Expatriation tax law changes under American Jobs Creation Act of 2004

From: Caribbean Today | Date: December 31, 2004| Author: | Copyright information

Rosenberg, Michael, Trumbull, Eric J.
Caribbean Today
12-31-2004
On Oct. 22, 2004, the American Jobs Creation Act (AJCA) was signed into
law, thus resulting in significant changes to United States tax law,
including the U.S. "expatriation" tax rules.

However, instead of completely overhauling the expatriation tax regime (as
has often been proposed), the U.S. Congress has attempted to instead close
the perceived loopholes that existed under prior law.

In this issue we offer a general overview of some of the major aspects of
the expatriation tax regime that remain from prior law, and changes to such
...

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