Managers of Wealth Americas

Tax policy implications of a Joe Biden presidency

Joe Biden campaigned on the premise that the benefits of the 2017 law are skewed to large corporations

Billion Dollar Tax Haven Battle Heads to Canada’s Top Court

The appeal court’s decision provides a road map for companies seeking to avoid paying taxes by parking assets offshore, the agency’s application to the top court said.

California’s Proposition 15 to impact owners of non-exempt commercial and industrial real estate

In contrast with current law, Prop 15 would provide an exemption of up to $500,000 of all tangible personal property owned and used for business purposes.

Best IT Audit Firms in the United States for Internship

The team of more than 100 IT risk professionals in the Middle East and more than 10,000 in the rest of the world

U.S. Brings ‘Largest Ever Tax Charge’ Against Tech Executive

Federal prosecutors said Robert T. Brockman had used a web of entities based in Bermuda and Nevis, as well as secret bank accounts in Bermuda and Switzerland, to hide $2 billion in income from the I.R.S.

Grant Thornton Principal Priya Sarjoo named ‘Top 25 Consultant’ in 2020

Consulting magazine honors Sarjoo for ‘Excellence in Leadership’

IRS targets tax compliance by non-U.S. owners of U.S. real estate

FIRPTA taxes foreign persons on the disposition of their U.S. real property interests.

Charting an estate planning course in uncertain political waters

The Democratic Party has made very clear that if it had unfettered control, taxes on property transferred by gift or death would rise.

Where to Put Your Stocks and Bonds to Pay Less Tax

By holding investments like bonds in these accounts, any income earned will not be taxed in the period earned -- it will only be taxed, albeit at ordinary income rates, when money is actually withdrawn from the account.

GAO Tells Lawmakers Offshore Variable Life Can Be Abused

Further, some taxpayers closely control how their premiums are invested and may direct premium funds toward illiquid assets they currently own in an attempt to convert taxable income to tax-exempt income that is eventually passed on to their beneficiaries

Facing change: Current United States tax and estate planning ideas

Uncertainty at a political level, and the possibility of further changes in the tax code, create urgency.

IRS Undertaking Hundreds of Repatriation Tax Audits in October

“We believe that there’s a high likelihood of noncompliance in this space,”

Transatlantic Tax Updates: July 2020

A round-up of the recent US tax changes relevant to American taxpayers living in the UK.

Catching up with US tax returns doesn’t need to be difficult for expats

The IRS requires that the last 3 tax returns that are overdue are filed in good faith during this process.

Canada Revenue Agency: How to Build a Tax-Free Pension

The CRA gives you 1/40th of the OAS for each year you lived in Canada after the age of 18.

Millionaires in Latin America Weigh Moving to Sidestep Tax Grab

Uruguay cuts tax residency requirements to attract investors

Three key considerations for tax and legal leaders

They are at the forefront of crafting essential strategies to maintain a positive cash flow, drive the implementation of government relief measures

Global tax guide to doing business in...

This edition of our annual insight piece is aimed at providing a high-level overview of the tax consequences that face businesses planning to expand international operations.

Latin America’s taxing problem

Calls grow to make the rich pay more as Covid-19 drains public finances

For less than $400,000 you can now get Uruguay tax residency

Starting in July, foreigners who live at least 60 days a year in Uruguay and buy real estate valued above 3.5 million inflation-linked UI -- currently equivalent to $378,000 -- will qualify for tax residency.