“As if answering to HM Revenue & Customs were not onerous enough, British investors are now having to jump through hoops for the equivalent US tax authority. The IRS is trying to tighten its grip on US citizens living in other countries who owe tax. But a consequence of its crackdown is that British investors, who owe nothing in the US, have to complete IRS documents and provide information either to the IRS itself or to a finance firm acting under IRS instructions. From July the US’s crackdown will be felt by British investors in another way. After that anyone opening a new investment account – whether the company is US or British – will have to provide information required by the IRS.”
Related posts:
Reality Check: U.S. Marine Held In A Mental Hospital Against His Will Because Of Facebook Posts?
Auditor Urges Safeguards as USDA Pays 6,336 Dead People
US Bid to Contain Russia and Latin America Speeds New Alliances
Drug Agents Use Vast Phone Trove, Eclipsing N.S.A.’s
3D Printing Technology Poised for New Industrial Revolution
Tiny Device Will Detect Domestic Drones
Greece Seeks Taxes From Investors in London Property
Snowden revelations force Obama's hand on surveillance program
SpaceShipTwo edges closer to powered flight
Taiwan central bank 'keeping close tabs' on Bitcoin
Should Bales Bail?
Alydian Aims to Sell Bitcoin Mining Platform in Bankruptcy
Iraq still using James McCormick’s fake bomb detectors at checkpoints
Billionaire Saudi prince fires celebrity TV preacher for Muslim Brotherhood links
ECB's Noyer: 'no problem' buying government bonds if needed