Wealthy Americans Renouncing Citizenship to Reduce Tax Hit
The number of Americans who renounced their citizenship in favor of a foreign country hit an all-time high in 2020.
The number of Americans who renounced their citizenship in favor of a foreign country hit an all-time high in 2020.
Wealthy Americans wondering how much more taxes they’ll owe after Democrats pass their sweeping social-spending package.
The Internal Revenue Service has stepped up efforts to collect employment taxes from S corporation officers.
With Senate passage of $1.2 trillion bipartisan infrastructure deal, attention is shifting to a massive $3.5 trillion “human infrastructure” package.
Lawmakers waging war against tax increases are increasingly focusing their opposition on one floated change to one proposal in particular.
Blumenauer unveiled the SPACE Tax Act idea the same day Jeff Bezos' company Blue Origin launched its first crewed spaceflight with the boss onboard.
How will this era of worker mobility impact the fiscal landscape, and what changes must be made to address resulting revenue and compliance concerns.