美国注册188bet亚洲真人体育下载向你施压.S. Treasury to Adopt Recommendations to Ease 税 Burden on U.S. and Canadian Citizens Holding Certain Cross-Border Accounts

的 美国注册188bet亚洲真人体育下载 美国注册188bet亚洲真人体育下载(188bet亚洲真人体育下载)已向美国政府施压.S. Department of the Treasury to adopt three specific recommendations that would provide tax relief to citizens of the United States and Canada who have various cross-border deferred and tax exempt savings accounts that are often subjected to double taxation and unexpected current inclusion in income.

除了, the 188bet亚洲真人体育下载 urged the Treasury Department to work with the Canadian Department of Finance to provide similar relief as appropriate.  Requests comparable to the 188bet亚洲真人体育下载’s are being submitted by the 加拿大特许专业188bet亚洲真人体育下载 (CPA Canada) to the Canadian Department of Finance and by 加拿大美国商会 (加拿大美国商会).S. 财政部和加拿大财政部.

3月4日 信——特洛伊·K. Lewis, CPA, CGMA, chair of the 188bet亚洲真人体育下载 税 Executive Committee, explained that both the U.S. and Canada have tax provisions that allow individuals to establish tax-deferred and/or tax-exempt savings accounts.  Article XVIII of 的 United States-Canada Income 税 Convention and associated protocols (“the Treaty”) provides bilateral deferral of tax or inclusion in income for various qualified or registered pension or retirement plans, 他写了, but does not provide any relief from double taxation or current inclusion in income for other plans and accounts such as education plans, 残疾储蓄计划及, 在某些情况下, Roth ira.

Lewis identified individuals who are impacted as: Americans living in Canada, 居住在美国的加拿大人.S.生活在美国的美国人.S. who contributed to Canadian plans while living in Canada and Canadians living in Canada who contributed to a U.S. 在美国生活期间的计划.S.

“经常, a cross-border move will result in adverse tax consequences such as unanticipated inclusion in income of amounts saved in a tax-deferred or tax-exempt account which may require the cross border individual to liquidate the accounts to avoid the adverse tax consequences,刘易斯说。.  “Often, the forced liquidation itself can result in unanticipated taxable income.  此外，美国.S. 施加复杂的报告要求, such as those regarding foreign trusts and Passive Foreign Investment Companies (PFIC), 适用于参加加拿大计划的个人.  的se tax implications can adversely impact the individuals and their families, the social objectives of the countries and cross-border mobility.”

在信中, Lewis wrote that the 188bet亚洲真人体育下载 recommends that Treasury implement the following measures in order to reduce the tax and reporting burdens associated with various cross-border deferred and tax-exempt savings accounts:

1. 提供你.S. citizens and residents tax-deferred or tax-exempt treatment, comparable to that offered by Canada to its citizens and residents, 感谢他们的贡献, income and withdrawals from properly established Canadian Registered Education Savings Plans (RESP), Canadian Registered Disability Savings Plans (RDSP) and Canadian 税 Free Savings Accounts (TFSA). 

2. Exempt properly established Canadian RESP, RDSP and TFSA from classification as grantor trusts.  另外，豁免U.S. citizens and residents from various onerous statutory filing requirements for foreign trusts and PFICs which can currently exist for these plans.  

3. Work with their Canadian counterparts at Finance Canada to provide similar relief from taxation and burdensome reporting requirements for Canadian citizens and residents who hold and contribute to properly established 529 Plans, qualified ABLE (Achieving a Better Life Experience) accounts and Roth ira in the United States.

的 信 also includes a detailed description of how each recommendation relates to each type of U.S. 或加拿大的计划或帐户.