Frequently Asked QuestionsMatthew Ledvina Experience
Matthew Ledvina has many years of experience working as a US tax adviser, having specialised in the area in his positions at the large, multinational law firm Baker McKenzie, and at a boutique law firm that he co-founded in 2011 with other Baker McKenzie colleagues. Through both of these professional positions, Ledvina has become an expert on subjects including US tax compliance, expatriation from the US, FATCA, and cross-border tax planning for US connected families. |
What Is FATCA?
The Foreign Account Tax Compliance Act meant that US citizens that were living abroad were subject to greater scrutiny by their financial institutions and banks. FATCA is thought to have caused many American citizens to give up their citizenship in order to avoid the added financial checks and scrutiny – with data showing that more than 5,000 US citizens living abroad gave up their passports in both 2016 and 2017, with a further 1,099 US citizens renouncing their passports in just the first three months of 2018.
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What will we ask of you if you
We will seek to elicit all pertinent information from you regarding your personal and business assets and dealings, in order to obtain a 360 degree view of your personal and business portfolios. We will also ask you to estimate how long you plan to stay in the US and the extent you intend to maintain personal and economic ties with your home country while you are in the US. We also want to know more about your personal circumstances, such as nationality, domicile, marital status, family members, etc.
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