Press Room: US Tax

Letter to the Editor: Taxation is a battle of wills between US and the EU

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The US: President Biden’s MIA

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Biden’s Green Book Proposed Changes to US Foreign Income Tax Regime

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9 Thursday, 2020

COVID-19 – CARES Act, relief for US taxpayers

On 27th March 2020 President Trump enacted the largest package in the history of the United States. The $2 trillion CARES Act is aimed at helping US individuals and companies affected by the pandemic.

8 Wednesday, 2020

COVID-19 – relief for those stuck in the UK or US due to lockdown

The rapid spread of COVID-19 over the past few weeks has meant that Governments around the world are imposing strict restrictions on the movement of people. We explore the reliefs are available for non-resident individuals that get stranded in the UK or US due to the lockdown.

6 Monday, 2020

UK and US personal income tax returns

Our London team specialise in advising individuals affected by both the UK and US tax systems. Furthermore, our team prepare both UK and US tax returns “in team”, and we make sure our clients’ taxes in both countries are fully coordinated.

1 Wednesday, 2020

US LLCs and DAC6 reporting

In this article Zoe Wyatt considers the difficulties associated with DAC6 reporting for transactions with US Limited Liability Companies (LLCs).

31 Tuesday, 2020

UK treatment of US LLCs – Anson revisited…

Opaque or transparent, that is the question! Why do we care? It might seem far fetched to think that the terms ‘opaque’ and ‘transparent’ have such a meaning in the world of taxation. However, their definitions are of utmost importance for UK tax resident individuals who are members of a US LLC and the terms should be interpreted with caution.

30 Monday, 2020

US Limited Liability Companies (LLCs) and Base Erosion and Profit Sharing(BEPS)

The OECD’s project to counteract BEPS has altered the tax landscape considerably. The US has either opted out of (or is not fully implementing) a number of the BEPS’ actions, leaving major uncertainty over the treatment of US LLCs.

27 Friday, 2020

The UK and US – relief for Angel Investors on both sides of the pond

We wrote about the Chancellor’s decision to cut back Entrepreneurs’ Relief in our Budget Summary. Thankfully, Rishi Sunak saw sense and left Investors’ Relief alone. In this article we compare the UK and US reliefs for Angel Investors.

26 Thursday, 2020

COVID-19 US relief package

The US Senate has voted on and passed the Phase 3 COVID-19 Relief package, which includes a number of significant tax provisions that would affect individuals and businesses.

24 Tuesday, 2020

COVID-19 – planning for US citizens

The past few weeks have seen significant turbulence in global stocks due to the economic fallout from COVID-19.  Although there are more pressing concerns than tax in these difficult times, US individuals are nevertheless able to take advantage of certain unique planning opportunities which result from the current depressed asset values.

18 Wednesday, 2020

IRS announces foreign trust reporting exemptions

IRS has issued new guidance exempting current and former US citizens and residents from annual reporting requirements for owning (or transferring money to) certain foreign pension and other plans that are foreign trusts.

19 Wednesday, 2020

Airbnb Model Sheds Light On Tech Companies Tax Issues In UK – Zoe Wyatt

Zoe Wyatt, Partner at Andersen Tax UK, discusses the UK’s government plan to impose a 2% digital services tax and how it would disproportionally affect US tech companies, such as Airbnb, in Law360. Zoe’s article was published in Law 360, February 18 2020, and can be found here. A war of words has broken out […]

14 Friday, 2020

The UK as a Stepping Stone for US Multinationals – Zoe Wyatt

Zoe Wyatt, Partner at Andersen Tax UK, discusses how US multinationals can prepare when using the UK as a stepping stone to the wider world. Zoe’s article was published in International Accountant Magazine, January/February issue, and can be found here (pages 17-19). As Benjamin Franklin once said, “By failing to prepare, you are preparing to […]