange […]
Relocating Abroad: Smoothing the Transition
“In an increasingly globalized world, middle managers and established professionals may be asked to uproot themselves and their families and move to a new country…….But for all the opportunities that relocation presents, it comes with its own set of financial headaches…..Robert Rigby-Hall knows this world inside out……. Robert worked in HR for over two decades, […]
American Investors in Europe: Between a Rock and a Hard Place
“There’s no doubt that investing some of your hard-earned cash for the future is a sensible decision. But for American expats living in Europe, their options can be thin on the ground. There are however some ways to invest, and we got in touch with Robert Rigby-Hall of Beacon Global Group to find out more.” […]
Mutual Fund Restrictions
“Why are US Mutual Fund Accounts being restricted to Overseas Americans? For once it’s not US tax policy. Earlier this year Charles Schwab and Company, Fidelity Investment and T.Rowe Price announced that they would no longer allow Americans living overseas, even their own employees, to buy US based mutual funds.” Read More