Jason E. Havens is a Partner at Holland and Knight LLP (Jacksonville and Tallahassee). He specializes in advanced estate and charitable planning law, probate/trust administration, and estate/trust litigation. He is board certified in Wills, Trusts and Estates Law (FL) and as an Estate Planning Law Specialist (TN). He is a Fellow of The American College of Trust and Estate Counsel.
Sunday, October 20, 2013
Overtaxed and over there
Overtaxed and over there - The Economist (JEH: Due to the Foreign Account Tax Compliance Act (FATCA) of 2010, which becomes fully effective in 2014, many expatriates -- American citizens living abroad -- are renouncing their US citizenship because complying with FATCA and related laws/regulations has become more burdensome and often expensive, even though they owe no US taxes due to treaties and the higher tax burdens of the countries where they reside.)