Summary: South Korea’s Ministry of Foreign Affairs reports that 3,621 of their citizens filed Declarations of Permanent Return last year after cancelling foreign citizenship or permanent residence (likely to be about half from the U.S., though their report does not specify), prompting anguished reactions from Korean Americans who didn’t move back; only 95 new renunciants
Shadow Raider (and others like NotThatTara, badger, bubblebustin, Em, NotThatLisa) have referenced the US National Taxpayer Advocate Report to Congress, so here is my slow uptake to posting for IBS. IRSCompliant has posted at Maple Sandbox: Maple Sandbox re US Taxpayer Advocate Report to US Congress — with reference to NDP Murray Rankin Letter to
From Shadow Raider: Sorry, folks, the big news didn’t come today. The draft only deals with corporations. However, the end of the summary says: “The staff discussion draft does not address the international tax rules addressing individuals, whether for U.S. citizens living overseas or foreign nationals moving to the United States. The Chairman’s staff is
As part of their newly-published paper on “Options for Reducing the Deficit“, the Congressional Budget Office has suggested, as Option 12 (at page 130), to “Include All Income That U.S. Citizens Earn Abroad in Taxable Income” — in other words, to eliminate the Foreign Earned Income Exclusion and Foreign Housing Deduction. They estimate that this
Innocente lands the first punch again: the latest “name-and-shame list” has been placed on public inspection for printing in tomorrow’s Federal Register. You can view it here. It is, of course, nearly two weeks past the October 30th deadline for the list to be printed, but perhaps it’s because the list compiler is still getting
The FBI is generally quite timely with their monthly reports on the National Instant Criminal Background Check System, and this month is no exception: the latest report shows 23,186 people in the “renounced citizenship” category, up by 278 from last month and 2,540 since the beginning of the year; this is roughly 91% higher than
Today, in honour of Liberation Day, South Korea’s Ministry of Foreign Affairs (MFA) published the 2013 edition of its annual Diplomatic Whitebook. Among other facts and figures, it revealed that 1,991 “reverse migrants” from the U.S. restored their South Korean resident registration and provided proof that they had given up U.S. green cards or citizenship
The Department of the Treasury has finally placed the latest Quarterly Publication of Individuals Who have Chosen to Expatriate on public inspection for printing in tomorrow’s Federal Register, ten days late. Congratulations to Innocente for being the first to post the news at 9 AM right on the dot. There’s about 1,130 names of people
Two days ago, the State Department published in the Federal Register a request for comments on a new filing it will make with the Office of Budget & Management as required under the Paperwork Reduction Act, estimating the number of people who file Form DS-4079, the Request for Determination of Possible Loss of United States
Shadow Raider has brought this to our attention and asked that it be posted: The Ways and Means and Senate Finance Committees have just launched the website TaxReform.gov and are asking for the general public to submit comments on tax reform again. This time, they even said they want “horror stories”, and many Americans
