08/25/2022
The law requires banks around the world to report assets and accounts of US clients to the IRS, but wealthy Americans have figured out a way to sidestep the rule and draw less scrutiny from the banks.
07/28/2022
IRS acknowledges that the evolvement of digital technology across the world
07/01/2022
Authorities have announced a suspension of the operations of Puerto Rico-based Euro Pacific International Bank, which officials previously said was under suspicion of facilitating money laundering and offshore tax evasion
06/22/2022
Among its partners are established software vendors such as Alkami, Bottomline and FIS.
06/20/2022
Around a third of the respondents said they would never consider abandoning their U.S. citizenship.
06/08/2022
The package of proposals are of particular importance to very large businesses, their directors, investors and auditors.
06/03/2022
Ongoing tax-loss harvesting and tax management capabilities are critical to advisors seeking to grow their business
06/02/2022
New tax operating models can help investment management firms focus on strategic issues while saving cost
05/09/2022
Senate Finance Committee member Bill Cassidy, R-La., was quick to clarify to reporters following the meeting that he does not view the concept as a carbon tax, adding, “I’ve spoken to Republicans who are very interested in this.”
05/09/2022
Tax Partner Maureen Linch and IP Partner Marcela Robledo Expand Corporate Capabilities
04/27/2022
This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements (IGAs) related to the Foreign Account Tax Compliance Act (F
04/13/2022
A person is considered to have substantially complied with the visa requirements if they have not engaged in activities that are prohibited by U.S. immigration laws
04/10/2022
Despite constant bashing from class-warfare-obsessed progressives, those much-maligned millionaires and billionaires generate most of the city’s and state’s tax revenues.
03/22/2022
The CRA's multi-pronged pursuit has left tax evaders fewer places to hide. If you have unreported investments, now may be a good time to disclose them.
03/10/2022
The draft convention would bring transparency to the estimated $10 trillion held offshore anonymously by wealthy individuals and the $1 trillion in profit shifted by multinational corporations across borders every year.
02/11/2022
In essence, this staking process lets validators use tokens they already have (and a relatively small amount of computing power) to obtain additional tokens.
02/04/2022
Companies must be prepared to respond to the increasing pressure for tax transparency. At a minimum, this preparation enables the company to control its tax narrative.
01/26/2022
The maximum gift and estate tax rate remains at 40% of the fair market value of the relevant assets.
01/26/2022
This is because, for US tax purposes, gain on the sale of property is generally treated as tax-free foreign source gain in the hands of a foreign seller.
01/21/2022
In particular, the Final Regulations adopt a new “attribution requirement” (Attribution Requirement) that restricts the availability of FTCs to foreign taxes that the Treasury and the IRS consider to be similar to US taxes.