Last week, the U.S. Internal Revenue Service announced the “offshore accounts tax bill” part of the implementation details.
According to tax law, as of December 31, 2011, living in the United States, in overseas assets with more than $ 50,000, or live outside the United States, in overseas assets of more than $ 200,000 U.S. citizens, and holds a U.S. green card Foreigners are required April 15, 2012, report to the US Government; hiding assets abroad – refused to declare, will be regarded as interested in tax evasion, once identified, will be fined up to $ 50,000 fine, serious, will be sentenced.
Tax law, even to give up U.S. citizenship, the U.S. government may require the pay – to renounce the first five years of taxes and fines. Specific to the Chinese investment in the United States immigration, in accordance with regulations, if a migrant investment in mainland China have their own business (holding 50% or more), you must declare these assets, while the salary and bonus for the year and investment dividends, according to the relevant tax rate for the U.S. tax return.
Use of overseas tax evasion, financial accounts, to the United States each year resulting in approximately $ 100 billion revenue loss, which 300-60000000000 U.S. dollars in damages, for personal tax evasion. To combat such phenomena, the United States has enacted many laws. For example, in 2010 to develop the “overseas accounts to comply with tax laws,” Americans need to declare the provisions of foreign financial accounts, such as expanded to stocks, bonds and all other overseas financial assets.
U.S. citizens overseas by the end of step tracking funds in the account, the main reason is – the current U.S. government debt, the United States in 2011 up to $ 1.4 trillion federal deficit for the next few years the federal government’s deficit will total $ 8.7 trillion. To solve such a huge financial burden to plug tax loopholes, become an important means of revenue.
As of October 15, 2009 to declare the end of the first round of the initiative, the U.S. Internal Revenue Service received a total of 15,000 copies of foreign assets of the declaration, more than 60 countries involved in the bank. The second round of the initiative to declare, to August 31 of this year’s deadline.
Currently, the world’s most banks have agreed to cooperate with the United States to assist in its investigation of tax evasion, which, including Luxembourg, Singapore, the United States have been classified as “tax haven” countries.
U.S. Republican presidential candidate
Currently leading in many polls, former Massachusetts Governor Mitt Romney; Republican presidential candidate Mitt Romney
Another highly popular candidate, the U.S. Congress before the House of Representatives Speaker Newt Gingrich
Currently, the Queen’s Tea Party said, supported by the extremely conservative former Rep. Bachman Congress
U.S. State Department data, in fiscal year 2009, investment in the U.S. at least $ 500,000 (about 3.4 million yuan), to obtain U.S. permanent residency (ie, “green card”) of the EB-5 visas, that is, investment approved immigrant visa number, an increase of 3 times, from the previous fiscal year of 1443 people, surge up to 4218 people. Among them, the number of migrants from China’s investment, the most rapid growth, as many as 1979 people, far more than (to 903 people) ranked second in South Korea.
Emigrated to the U.S. China is a big country, a total of about 2.5 million first-generation Chinese immigrants in the United States, the ancestral home of these people have more or less with the economic links.