Are you curious about the cross-section between tax residence, human rights and labour mobility these days?
On Wednesday, August 5th, 2020 at 12 pm UK time we hosted a webinar on this exact topic courtesy of some of our favorite and most popular panelists.
Based on a paper penned by our panelists and presented at the Accounting and Finance Association of Australia and New Zealand (AFAANZ) conference in July 2020, this webinar looked at the growing importance of tax residence and how countries like the US have made it particularly burdensome for its citizens to live and work abroad.
More specifically, as per the paper’s abstract, global labour mobility and increasing acceptance of dual citizenship means that more individuals will work in more than one country over their career. Increases in cross-border automatic exchange of tax information via FATCA and CRS has brought questions of tax residence into the forefront as financial institutions perform the required due diligence regarding their clients. Lingering tax residence of emigrants is more than just an inconvenience. Incompatible tax rules and excessive compliance costs are an affront to the sovereignty of the destination jurisdiction and an unreasonable limitation on the rights of individuals to emigrate. The US practice of claiming all citizens as tax residents is especially egregious in this regard. International consensus is needed that individuals should generally be tax resident in only one jurisdiction at a time.
As usual, submit any follow-up questions of your own below.
Dr. Laura Snyder,
Taxpayer Advocacy Panel,
Dr. Laura Snyder is a Paris-based attorney and advocate for taxpayer rights. She is the sole international member of the Taxpayer Advocacy Panel (TAP), a federal advisory committee to the IRS and she is a member of the Board of Directors of the Association of Americans Resident Overseas (AARO). She was born and raised in Central Illinois. She moved to Paris in 1995 and has lived in France since, save for two years (2007-9) in the UK. She holds a BA and JD from the University of Illinois (Urbana-Champaign) and a DEA from the University of Paris 1. She is a graduate of the Trium Executive MBA program (an alliance of NYU Stern School of Business, London School of Economics and HEC School of Management) and recently completed a PhD with the University of Westminster (London).
John Richardson is a Toronto, Canada based lawyer. He provides advice and assistance for US citizens and Green card holders who do not reside in the United States. He specializes in US citizenship relinquishment, Green Card expatriation and assisting US persons with their compliance obligations. You can contact him on his website www.citizenshipsolutions.ca.
Dr. Karen Alpert,
University of Queensland Business School,
Dr. Karen Alpert lectures Finance at the University of Queensland Business School in Australia. Dr. Alpert’s qualifications include a PhD in Finance (University of Queensland), Masters in Tax (University of Southern California) and MBA (University of California, Berkeley). Her research explores the impact of taxation and government regulation on financial decision-making.