12/14/2018
EU’s Expanded Tax Haven Blacklist Could Apply to U.S.
The standard calls on countries to obtain information from their financial institutions and automatically exchange it with other countries every year.
Tax
12/13/2018
Revised Tax Bill Would Help Private Equity Firms, Multinationals
More tailored approach to target post-inversion transactions for dodging U.S. taxes
12/12/2018
One Year Later: The Impact of the Tax Cuts and Jobs Act
We are just beginning to see the economic effect of the TCJA, passed in December 2017, but tax cuts are among many factors influencing U.S. investment decisions.
12/12/2018
The IRS Is Ignoring Rich Tax Dodgers and Going After the Poor
Republican dreams, realized.
12/10/2018
Investors Worry About U.K. Auditors’ Contributions to U.S. Audits
U.K. accounting firms whose performance has been harshly criticized do significant work on the audits of many American companies ] m m m mm
12/06/2018
New money laundering decree for free trade zones in Uruguay
The new regulation states that that operators, direct and indirect users of the free zones are obliged to report any unusual or suspicious activities, whether or not they carried out.
12/04/2018
OECD Looking to New U.S. Tax Law for Digital Tax Solutions
OECD Task Force on the Digital Economy working on alternatives to the EU digital tax plan
12/04/2018
What Should American Investors Know About FATCA?
FATCA was established to reduce tax evasion and ensure U.S. citizens paid the appropriate taxes to the IRS on foreign-held assets.
11/26/2018
Global Forum on Tax Transparency marks a dramatic shift in the fight against tax evasion
The meeting marked the widespread rollout of automatic exchange of financial account of information.
11/16/2018
Andersen Global Adds Tax & Legal Services in Argentina
The firm joins the global association with over 100 personnel and eight Partners.
11/15/2018
Canada Revenue Agency lauds its war on tax evasion
According to the CRA, “Canada is committed to combatting offshore tax evasion and aggressive tax avoidance."
11/15/2018
IRS Catches $10 Billion in Tax Fraud in 2018
The U.S., U.K., Canada, Australia, and the Netherlands formed the Joint Chiefs of Global Tax Enforcement earlier this year to share data, intelligence, technology, and methods to fight offshore tax crime.
11/15/2018
U.S. Multinationals Flee No-Tax Caribbean Havens, in Favor of Low-Tax Havens
Tax experts say the driving force behind the move away from the most flagrant tax havens is a series of requirements from the Organization for Economic Cooperation and Development intended to stop companies from shifting profits abroad.
11/02/2018
E. Cohen and Company, CPAs Expands Offerings with Launch of New Wealth Management Firm, Impact Capital, LLC
The award-winning accounting firm increases its value delivery model with integrated tax planning approach for lifetime support, taps seasoned expert Bill Bancroft to lead operations
11/01/2018
Ecuador joins international efforts against tax evasion and avoidance
The Convention is the key instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters
10/26/2018
Introduction of Country-by-Country reporting in Curaςao
Part of the new law concerns the master file and local file that needs to be available for the Curaςao Tax Department.
10/22/2018
U.S., Israel Expected to Announce Talks on New Bilateral Tax Deal
The U.S.-Israeli agreement is outdated, and contain some of the highest tax rates in the world, at a higher rate than U.S. bilateral agreements with other nations
10/21/2018
New tax break rules for ‘opportunity zone’ investors
About 8,700 zones have been set up in all 50 states
10/16/2018
ASC 740 Insights
Tax and accounting highlights
10/08/2018
Facts US Expatriates Should Know About Their Taxes
Our professionals at Protax Consulting Services Inc have compiled a list of a few helpful facts that will assist you in further understanding US expatriate tax laws!