Tax man will be all over the British royal baby - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The couple's baby will have dual nationality - British because of his father and US from his American mother.will have a particularly glittery one.That’s because the baby will have dual nationality: British because of his father and US from his American mother, whose official title is the duchess of Sussex.

US nationality comes with a bevy of restrictive conditions: like any American who is born, grows up and dies anywhere in the world, year after year Meghan and Harry’s child will have to show the Internal Revenue Service his or her tax status is clean. Forget about privacy, said Treitel. The IRS will “get to know a lot more about the couple’s wealth” through the tax returns of the couple and their mother. “A lot more information is gonna get to the US,” he added.

And although the baby and the mother will have to present forms that will be very time-consuming for their accountants, they may still not have to pay a lot in tax: these may be offset by duties paid in Britain, tax specialist Laura Saunders toldSince the adoption of the Foreign Account Tax Compliance Act in 2010, which replaced the criterion of nationality with that of tax domicile, these people are obliged to report their income to US tax authorities and in some cases actually cough up some...

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