How IRS Rules on Passive Foreign Investment Companies Affect American Expat Investors

Background While many parts of the U.S. tax code are both convoluted and punitive, the IRS regulations involving the treatment of PFICs – Passive Foreign Investment Companies (PFICs) are almost unmatched in their complexity and harsh tax treatment. The PFIC regime is a penalty provision that taxes gains and distributions at the highest tax rate […]

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Book → Financial Planning for Global Living

Introducing the outstanding book by Expatriate Specialist team member Jennifer Anne Patterson Financial Planning for Global Living: Go Beyond Cross-Border Tax and Legal Complexity to Location Independence, Financial Freedom and True Life Satisfaction BUY NOW Testimonials “Jennifer Patterson is passionate about the importance of creating a financial foundation that supports individuals and families living globally. […]

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Expat firm Internaxx acquired by SwissQuote

Announced on the 7th of August, 2018 Swissquote said on Tuesday it will acquire Luxembourg-based Internaxx Bank SA for 27.7 million euros ($32 million). The deal will primarily give SwissQuote the ability to serve expat clients since that is the specialty of Internaxx. The acquisition is subject to regulatory approval, which is expected to take place in the first […]

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