“Americans will be subject to a new 3.8 per cent tax on investment income that kicks in this year to help pay for the government’s new healthcare program, known as Obamacare. Lawyer Kevyn Nightingale, a Toronto-based U.S. tax expert, estimated tens of thousands of Americans living in Canada could be affected by the new tax and find themselves owing money for the first time. The problem, the Globe said, is that unlike rules that allow expats to claim credits for taxes they’ve paid in the countries where they live, they can’t offset this new tax.”
Related posts:
We've Been Down This Road Before
Entrepreneurs, Engineers, Evangelists: Crypto Currency Con 2013
Putin: Syria chemical attack is ‘rebels' provocation in hope of intervention’
The Retirement Crisis That Must Not Be Mentioned
Massive Protests Break Out in Brazil
Caging Children, Separating Families: The War on Immigration Has Gone Too Far
Surprise, Surprise: Consumers Do Not Believe the Fed’s Inflation Projections
Whap! Pow! Fans Boot Defense Contractor Out of Marvel Comics
Director of IRS Tax-Exempt Determinations Office Is Obama Donor
Russian Police arrests Libertarians during Adam Smith forum
Undercover Police Informant Plants Crack Cocaine in Smoke Shop; Business Owner Saved by Tape
Credit Suisse Says Governments Are Discouraging Gold Holdings – And What It Misses
Obamacare Provision: "Forced" Home Inspections
'Portals' Opens New Channel Between U.S. and Iran
Bush Winks, Sends Millions in Untraceable Cash to Musharraf [2007]