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Passive Foreign Investment Company

Passive Foreign Investment Company

Americans overseas and the U.S-connected individuals obligated to file taxes in the United States frequently make a common mistake by buying or investing in a foreign mutual fund (including ETFs or other non-U.S.-based funds). These non-US funds are classified as...
FATCA

FATCA

Most American expats have heard of FATCA. A few know what it means to them, but most don’t like it. But in reality, it’s the foreign financial institutions the United States obligates to report that like it far less than the taxpayer. Why? Because if the...
French Income Tax rates 2022

French Income Tax rates 2022

The French government have released the proposed income tax rates and bands that will apply next year on 2021 income. Although income tax rates remain unchanged next year, the income bands on which the rates apply have been increased by 1.4% from those of the current...
US CONNECTED PERSONS

US CONNECTED PERSONS

At Beacon Global Wealth we meet many interesting people from all over the World. People who have packed up their bags left behind family and friends, whether for lifestyle or professional reasons and have relocated to different climes and cultures.  With this major...