Are you a U.S. citizen living in the U.K. and wondering how the latest U.S. tax updates might affect you? A new bill making its way through Congress could lock in some major tax changes for the years ahead.
Child Tax Credit
Lottery Winners
Crypto Currencies
Stimulus Money
Coronavirus and Tax Deadline
Repatriation Update
The Tax Cuts and Jobs Act was signed into law in December 2017. Among the many changes that it brought to the US tax system was a one-time repatriation tax. The tax reform required US companies to pay a one-off tax of 8% to 15.5% on overseas earnings. But how much has been repatriated, and how much have large companies paid in tax?