Alexander Marino recently appeared on the Global Investment Voice Podcast to discuss the benefits of renouncing US citizenship on March 14, 2024.
Alexander Marino guested on the Snowbirds US Expats Radio Podcast about the benefits of renouncing your US citizenship on January 17, 2024.
Kenneth Keung and Evan Crocker are quoted in Investment Executive article titled “CRAʼs 10% interest rate on overdue tax raises risks“, published on November 13, 2023.
Kenneth Keung quoted in Investment Executive article titled “Window closing on family business transfers using Bill C-208”, published on October 10, 2023.
Kim G C Moody is quoted in the Tax Notes article titled “Canada’s Supreme Court Upholds GAAR Application in Deans Knight”, May 30, 2023
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The “Super” Reason Australians are Renouncing Their US Citizenship
US citizens living in Australia and around the world are finding themselves facing the very difficult decision of whether to keep or renounce their US citizenship. A decade ago, the idea of renouncing one’s US citizenship was, for most, unthinkable. Fast-forward 10 years and wait times to book renunciation appointments at US consulates and embassies worldwide have exploded, with record numbers of quarterly and annual departures documented. So why is this article dialed in on our Aussie friends when US renunciation appears to be a global movement? The reason is Australia’s popular retirement vehicle known as a Superannuation fund (commonly referred to as a “Super”), something that can have negative cross-border US tax implications. The Super problem for US citizens in Australia is fueling a heighted desire to give up US citizenship.
Prescribed Rate Loan Planning Creates US Tax Complications for Families With US Members
The low interest rate environment has made the prescribed rate loan arrangement a very popular tool for income splitting with family members without generally running afoul of the tax on split income (TOSI) rules. However, US tax issues will likely arise from the arrangement.
USCIS Policy Changes Regarding ASC Biometrics Appointments
Over the last week, there have been two significant US Citizenship & Immigration Services (USCIS) policy and process changes regarding Application Support Center (ASC) biometric appointments.
US Immigration Alert – India Added to COVID Travel Ban
Beginning Tuesday, May 4, 2021 at 12:01 am ET, most travellers who have been physically present in the Republic of India during the 14-day period are barred from admission to the US.
A Moodys Tax+ Exclusive Preview of Kim G C Moody’s Conversation with Jack M. Mintz
Kim G C Moody and Jack M. Mintz discuss the biggest economic challenges facing Canadians today.
2021 Federal Budget – Spend, Spend, Spend (Part Deux) With Some Interesting Tax Measures
On April 19, 2021, the Federal Government released its long-awaited Budget. With a record 25 months between budgets, there was no shortage of predictions about the content.
Alexander Marino recently appeared on the Global Investment Voice Podcast to discuss the benefits of renouncing US citizenship on March 14, 2024.
Alexander Marino guested on the Snowbirds US Expats Radio Podcast about the benefits of renouncing your US citizenship on January 17, 2024.
Kenneth Keung and Evan Crocker are quoted in Investment Executive article titled “CRAʼs 10% interest rate on overdue tax raises risks“, published on November 13, 2023.
Kenneth Keung quoted in Investment Executive article titled “Window closing on family business transfers using Bill C-208”, published on October 10, 2023.
Kim G C Moody is quoted in the Tax Notes article titled “Canada’s Supreme Court Upholds GAAR Application in Deans Knight”, May 30, 2023
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