Steven Flynn quoted in The Globe and Mail on IRS funding and its effects on U.S. and Canada
August 26, 2022
Our Partner, Steven Flynn, has been featured in an article by The Globe and Mail, titled, ‘IRS funding boost could result in ‘greater crackdown’ on taxes for U.S. citizens abroad’
Joe Biden’s administration was successful to pass the Inflation Reduction Act – said to be ‘a much different-looking piece of legislation than previously proposed’ by Globe and Mail. The article looks at this as a relief for U.S. persons living in Canada, and Canadians who own U.S. assets, since it excludes many of the international tax changes that were previously proposed.
“In order to get through the Senate, they had to remove things,” says Steven Flynn.