With the Internal Revenue Service (IRS), the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia yesterday held a presentation for investors and financial institutions to make sure they are in compliance with US tax laws so as to avoid the discomfort of an IRS probe...

He [Joseph Lovell, a senior legal counsel at regional law firm Sciaroni and Associates] said that under the FACTA framework, an American citizen that is living, working or merely holding a Cambodian bank account in Cambodia, would not likely need to file with the IRS unless their assets or income are valued above the $200,000 to $300,000 “trigger”.
Full article: http://www.phnompenhpost.com/business/c ... -taxpayers