02/02/2021
Mark H. Leeds and Juan F. Lopez Valek of the New York office of Mayer Brown examine these recent events and announcements in the attached Legal Update and explore their interrelated meaning for US individuals and businesses that have moved, or are conside
01/21/2021
Worldwide economies are struggling with tax revenues down sharply, and governments will turn over rocks to reduce deficits.
01/13/2021
The new tax is expected to be one-time tax, payable by Argentinian individuals with personal wealth equal or above 200 million pesos
01/11/2021
Insurers worried that a government rule from 1984 threatened certain products—and sought Washington’s help
01/09/2021
The questions paralyzing the wealthy and their advisers are which proposals by the Democrats will pass, and when they get implemented.
12/09/2020
As a way to clamp down on individuals using the country as a ‘place to passively store their wealth’
12/07/2020
Argentina has recorded close to 1.5 million infections and almost 40,000 deaths from the coronavirus.
12/02/2020
The agreement was signed by the US IRS’s Douglas O’Donnell and Monaco’s Minister of Finance and Economy, Jean Castellini.
11/20/2020
U.S. loses the most, $90 billion, according to first country-by-country breakdown of the impact of companies and wealthy elites abusing the tax system
11/20/2020
Andersen Global Chairman and Andersen CEO Mark Vorsatz added, “Our collaboration with Dominique and her team enhances our capabilities in Barbados and is the next step in integrating more seamlessly with locations in the Caribbean.
11/20/2020
In the past 24 months, Baker Tilly also expanded into Texas
11/19/2020
The federal government should introduce new taxes targeting extreme wealth concentration and use the revenues to strengthen social safety nets and stimulate the economy.
11/13/2020
New York State continues to investigate tax evasion in art sales
In light of this announcement and broad anticipation that state authorities will increase investigations and prosecutions of sales and use tax violations in the art market due to the pandemic’s impact on state and local tax revenues
11/09/2020
Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 use
11/08/2020
Joe Biden campaigned on the premise that the benefits of the 2017 law are skewed to large corporations
10/30/2020
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.
10/27/2020
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.
10/16/2020
The team of more than 100 IT risk professionals in the Middle East and more than 10,000 in the rest of the world
10/16/2020
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.
10/07/2020
Consulting magazine honors Sarjoo for ‘Excellence in Leadership’