Dual Citizens - Filing obligations of United States Citizens Residing Outside of U.S. and Dual Citizens

Fotolia 28880556 635x250

By Steven A. Braun and Reena Prabhakar, Drucker & Scaccetti, P.C.


Recent publicity regarding the efforts of the United States tax authorities to crack down on U.S. persons with undisclosed foreign bank accounts has caused great concern for U.S. citizens who reside outside the U.S. or are dual citizens of both U.S. and another country. They should now be aware of the fact that they are required to file tax returns and disclose certain information that could be subject to substantial penalties, in many cases.

Continue Reading

There must be social protection for the successful growth of globalization


Economic growth has been shifting towards new markets over the past number of years. As a result, 83 of the developing and emerging countries have grown at least twice as fast as the industrial states during the past decade, and are already showing high incomes. The result is a shift of the global wealth from west to east and from north to south. And although the middle-class segment is also growing considerably in these emerging countries, problems are still arising that could pose a hazard to stability unless countermeasures are taken by the governments.

Continue Reading

Major reforms of French investments taxation

By Prof. Robert Anthony, Anthony & Cie

Wealth tax 2011

Only taxpayers possessing assets over M € 1.3 have an obligation to declare and to pay Wealth Tax (on September 30th, 2011). Wealth tax 2012: As from 2012, a new tax threshold at two levels is established, applicable from the first euro:
  • 0.25 % for assets between M € l.3 and M€3
  • 0.5 % abov

Continue Reading

Ggi Logo 150x109px

GGI Global Alliance AG

Sihlbruggstrasse 140
6340 Baar
Switzerland

Contact

T: +41 41 7252500
F: +41 41 7252501
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.ggi.com