Identifier
Created
Classification
Origin
08STATE20660
2008-02-28 23:56:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Secretary of State
Cable title:
NON-DOM TAX ISSUE: WASHINGTON GUIDANCE
how-toVZCZCXRO0344 RR RUEHAG RUEHBL RUEHDF RUEHED RUEHIK RUEHLZ RUEHROV DE RUEHC #0660 0592359 ZNR UUUUU ZZH R 282356Z FEB 08 FM SECSTATE WASHDC TO RUEHLO/AMEMBASSY LONDON 5289 INFO EU MEMBER STATES COLLECTIVE RUEHBL/AMCONSUL BELFAST 0694 RUEHED/AMCONSUL EDINBURGH 0873 RUCPDOC/DEPT OF COMMERCE WASHINGTON DC RUEATRS/TREASURY DEPT WASHINGTON DC 9276
UNCLAS STATE 020660
SIPDIS
SENSITIVE
SIPDIS
E.O. 12958: N/A
TAGS: ECON EFIN ETRD CASC EINV UK
SUBJECT: NON-DOM TAX ISSUE: WASHINGTON GUIDANCE
REF: LONDON 475
UNCLAS STATE 020660
SIPDIS
SENSITIVE
SIPDIS
E.O. 12958: N/A
TAGS: ECON EFIN ETRD CASC EINV UK
SUBJECT: NON-DOM TAX ISSUE: WASHINGTON GUIDANCE
REF: LONDON 475
1. Per refel, post requested guidance on proposed talking
points to respond to questions from H.M.Treasury (HMT)
regarding the proposed taxation of non-domiciled foreigners
in the UK, including Americans. As post noted, Amcits are
chiefly concerned about possible double taxation and timing.
Post may use the following, cleared points as guidance.
2. Begin points:
-- The U.S. government respects the right of the United
Kingdom to tax its citizens and residents in any manner it
sees fit. Many long-term, resident American citizens,
however, have expressed concern to our Embassy in London
about the proposed timeline for implementation of changes to
the tax code for non-domiciled residents.
-- The U.S. government supports the requests by its
citizens that they be given a reasonable amount of time
between the publication of the final legislation and the
implementation of the law in order to arrange their financial
affairs to suit the new tax rules.
-- A reasonable waiting period between the publication of
the final legisltation and its implementation would also give
the U.S. Treasury time to analyze the changes fully and
determine the creditability against U.S. taxes of any new UK
tax charges.
-- U.S. tax officials are prepared to discuss with you the
U.S. tax issues raised by the proposed charge and answer
questions you may have.
End points.
Minimize Considered
RICE
SIPDIS
SENSITIVE
SIPDIS
E.O. 12958: N/A
TAGS: ECON EFIN ETRD CASC EINV UK
SUBJECT: NON-DOM TAX ISSUE: WASHINGTON GUIDANCE
REF: LONDON 475
1. Per refel, post requested guidance on proposed talking
points to respond to questions from H.M.Treasury (HMT)
regarding the proposed taxation of non-domiciled foreigners
in the UK, including Americans. As post noted, Amcits are
chiefly concerned about possible double taxation and timing.
Post may use the following, cleared points as guidance.
2. Begin points:
-- The U.S. government respects the right of the United
Kingdom to tax its citizens and residents in any manner it
sees fit. Many long-term, resident American citizens,
however, have expressed concern to our Embassy in London
about the proposed timeline for implementation of changes to
the tax code for non-domiciled residents.
-- The U.S. government supports the requests by its
citizens that they be given a reasonable amount of time
between the publication of the final legislation and the
implementation of the law in order to arrange their financial
affairs to suit the new tax rules.
-- A reasonable waiting period between the publication of
the final legisltation and its implementation would also give
the U.S. Treasury time to analyze the changes fully and
determine the creditability against U.S. taxes of any new UK
tax charges.
-- U.S. tax officials are prepared to discuss with you the
U.S. tax issues raised by the proposed charge and answer
questions you may have.
End points.
Minimize Considered
RICE