A US campaign group wants to stop American citizens being taxed by their
government when they work abroad.
The US charges tax on worldwide income, meaning citizens must pay tax on
their foreign income, subject to credits for tax paid overseas.
The Asia-Pacific Council of American Chambers of Commerce has teamed up with
several American Chambers of Commerce in Asia to launch the Alliance for a
Competitive Tax Policy,
US laws provided a limited exclusion for the taxes on foreign earned income,
though it has been narrowed recently, meaning some paid as much as $25,000
(£12,500) more in tax.
It is also thought that the UK non-dom charge could make it more expensive
for UK companies to hire US citizens, if the charge is not ‘creditable’ against
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC