Category Archives: International Tax News

Mexican Artists Pay Taxes in Paintings

The Mexican government has figured out a way to dramatically simplify the payment of taxes, at least for one segment of society: artists.  Mexican artists who elect to participate in the program must donate good quality works of art to … Continue reading

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It’s Tax Day in Canada

Today is “Tax Day” in Canada, sort of.  The income tax filing deadline in Canada is usually April 30th.  They get a couple weeks more than we get here in the United States. Self-employed taxpayers have until June 16th to … Continue reading

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Online FATCA Registration Begins

The Foreign Account Tax Compliance Act (FATCA) was enacted in the wake of the UBS scandal to crack down on tax evasion overseas.  “FATCA requires foreign financial firms to report to the IRS offshore accounts held by Americans that are … Continue reading

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Foreign Accounts & Quiet Disclosures

There is a general, overriding principle in the world of Federal Tax that goes something like this: if you voluntarily come forward to admit your prior tax shenanigans and get yourself back in the good graces of the IRS, there … Continue reading

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Indian Tax System Broken

Americans are pretty conscientious about paying their taxes compared to some other countries.  How about the extreme tax-dodging that goes on in India?!  Many farmers and impoverished Indians are exempt from paying taxes.  But on the other end of the spectrum are … Continue reading

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Starbucks: How Evil Are They Really?

If you haven’t heard about Starbucks’ tax problem, here is a very brief synopsis.  A Reuters story broke last week which outed the popular coffee chain for having paid only £8.6 million on sales of  £3 billion in Britain since … Continue reading

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Communist Taxes – No Longer an Oxymoron

Very few people in the United States could possibly remember a time when there were no income taxes, since Uncle Sam has been collecting them for the past 100 years now.  But in the communist nation of Cuba, few people remember what it is like … Continue reading

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The Nutella Tax

If you’re like me, part of the appeal of traveling and visiting new places is the FOOD. And vacationing in Europe is expensive enough as it is, but by the time I get a chance to visit, all I’m going … Continue reading

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The Danes and the Swizz

Denmark has officially repealed its so-called “fat tax” after being on the books for only one year.  Also, the Danish tax ministry has announced that it no longer plans to move forward with a sugar tax.  In the final analysis, butter, ice-cream, and pastries … Continue reading

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International IRS Offices

US citizens and resident aliens must report their worldwide income, meaning income from all sources within or outside of the United States.  The IRS receives tax filings and payments all year round and from all over the world.  If you derive … Continue reading

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