Managers of Wealth Americas

House taxwriters discuss implications of Pandora Papers

Burton also agreed with Republicans that small businesses and farms use trusts for legitimate planning purposes.

How Taxes Can Support Growth and Reduce Inequality in Latin America and the Caribbean

Santiago Acosta Ormaechea and Samuel Pienknagura Loor Western Hemisphere Department

Panama says it doesn’t deserve to be considered an offshore tax haven. Here’s what experts say.

In its efforts to shed its decades-long reputation as a center for tax avoidance and money laundering, the country is embracing transparency.

Required Minimum Distributions and Charitable Deductions in 2021

One other charitable provision from 2020 that has been extended for 2021 is the $300 above the line charitable deduction for taxpayers who do not itemize.

RSM Canada buys two tax credit consulting firms

The acquisition expands RSM Canada’s growing credits and incentives practice

Tax Reform: What's In and What's Out (For Now)

The summary below describes provisions in the House-passed bill that are most likely to affect individual taxpayers and also discusses portions of the original proposal that were cut from the legislation that passed the House.

The Nonqualified Financial Property Limitation

Investments in qualified opportunity funds (QOFs) offer a number of distinct tax benefits

The Build Back Better Act: Tax Reform Implications for Private Equity M&A

Following is a brief summary of certain BBBA concepts which, if enacted in its current form, would potentially increase the overall tax burden on certain parties involved in private equity mergers and acquisitions (M&A) transactions and may have year-

Qualified Opportunity Funds / OTS Series

Investments in qualified opportunity funds (QOFs) offer a number of distinct tax benefits

U.S. has become haven for tax dodgers

Dynasty trusts have been established that allow wealth to be transferred from generation to generation, while avoiding federal estate taxes.

Overseas tax evasion, money laundering and increased housing prices in Canada

In recent weeks, more than 130 countries have agreed that corporations will pay more taxes in the countries where they earn their money.

El Salvador: Updated edition of guide on treatment of tax havens published for 2022 fiscal year

The new guide includes a total of 95 countries, states, or territories on the low taxation and zero taxation lists, a net increase of four jurisdictions with respect to the previous fiscal year.

A growing worry for charities: Tax havens for the rich

When the wealth of an American individual or couple exceeds a threshold - $11.7 million or $23.4 million, respectively - each dollar value above that level, once bequeathed, is subject to a federal estate tax of up to 40% for each generation.

Stripe to open Toronto office

“I want to thank Stripe for choosing to locate its first Canadian office in Toronto and joining our city’s thriving tech community,”

KPMG Canada buys tax credit consultancy RDQ

KPMG will add RDQ’s professionals to the tax segment of its enterprise group, which supports private company entrepreneurs, family businesses, and fast-growing companies.

Secretive billionaire accused of one of biggest tax crimes in US history – and the ‘nobody’ he employed

Evatt Tamine was a lawyer in Bermuda for most of the last 20 years – but you’re unlikely to have heard about his legal work here.

Gift planning opportunities for US persons in the UK

In any event, even under current law, the unified exemption amount will automatically decrease to $5 million (plus an inflation adjustment) come January 1, 2026.

EY reports global revenues of US$40b in 2021

EY also announced a three-year expansion plan and a combined investment spend of US$10b between FY22 and FY24

The Case for a Robust Attack on the Tax Gap

The United States collects less tax revenue as a percentage of GDP than at most points in recent history

Grant Thornton and Topia team to deliver tax offerings for remote and hybrid workforces

Goal is to help organizations manage domestic and international regulatory, tax and compliance issues